M&As, Funding & Investments
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Molson Coors, Pernod Ricard make new investments to tap into booming US whiskey market
US – A booming whiskey market in the US has attracted new investment from alcoholic beverage giants Molson Coors and Pernod Ricard. French firm Pernod…
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Mondelēz partners Amcor to build advanced recycling facility in Australia
AUSTRALIA – Mondelēz International, an American multinational confectionery, food, beverage, and snack food company, is boosting plastic recycling in Australia through an undisclosed investment in…
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Ofi ramps up innovation capabilities in Egypt
EGYPT – Ofi, a global leader in naturally good food and beverage ingredients and solutions, has inaugurated a new herb processing facility in Benin-Suef, Egypt…
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Pharmaceutical company Otsuka to set up US$38M food & energy drinks factory in Egypt
EGYPT – Otsuka Pharmaceutical, a leading Japanese manufacturing company, has announced plans to set up a US$39.8 million healthy food and energy drinks factory in…
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Kenya’s leading retailer Naivas Supermarket slapped with new US$12.56M tax bill
KENYA – Naivas Supermarkets Limited, Kenya’s largest retailer by total store count, is facing a new tax demand from the Kenya Revenue Authority amounting to…