M&As, Funding & Investments
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Heineken completes its biggest acquisition in Africa, unveils Southern Africa’s subsidiary name
SOUTH AFRICA – Heineken has unveiled the name of its majority-owned Southern Africa unit, which combines Distell Group Holdings Limited (‘Distell’) and Namibia Breweries Limited…
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Niche Cocoa expands into dairy sector with installation of Ghana’s first-ever aseptic line for milk-based products
GHANA – Niche Cocoa Industry Ltd, the largest fully integrated cocoa processor in Ghana, has pioneered the country’s food industry by successfully installing its first-ever…
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Lotus Beverage Alliance transitions to one-stop-shop company for craft beverage industry
USA – Lotus Beverage Alliance, a collective of six US craft beverage equipment manufacturing companies, has transitioned to a company after a US$100m merger deal…
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Artcaffé Coffee and Bakery opens new branch in Narok
KENYA – Artcaffé Coffee and Bakery, an operator of a casual dining and quick-serve restaurant chain in Kenya, has expanded its portfolio of restaurants with…
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Nigerian Breweries seeks US$121m loan from Heineken to strengthen operations
NIGERIA – The board and management of Nigerian Breweries Plc (NB) plan to seek shareholders’ approval for an intercompany loan of €110 million (US$121.36m) from…