M&As, Funding & Investments
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Victory Farms secures US$35m backing to expand operations in East Africa
KENYA – Victory Farms, a Kenya-based aquaculture platform, has received US$35 million (Sh4.7 billion) from venture capital (VC) investors in a Series B funding round…
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Pearl Dairy seeks IFC support to fund acquisition of Kenyan dairy plant, boost powder capabilities
UGANDA- Pearl Dairy, Uganda’s leading dairy processing company, is seeking support from the International Finance Corporation (IFC) to enable it acquire a dairy plant in…
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Lactalis South Africa inaugurates US$7.7m new powder facility in Western Cape
SOUTH AFRICA – Lactalis South Africa (SA), one of the largest African dairy processors, has inaugurated a US$7.7 million new evaporator dryer power facility at…
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Egypt gets investors willing to acquire shares in government-owned bottling company
EGYPT – Egypt has received offers from investors to purchase shares in the National Company for Producing and Bottling Water (Safi) as part of a…
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Quickmart fuels expansion drive in Kenya, opens 57th branch in Kileleshwa
KENYA – One of Kenya’s leading retail chains, Quickmart Supermarket, has expanded its branches to 57, an encouraging signal of a maturing retail industry in…