M&As, Funding & Investments
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Sapphire Foods increases stakes in Maldives Pizza Hut and KFC restaurants operator, Wow! Momo appoints Mithun Appaiah as new CEO
INDIA – Sapphire Foods (SFIL), one of the largest franchisees of Yum! Brands Inc. in India is set to increase its stakes from 51% to…
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Delta Corporation to consolidate Pan-African operations, outlines US$50m annual investment strategy
ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage company, has strategized itself to invest in consolidating its Pan-African operations with up to US$50 million targeted to…
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BGI Ethiopia invests US$9.3m in expanding Meto Abo Brewery
ETHIOPIA – Brasseries et Glacières Internationales (BGI), a subsidiary of the French beverages firm Castel Group, has pumped Birr 500 million (US$9.3 million) into its…
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PepsiCo Portugal invests US$8m in transforming organic waste into biogas at Carregado plant
PORTUGAL – PepsiCo’s unit in Portugal, PepsiCo Portugal, has elevated its sustainability drive with an investment of €7.5m (US$8m) in procuring a new biodigester that…
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AeroFarms inaugurates world’s largest R&D indoor vertical farm in Abu Dhabi
UAE – AeroFarms, a sustainable indoor agriculture company, has launched the world’s largest vertical farm of its kind for research and development, focused on bringing…