M&As, Funding & Investments
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Mars Wrigley invests US$175m in expanding US chocolate candy plant
USA – American multinational manufacturer of confectionery and pet food Mars Wrigley is investing US$175 million to expand the manufacturing capabilities of its US chocolate…
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AfDB approves US$127 million package to open up agricultural areas in Niger
NIGER – African Development Bank Group has approved funding of US$127.8 million to Niger through the African Development Fund. The funds will be used for…
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Nigerian edible oil processor Presco gains overwhelming support for its maiden US$82.8m bond
NIGERIA – Presco Plc, a fully integrated oil palm processing firm, issued its first bond issuance in the Nigerian debt capital markets totalling N34.5billion (US$82.8m),…
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USAID issues US$1.9m to Mali based processor Mali Shi, American partner Yolélé to develop fonio value chain
MALI – Yolélé, a purpose-driven African food company based in the United States has partnered with Mali Shi, a Malian agro-processor to form a new…
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AB InBev expands seltzer capacity with US$50m investment in St. Louis brewery
USA – Anheuser-Busch, the American subsidiary of Belgium-based brewing giant AB InBev, is investing US$50 million in its St. Louis brewery in an effort to…