M&As, Funding & Investments
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eco.business Fund dishes out US$10m to support sustainable tea farming in Kenya
KENYA – Family Bank, a Kenyan commercial bank, has received Kshs. 1.1 billion (US$10 million) from the eco.business Fund to provide credit to sustainable tea…
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Leading recycling company Extrupet doubles capacity with new US$20.5m facility
SOUTH AFRICA – One of the pioneering recycling companies in Africa, Extrupet, is set to double its food-grade plastic recycling operations in South Africa with…
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Sierra Leonean juice maker Kings Beverages receives US$5m from IFC, GAFSP for expansion
SIERRA LEONE – Kings Beverages, a soft drinks and fruit juices producer in Sierra Leone, has received a US$5m financial backing from international financial institution,…
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Kenya commences value addition of sweet potatoes, establishes processing plant
KENYA – Kenyan sweet potato farmers in the Nyanza region are a happy lot after the county government of Migori inaugurated a newly built Ksh…
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Qatar based Baladna enters Egyptian food market, acquires minority stake in Juhayna Food Industries
EGYPT – Baladna, one of Qatar’s largest dairy processors, has acquired a 5% stake in the Egyptian company, Juhayna Food Industries for about QR67.085m (US$18.4m).…