M&As, Funding & Investments
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FINCA Ventures backs Kenyan food processor NatureLock to avail more healthy instant food options
KENYA – NatureLock, a newly formed food processing company in Kenya has received an undisclosed amount of investment from FINCA Ventures, to bolster its operations.…
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East African Breweries announces oversubscription of medium-term bonds raising US$341m
KENYA – East African Breweries Plc has raised Ksh 37.9 billion (US$341m) in the recently issued corporate bond under the Domestic Medium-Term Note (MTN) programme.…
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Egypt to build US$33m silo to boost grain storage by 100,000 tonnes
EGYPT – General Company for Silos and Storage (GCSS), Egypt’s state-owned manufacturer, trader and distributor of grains has inked a US$33 million deal with Rowad…
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ABC Fund deploys more capital to support agribusinesses in West Africa
WEST AFRICA – The Agri-Business Capital Fund (ABC Fund), managed by Bamboo Capital Partners, Injaro and Agriterra, is investing a total of EUR 1.6 million…
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Tetra Pak plans US$33.9m investment in South African factory to enhance its sustainability profile
SOUTH AFRICA – Tetra Pak, world’s leading food processing and packaging solutions company, has earmarked R500 million (US$33.9m) investments to upgrade and increase the production…