M&As, Funding & Investments
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Kenya to develop US$5.5m embryo transfer facility to improve local cow breeds, heighten milk production
KENYA – The government of Kenya is seeking to establish a KSH 600 million (US$5.5m) embryo transfer facility in Eldoret, as part of its plan…
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Nestlé to expand manufacturing capabilities of US frozen foods facility to meet rising demand
US-Swiss food manufacturing giant Nestlé is investing US$100 million to expand its frozen foods factory in Gaffney, South Carolina to help it capitalize on the continued…
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Slovakian company Rokosan to establish US$23.6m organic fertilizer factory in Rwanda
RWANDA – Rokosan Limited, Slovakian producer of organic and organo-mineral fertilizers, has commenced construction of a new production facility in Rwanda worth €20m (US$23.6m). The…
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Ecommerce platform Maxab raises US$40m Series A round to expand to other markets
EGYPT – Maxab, a Cairo-based B2B ecommerce platform, has announced that it has raised US$40 million in a Series A round led by RMBV, a North African-focused…
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Soft beverage manufacturer Schweppes Zimbabwe earmarks US$35m investment in citrus production
ZIMBABWE – Schweppes Zimbabwe, manufacturer and distributor of non-carbonated beverages in Zimbabwe, is seeking to invest US$35 million in the next 10 years into a…