M&As, Funding & Investments
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Abia State approves Nepal Group takeover of Afro Beverages to boost manufacturing, jobs
Abia State has approved Nepal Group’s takeover of Afro Beverages, aiming to revive the facility, stimulate industrial growth, and create employment through private sector-led management.
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Diageo-Asahi deal faces pressure as minority shareholder seeks mandatory buyout for EABL investors
A Kenyan minority shareholder is pushing regulators to compel Asahi to offer equal buyout terms to all EABL investors amid mounting legal challenges to the Diageo deal.
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Kenya to settle US$129.2M coffee debts as reforms target production growth
Kenya begins settling verified coffee debts while introducing sweeping reforms aimed at boosting production, improving efficiency, and restoring farmer confidence in the sector.
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Varun Beverages completes US$125.2M acquisition of South Africa’s Twizza
Varun Beverages acquires Twizza for R2.1bn, expanding its PepsiCo-linked bottling footprint in Africa and strengthening presence in South Africa’s soft drinks market.
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Coca-Cola system to invest over US$1B in South Africa through 2030 to boost growth and jobs
Coca-Cola commits R17.6bn to South Africa, reinforcing long-term growth, job creation, and local sourcing while expanding production, distribution, and innovation across its value chain.