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AFRICAN & MIDDLE EAST NEWS
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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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Senegal, Spain sign deal to tackle illegal fishing
Partnership comes after EU suspended fisheries cooperation with Senegal
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African air cargo surges 21% in February, Africa-Asia trade leads global growth
Regionally, Middle Eastern carriers saw demand rise 16.5%, while Asia-Pacific airlines recorded a 13.6% increase.
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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.