AFRICAN & MIDDLE EAST NEWS
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Guinness Nigeria registers loss in half year period despite 6% rise in revenue
NIGERIA – Diageo’s Nigerian operating unit, Guinness Nigeria Plc has reported a 6% rise in half-year revenue in the period ended December 31, 2020 from…
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KWAL breaks ground on new US$36.5m ultra-modern manufacturing facility, eyes bigger market share
KENYA – Kenyan manufacturer and distributor of alcoholic and non-alcoholic beverages KWAL, has started construction of its new Ksh. 4 billion (US$36.5m) ultra-modern manufacturing facility…
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United Nations, Ecobank Group launch Make the Connection campaign to alleviate malnutrition in Africa
AFRICA – UNITLIFE, the United Nations initiative dedicated to fighting chronic malnutrition through innovation, and the Ecobank Group’s Foundation, the pan-African banking group with operations…
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Financial service group UBA in fresh bid to sell struggling Uchumi’s land on old debt
KENYA – Troubled Uchumi Supermarkets is in hot soup as UBA Bank, a Nigerian pan-African financial services group operating in Kenya, is seeking to sell…
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Nigeria’s first plant-based foodtech startup VeggieVictory completes pre-seed funding round
NIGERIA – Nigeria’s first plant-based food tech startup, VeggieVictory, has closed a pre-seed funding round to expand its product portfolio and reach. Its flagship product…