AFRICAN & MIDDLE EAST NEWS
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Ethiopia’s leading poultry company EthioChicken Group receives US$5m backing from Finnfund
ETHIOPIA – Ethiopia’s leading producer of day-old-chicks and poultry feed, EthioChicken Group has received US$5m equity investment from OP Finnfund Global Impact Fund I, the…
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Spur launches first drive-thru restaurant in South Africa as Burger King’s acquisition gets blocked
SOUTH AFRICA – Spur Corporation, South Africa based fast–food chains operator, has expanded its service offering with the launch of its first drive-thru restaurant in…
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Ethiopia beefs up edible oil production with launch of new US$114m processing plant
ETHIOPIA – WA Group, Ethiopian multi-sectoral company has set the turbines rolling at its newly built Birr 5 billion (US$114m) edible oil processing plant. The…
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Seed Co to boost production capacity in Tanzania with US$4.3m investment in new seed processing plant
TANZANIA – Seed Co. Tanzania, the subsidiary of regional seed producer Seed-Co Group, is seeking to establish a new seed processing factory in Iringa, Central…
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Shoprite finalises sale of Nigerian operations, Kenyan retailer Tuskys seeks to lease brand
NIGERIA – Africa’s largest retailer, Shoprite Holdings, has officially transferred ownership of its Nigerian subsidiary to Ketron Investment Limited, a company owned by a group…