AFRICAN & MIDDLE EAST NEWS
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Fast growing Nigerian beverage maker Rite Foods drags NBC to court over alleged trademark infringement
NIGERIA – Rite Foods, a fast-rising indigenous food and beverage company in Nigeria has taken to court giant beverage maker Nigerian Bottling Company (NBC), over…
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Ghanaian digital farming platform Complete Farmer raises funding, launches new offering
GHANA – Complete Farmer, an end-to-end digital farming platform, has raised an undisclosed amount of funding from Ingressive Capital as it plans to expand into…
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Jumia cashes in on bullish stock trading aims to raise US$400m to finance expansion drive
AFRICA – The New York Stock Exchange listed Africa-focused eCommerce company, Jumia is seeking to raise US$400 million by floating 9 million American depositary shares…
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Egypt’s grain production to stabilize as wheat registers marginal growth, corn and rice remain unchanged
EGYPT – Grain production in Egypt is forecasted to marginally rise in the marketing year (MY) 2021/22 with wheat expected to increase by 1.12% to…
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Safaricom Foundation supports Kenyan youths in agribusiness, avails funds
KENYA – The philanthropic arm of Kenya’s leading mobile network operator, Safaricom Foundation has funded 850 youths to engage in agribusiness in Bungoma and Kajiado…