AFRICAN & MIDDLE EAST NEWS
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Heineken extends dominance in Nigeria’s beer market by raising stake in Champion Breweries to 84.7%
NIGERIA – Multinational brewing company Heineken has raised its ownership in Champion Breweries with acquisition of 1,903,609,538 ordinary shares at a price of N2.6 per…
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Fan Milk Plc to establish dairy farm and training institute in Nigeria as part of backward integration program
NIGERIA – Fan Milk Plc, Nigerian subsidiary of multinational food-products corporation Danone, has inked a partnership agreement with the government of Ogun state to undertake…
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Dangote urea fertilizer plant set to open in first quarter of 2021
NIGERIA – Dangote Industries Limited has announced that its US$2.5 billion granulated urea fertilizer plant which is located at Ibeju Lekki, Lagos State is set…
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Broadway Bakery opens new plant producing first of its kind hybrid bread in Kenya
KENYA – Kenyan baking company, Broadway Bakery has launched the first of its kind 50/50 bread, made from a combination of white bread flour and…
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Alcohol industry players vehemently oppose raising minimum alcohol packaging to 750ml
KENYA – The amendment Bill that seeks to peg the minimum allowable packaging for alcoholic drinks in Kenya to be 750 millilitres, sponsored by Wundanyi…