Investments & Funding
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Pharmaceutical company Otsuka to set up US$38M food & energy drinks factory in Egypt
EGYPT – Otsuka Pharmaceutical, a leading Japanese manufacturing company, has announced plans to set up a US$39.8 million healthy food and energy drinks factory in…
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Kenya’s leading retailer Naivas Supermarket slapped with new US$12.56M tax bill
KENYA – Naivas Supermarkets Limited, Kenya’s largest retailer by total store count, is facing a new tax demand from the Kenya Revenue Authority amounting to…
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FEMSA frames multibillion investment in new store as part of expansion move
MEXICO – Mexican Coca-Cola bottler FEMSA is considering investing between US$7 billion to US$8 billion in new store launches over the upcoming five to six…
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Nestlé to add four new production lines in Egypt in 4 months
EGYPT – Swiss multinational food and beverage giant, Nestlé, has revealed its plans to add four new production lines to its existing facilities in Egypt.…
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Raya Foods considers offers for capital increase to facilitate expansion
EGYPT – Raya Foods, frozen vegetables and fruits processor is considering several investors’ offers to increase the company’s capital by EGP 350m to finance its…