Investments & Funding
-
Heineken completes its biggest acquisition in Africa, unveils Southern Africa’s subsidiary name
SOUTH AFRICA – Heineken has unveiled the name of its majority-owned Southern Africa unit, which combines Distell Group Holdings Limited (‘Distell’) and Namibia Breweries Limited…
-
Nigerian Breweries seeks US$121m loan from Heineken to strengthen operations
NIGERIA – The board and management of Nigerian Breweries Plc (NB) plan to seek shareholders’ approval for an intercompany loan of €110 million (US$121.36m) from…
-
DSM agrees to acquire postbiotics pioneer Adare Biome for US$301m
US – Royal DSM, a global science-based leader in health, nutrition and bioscience, has started acquisition talks with Adare Pharma Solutions to buy Adare Biome,…
-
PepsiCo’s Crown Beverages inaugurates first phase of US$90m expansion project
UGANDA – Crown Beverages Limited (CBL), the franchise bottler for PepsiCo, has inaugurated a US$76m (Shs283.7b) new plant, which is the first phase of a…
-
Kenya inaugurates 70-tonne avocado oil extraction factory in Kisii
KENYA- Kenya has launched a Kes355 million (US$2.62 million) avocado oil extraction factory in Kisii county, with a processing capacity of 70 tonnes of avocado…