Investments & Funding
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Nestlé adds new Board members, opens US$67m pet food plant expansion in Australia
SWITZERLAND – Shareholders of Swiss food manufacturing giant Nestlé S.A. have elected Luca Maestri and Chris Leong to the company’s Board of Directors. Luca Maestri…
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Singaporean Robust to build agricultural commodities processing complex in Nigeria with IFC backing
NIGERIA – IFC, has agreed to issue US$18 million in debt financing to Robust International (Robust), a Singapore-based agricultural company, for establishment of a modern…
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Mars Wrigley invests US$175m in expanding US chocolate candy plant
USA – American multinational manufacturer of confectionery and pet food Mars Wrigley is investing US$175 million to expand the manufacturing capabilities of its US chocolate…
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AfDB approves US$127 million package to open up agricultural areas in Niger
NIGER – African Development Bank Group has approved funding of US$127.8 million to Niger through the African Development Fund. The funds will be used for…
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Nigerian edible oil processor Presco gains overwhelming support for its maiden US$82.8m bond
NIGERIA – Presco Plc, a fully integrated oil palm processing firm, issued its first bond issuance in the Nigerian debt capital markets totalling N34.5billion (US$82.8m),…