Investments & Funding
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McDonald’s to invest US$13m in opening 30 outlets in India
INDIA – Westlife Development, which operates McDonald’s restaurants in the southern and western region of India, has announced plans to open up to 30 outlets…
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Italian firm to build world’s first industrial-scale renewable powered fertilizer plant in Kenya
KENYA – Italian multinational company Maire Tecnimont, has announced that its subsidiaries MET Development, Stamicarbon and NextChem have started work on a renewable power–to-fertiliser plant…
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Indian food processor Allana Group halts operations in Ethiopian unit following harsh operating environment
ETHIOPIA – Frigorifico Boran Foods Plc, the Ethiopian subsidiary of India-based Allana Group, has shut down its US$60m abattoir, after slightly over a year since…
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Kakuzi Plc to strengthen business with earmarked US$3.7m capital injection
KENYA – Kenyan integrated agri-business firm, Kakuzi Plc, has announced that it will invest more than Ksh400 million (US$3.7m) in capital expenditures (CAPEX) this year,…
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South African premium food maker In2food opens state-of-the-art manufacturing facility
SOUTH AFRICA – In2food, a premium prepared food and beverage business in South Africa has expanded its production capacity with the construction of the new…