Investments & Funding
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Speciality chemical supplier Azelis opens smoke flavors production facility in Denmark
DENMARK — European speciality chemical supplier Azelis has opened an extraction and distillation plant in Denmark to produce smoke flavors. This new facility located in…
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LuLu Group launches 3rd store in Egypt, 200th globally as part of its expansion plan
EGYPT – LuLu Group, the fastest growing retailer in the MENA region has opened its 3rd outlet in Egypt located at Park Mall in the…
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Ethiopia opens mega edible oil processing factory worth US$113.7m to meet domestic demand
ETHIOPIA – Ethiopia has inaugurated the new PhiBela Edible Oil Factory worth Birr 4.5 billion (US$113.7m) in the Amhara regional state built by the multi-sectoral…
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World’s largest brewer AB-In Bev reaffirms commitment to US economy with new US$1bn investment
US – Anheuser-Busch, a wholly owned subsidiary of Belgium multinational drink and brewing company Anheuser-Busch InBev, has announced an investment of more than US$1 billion…
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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…