Investments & Funding
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Nestlé invests US$220m in new beverage factory in Indonesia to meet growing consumer demand
INDONESIA – Nestlé, the world’s largest food company, has inaugurated the construction of a new beverage factory in Batang, Indonesia in an effort to fulfill…
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German food ingredients solutions provider Mühlenchemie to open Technology Center in Kenya
KENYA – Mühlenchemie, one of the world’s leading companies in the field of flour treatment is seeking to set base in the East African region.…
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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…