Investments & Funding
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South African Breweries rekindles hope for SA market, plans to invest US$147m in plant upgrades
SOUTH AFRICA – South African Breweries (SAB), subsidiary of AB InBev, has now walked back on its investment plans in the South African economy, announcing…
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Cacique to build new dairy processing facility in US to meet rising demand
TEXAS – Cacique, a leading Hispanic food company in the US, has inaugurated the construction of a new dairy processing facility in Texas, US to…
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Kenyan industrial conglomerate Devki Group drops out of Mumias Sugar leasing plan, dampening miller’s revival plan
KENYA – Devki Group of Companies, industrial manufacturing giant in Kenya, has withdrawn its bid to lease the troubled Mumias Sugar Company. The Founder and…
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Kerry expands presence in Latin America with new taste facility in Mexico
MEXICO – Kerry, a multinational food ingredients company based in Ireland, has announced the opening of a new taste facility in Irapuato, Mexico, as it…
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Afreximbank boosts capacity of food safety compliance in Africa with establishment of first quality assurance centre in Nigeria
NIGERIA – African Export-Import Bank (Afreximbank), a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade, has commenced the construction of an…