Investments & Funding
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Cargill begins construction of new palm oil facility in Indonesia to meet rising demand
INDONESIA – American global food corporation Cargill has announced that it is building a new US$200 million palm oil refinery in Lampung, Indonesia. The Lampung…
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Kenya’s manufacturing giant Devki Group invests US$16m in new fertilizer plant, seeks to pump in US$46m to revive Mumias Sugar
KENYA – Devki Group of Companies, industrial manufacturing giant in Kenya, has pumped Ksh 1.8 billion (US$16m) in the establishment of a new fertilizer plant.…
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Kraft Heinz to invest US$198m in expanding manufacturing capabilities of UK facility
UK – Kraft Heinz, the fifth-largest food and beverage company in the world, has announced plans to invest £140 million (about US$197.7m) in expanding and…
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Ethiopia beefs up edible oil production with launch of new US$114m processing plant
ETHIOPIA – WA Group, Ethiopian multi-sectoral company has set the turbines rolling at its newly built Birr 5 billion (US$114m) edible oil processing plant. The…
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Seed Co to boost production capacity in Tanzania with US$4.3m investment in new seed processing plant
TANZANIA – Seed Co. Tanzania, the subsidiary of regional seed producer Seed-Co Group, is seeking to establish a new seed processing factory in Iringa, Central…