Investments & Funding
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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…
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Malawian dairy processing start-up Mzuzu Dairy doubles out-put with new machinery
MALAWI – Mzuzu Dairy Limited, a milk processing start-up in Malawi has invested K75 million (US$97,200) in new machinery aimed to double its output and…
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Agribusiness company JR Farms builds livestock feed processing plant in Zambia
ZAMBIA – JR Farms Limited, an agribusiness venture undertaking food processing, agro-commodity trading and agro-consultancy in Africa has injected about US$500, 000 in the establishment…