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March 2nd, 2021

Africa News

Nigeria Breweries Launches Sugar-Free Malt

The new Amstel Malta Ultra is the first sugar-free non-alcoholic malt drink in the market targeting the health-conscious consumer.

25 AfDB Agripreneurs Inching Closer to Bagging US $125K Funding

The African Development Bank then selected twenty-five young African agripreneurs for the final level of the AgriPitch competition.

EABL Appoints Ory Okolloh to Join The Board of Directors

Ms Okollo, who was formerly the managing director of global philanthropic organisation Omidyar Network also serves on the boards of Harvard University’s Centre for African Studies, Thomson Reuters Founders Share Company and Stanbic Bank Kenya.

AFDB Grants Republic of Guinea’s Honey Value Chain With US $642K

The African Development Bank has partnered with the Republic of Guinea to improve honey production, build the competitiveness of the value chain and increase farmer’s income.

LuLu Group Acquires US$1 Billion for Expansion in Egypt

LuLu International Holdings (LIHL), has entered into an agreement with ADQ, an Abu Dhabi headquartered investment firm to acquire US$1 billion for expansion in Egypt.

Tomoca Coffee Opens a New Branch in Two Rivers Mall

Tomoca Coffee, one of the leading coffee brands in Ethiopia with a chain of coffee houses has entered the Kenyan market by opening an outlet in the country’s capital, Nairobi.

Ugandan Coffee Export Rise 6.3% Fetching US$46M in August

Uganda, Africa’s leading coffee exporting country, earned US$ 46.06 million from exports of 519,683 bags of coffee each weighing 60kg.

Ethiopia to Open €50 Million Coffee College

Ethiopia, the leading coffee producing country in the sub-Saharan region, is set to build its first institution of higher learning focusing on the coffee industry, that will deliver courses and conduct research.

Visa Partners With She Leads Africa To Empower Female Entrepreneurs

Through the She Leads Africa Spotlight series, Visa will provide a platform for successful female entrepreneurs, with incredible stories, who will share their business journeys, especially by transitioning to digital channels, in a bid to inspire and help upcoming entrepreneurs spread across Africa.

Heineken Acquires 3.3 Million Shares in Nigeria Breweries

Heineken International, a Dutch multinational brewing company, has increased its stake in Nigerian Breweries shares through the acquisition of 3.3 million additional shares.

Pearl Dairy Injects US$2.7M Into Honey Production

The largest dairy processor in Uganda, Pearl Dairy Farms is seeking to diversify into commercial honey production, investing more than Ush10 bn (US$2.7m) into the venture.

Tanzanian Government Boosts TARI With Tsh. 1.4B

The Tanzania Agricultural Research Institute (TARI) has received Tsh.1.4bn/- (US$603,900) from the government to boost production of palm oil in the country.