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Week commencing 18 June
Coca-Cola Beverages Africa has announced a $186m deal with Centum Investment to acquire Almasi Bottlers and Nairobi Bottlers. The restructuring of Coca-Cola beverages in Kenya is shaping up and it is set to become the biggest bottling business on the content.
Standard Media 14 June
Republic of Congo
Nigerian private oil and gas company Pelfaco has signed a production-sharing deal with Congo’s state energy firm on a 32-million-barrel oil field for an undisclosed amount. Congo’s energy industry has staged an unexpected comeback over the past year, owing to major finds from Italy’s ENI and French oil group Total, lifting an economy overshadowed by massive debts and civil unrest.
Reuters 11 June
The International Finance Corporation will invest $60m in mineral sands miner Iluka Resources, a subsidiary of Sierra Rutile. The IFC will initially invest $20m for a 3.57% stake, with a further $50m to increase its shareholding to 10%.
Liquid Africa 10 June
Tunisian dairy maker Land’Or is planning to build a new plant in Morocco. The plant will specialise in manufacturing canned cheese, melting cheese and fresh cheese and is set to be operational in the first quarter of 2021.
Morocco World News 12 June
Swedish entrepreneurship hub developer Norrsken has announced its entry into the Rwandan market with a planned hub in Kigali. Norrsken’s hub will focus on health care, education, finance, food, agriculture and the environment.
New Times 13 June