To receive this brief in your email every Monday, please subscribe here.
Week commencing 19 August
Integrated food services company Sundry Foods will use a new investment from the Norwegian Investment Fund for Developing Countries (Norfund) to increase its footprint in underserved regions and expand its product offering. Sundry Foods operates in the quick-service restaurant, bakery and catering sectors.
AVCA 15 August
Kenya’s Capital Markets Authority has approved the first green bond to be issued by investors Acorn Group and Helios to raise $48,4m for the construction of over 3,800 university hostel units in Nairobi.
Daily Nation 15 August
Telkom Kenya plans to sell $36,7 worth of properties spread across Kenya as the company seeks to raise capital for its upcoming merger with Airtel. The telecom company has hired Axis Real estate, a property dealing firm, to help sell the prime property assets sitting on about 17.8 acres of land.
Business Daily 15 August
Japanese industrial instrumentation and maintenance company Yokogawa Group intends to launch a subsidiary in Casablanca. Yokogawa Group has annual turnover of $3.8bn and has 18,300 employees through 100 subsidiaries including 17 production sites worldwide.
Morocco World News 14 August
Social impact investor AgDevCo has announced a $9,6m investment into DekelOil, a leading agribusiness operating in the palm oil and cashew sectors in West Africa, which places smallholder farmers at the centre of its operations.
Liquid Africa 12 August