AFRICAN & MIDDLE EAST NEWS
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First Mills announces the final IPO price at US$16 per share, attracts bids worth US$18.35m
SAUDI ARABIA – First Milling Company (First Mills), a market-leading milling firm in Saudi Arabia along with financial advisor SNB Capital has announced it has…
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Agro-food Cevital Group opens a new cooking oil production plant in Béjaïa
ALGERIA – Cevital Food, a leading agro-industry company in Algeria has launched its cooking oil production plant in the wilaya of Béjaïa in a bid to help…
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Desert wells in Iraq translate to bumper wheat crop harvest as rivers dry, but experts cast doubts on its sustainability
IRAQ- Prolonged drought has caused rivers in Iraq to dry up, forcing Iraqi farmers to rely on groundwater for farming, which has translated to a…
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PepsiCo South Africa’s subsidiary Pioneer Foods takes full ownership of Futurelife Health
SOUTH AFRICA – Pioneer Foods, a subsidiary of PepsiCo South Africa has acquired the remaining half of Futurelife Health, eight years after buying its initial…
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Egyptian snacks giant Edita Food enters the frozen bakery segment by acquiring Fancy Foods for US$12M
EGYPT – Edita Food Industries (EFI), a leading Egyptian snack food producer, has entered the frozen bakery segment by the acquisition of Fancy Foods S.A.E.,…