Market News | FOOD & KITCHEN Tanzania 2024

Market News

  • First Investment Made By Pepea Fund In Gaea Foods Kenya

    Posted on :Wednesday , 4th September 2024

    The Pepea Fund has provided an undisclosed sum of venture debt funding to Gaea Foods, a potato-processing company in Kenya, in order to help small businesses expand their supply networks and grow.

     

    The Pepea Fund was established in 2023 to help SMEs and early-stage companies obtain funding for growth and the development of female entrepreneurs. It is administered by Goodwell I. . .

  • Pearl Dairy Farms Ltd. Has Secured A $35 Million Investment To Increase East Africa's Food Security

    Posted on :Thursday , 8th August 2024

    With over 72% of the workforce employed and contributing around 24.1% of Uganda's GDP, the agriculture sector remains the foundation of the country's economy. Just the dairy sector is valued at US$3.8 billion, with US$106.2 million coming from exports annually. Milk and dairy products have a crucial role in preventing hunger and preserving local food security.

     

    The dairy indus. . .

  • An Agreement Is Signed By Tanga City Council And Taha To Promote The Economic Growth Of The Spice Sector

    Posted on :Friday , 5th July 2024

    Tanga, a memorandum of understanding (MoU) was signed by the Tanga City Council and the Tanzania Horticultural Association (Taha) to commercialize the spice sector in Tanga.

     

    Taha CEO Ms. Jackie Mkindi and Executive Director of the Tanga City Council Dr. Frederick Sagamiko presented bold ideas to fortify this relationship during the signing event on July 2 in Arusha.

    &nb. . .

  • Over The Next Five Years, Coca-Cola Plans To Invest Up To $175 Million In Kenya

    Posted on :Monday , 3rd June 2024

    The Coca-Cola Company and its authorized bottler Coca-Cola Beverages Africa make up the Coca-Cola system in Kenya, and they have announced a new $175 million investment.  

     

    Over the next five years, the system plans to invest up to $175 million in Kenya; the exact amount will depend on whether the company meets its projected growth targets in the nation.

     

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  • Increased Avocado Yields Present Karakuta In Kenya With Additional Opportunities

    Posted on :Friday , 29th March 2024

    Karakuta, a Kenyan avocado grower, is increasing the amount of Hass it produces by expanding into Tanzania and making additional investments in clonal technology.

     

    One of Kenya's fastest-growing agribusinesses, Karakuta is based in Juja, Kiambu County, 45 minutes from Nairobi, the country's capital. It specializes in Hass avocados and fresh herbs. 15,000 well-watered avocado t. . .

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