Tag: Business & Investments

Kraft Heinz to invest US$57.6m in Egypt in the next 5 years to expand market share

Frank

EGYPT – Kraft Heinz, multinational food company headquartered in the United States is seeking to inject more than LE 920 million (US$57.6m) worth of investments in Egypt in the coming five years. This was revealed by Chairman and Managing Director of Kraft Heinz Egypt, Hanny Elmessiry, as the Executive Director of the General Authority for Investment and Free Zones (GAFI) Mohamed Abd El-Wahab reviewed the company’s investment plan. According to reports by Egypt Today, the plan includes establishing 14 new production lines to meet local demand and increase exports. The GAFI executive…

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Nigeria launches project to provide underserved communities in with sustainable energy solutions

Frank

NIGERIA – The Government of Nigeria, in partnership with the African Development Bank (AfDB) has launched the National Electrification Project (NEP), to address critical energy access deficits by channeling private sector investments into mini grid and off-grid solutions. The project, which will be implemented by Nigeria’s Rural Electrification Agency, comes as a boost towards the country’s efforts of achieving the target of universal energy access by 2030. The National Electrification Project will boost Nigeria’s electricity production by approximately 76.5 MegaWatts (MW), of which 68 MW will be solar generated. The…

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