Tag: Dairy processor

PE firm DOB Equity tops up investment in Tanzanian dairy firm Tanga Fresh

Frank

TANZANIA – Tanga Fresh, a dairy processor in Tanzania has acquired additional investment from Dutch family-backed impact investor DOB Equity, to expand its production in the long-life milk market. DOB Equity’s investment will also allow the dairy processor to expand its overall production capacity, providing access to a fair and reliable market for dairy farmers in the Tanga region. Founded in 1996 in Northern coast of Tanzania, Tanga Fresh’s partnership with DOB Equity began in 2007. The dairy processor produces a wide range of products such as mtindi (sour milk), yoghurt,…

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Cameroonian agro-pastoral company signs US$16.2m agreement with API for construction of dairy plant

Frank

CAMEROON – Cameroonian agro-pastoral and industrial company of Ngaoussai in Adamaoua region, has signed a XAF9 billion (US$16.2m) investment agreement with Investment Promotion Agency (API) for the construction of a dairy plant. The plant will be utilized for the processing of milk, yoghurt, cheese and biogas. Upon completion of the project, it is set to create about 220 jobs, reports Business in Cameroon. Going by the country’s 2013 law on private investment which was revised in 2017, the structure will benefit from tax and customs incentives for five to ten years. Adamawa…

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South Africa’s Sundale Dairy forms US$4.25m JV with cheese processor Schreiber

Frank

SOUTH AFRICA – South African dairy processor, Sundale Dairy has formed a joint venture with International cheese processor Schreiber Foods, investing R70 million (US$4.25m) in the construction of a new cheese processing factory in August at the East London Industrial Development Zone, southeast coast of South Africa. The investment according to Money Web, will see production of local cheese for quick serve restaurants, delivering 7 000 tonnes of preservative-free cheese slices to the African market per annum. Sundale Dairy currently supplies Burger King and McDonald’s South Africa with imported cheese slices. Sundale…

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