The inaugural Manufacturing East Africa conference will be hosted in Nairobi, Kenya from the 19 – 20 April 2017 and has been developed to explore and address the growing need for intra-Africa trade across the continent. The event will comprise a 1 day conference, manufacturing competitiveness workshop and allocated business networking time.
Pioneer Foods Group Limited announced today that it would acquire a 49.8% stake in major FMCG manufacturer Weetabix East Africa Limited for an undisclosed amount. This will establish a strategic beachhead for Pioneer Foods in East Africa and the opportunity to build a significant cereal position in the region.
- 83% of West African respondents anticipate higher transaction levels this year
- 71% in East African respondents expect to invest more of their funds this year
The Deloitte 2015 Africa Private Equity Confidence Survey (“PECS”) has highlighted the growing opportunities for the asset class in East and West Africa, while Southern Africa still dominates transactional activity in the sector due to the maturity of the South African market.