Investment firm Funguo ventures into agro industry
1 weeks ago, 17:38
Funguo Investments, which is partly-owned by parastatal ICDC, has bought a majority stake in Feastfoods Processors marking its entry into the agro processing industry. The firm has injected Sh425 million into the venture in a deal partly financed by Sh246 million debt from ICDC. Feastfoods Processors, a subsidiary of Next Estate, is setting up a fruit juice puree and concentrates plant in Kwale county, a project currently valued at Sh1 billion. Nest Estate has bought land and is currently settin ...
Category: business opinion news