AfDB approves US$113.42m to facilitate agriculture commercialisation in Africa

AFRICA – The African Development Bank (AfDB) has approved a US$113.42 million partial credit guarantee for the development of commercial agriculture projects across the continent. In a statement, AfDB said the funding will be disbursed […]

FAO releases US$15m to boost food security in Angola

ANGOLA – The United Nations Food and Agriculture Organization (FAO) has released US$15 million to support the implementation of projects aimed at improving food security in the country. Gherda Barreto Cajina, FAO representative in Angola, […]

Tanzania’s NMB to inject US$217.65m into dairy sector to boost production

TANZANIA – The NMB Bank, a commercial bank in Tanzania, has set aside US$217.65 million (Tshs500 billion) to finance milk processing ventures in a bid to boost several milk processing plants in the country. The […]

Government to set up US$10m fish hatchery to boost fishing sector

KENYA – The government of Kenya has unveiled plans of establishing a US$10 million (Sh1 billion) marine hatchery in Kwale, in the coast region, as part of its efforts to boost the country’s fishing industry. […]

IFF unveils new brand identity with a focus on people and the planet

USA – International Flavors & Fragrances (IFF), global leader in taste, scent and nutrition has unveiled a new purpose and brand identity, with a renewed focus on people and the planet. The new purpose: To […]

GrainCorp inks deal to reduce cash flow volatility in grain production

AUSTRALIA – Grain and commodities storage company, GrainCorp has announced that it has signed a 10-year contract to manage the risk associated with the volatility of eastern Australian winter grain production. The deal targets to […]

Milkbasket raises US$10.5m in funding round led by Unilever

INDIA – India’s leading grocery and milk delivery service, Milkbasket has raised US$10.5 million additional funding in a round led by Unilever Ventures, a venture capital and private equity arm of Unilever, reports ET Retail. […]

Cornelius and Chr. Hansen form natural colors partnership in the UK

UK – Cornelius Group, European leading ingredients company has joined forces with Chr. Hansen to supply the UK and Irish food and beverage market with natural colors. The partnership aims to address health and wellness […]