Indoor farming startup Bowery Farming raises US$50m in funding

USA – New York-based indoor farming startup, Bowery Farming Inc has raised US$50 million in funding in an extension of its Series B round. The funding was led by Singapore state investor Temasek with participation […]

Italian bottle screw-top maker Guala Closures opens US$5.5m factory in Kenya

KENYA – Guala Closures East Africa (GCEA) subsidiary of the Guala Closures Group (GCG), screw-top manufacturer, has opened its KSh570 million (US$5.5m) factory in Nairobi, Kenya. The Italian listed company has set up the plant […]

Pyxus Agriculture to invest US$50m in value addition of Malawi’s agric produce

MALAWI – Pyxus Agriculture Limited, subsidiary of United Kingdom-based company Pyxus Agriculture Holding Limited, focusing on groundnuts and sunflower value addition ventures has announced that it will invest $50 million (about K37 billion) in Malawi’s […]

Nestle teams up with regional partners to launch youth-focused initiative in Africa

AFRICA – The multinational food and drink processing conglomerate corporation, Nestle in partnership with its regional partners has launched the Regional Alliance for YOUth in Sub-Saharan Africa. This joint effort is part of the company’s […]

USDA establishes new rules for hemp production as new program kicks off

USA – The US Department of Agriculture is set to finalize interim rules that will allow hemp to be grown under federally approved plans and make hemp producers eligible for a number of agricultural programs. […]

Finnfund boosts Zambia’s Yalelo Aquaculture with the first direct investment

ZAMBIA – Finnfund, Finnish development financier will support the expansion of Yalelo Limited, an integrated tilapia aquaculture company in Zambia with a US$6 million equity investment. Yalelo produces 12,000 tons of tilapia annually. With the […]

Netherlands invests US$19m in Rwanda’s maize, potato and tea value chain

RWANDA – The Agricultural Public-Private initiative of Rwanda has received funding worth Rwf18 billion (US$19m) from The Netherlands to support the professionalisation of maize and potato value chain and rehabilitation of tea estate. The four […]

Ethiopian firm invests US$20m in two water bottling plants

ETHIOPIA – A local Ethiopian investment firm, Gold Group has built two water bottling plants in separate parts of Oromia Regional State, Southern Ethiopia worth 600 million Br (US$20m) investment. Gold Group has set up […]