SINGAPORE – Global food and agri-business Olam International Limited and its wholly owned subsidiary, Olam Treasury Pte. Ltd, have secured a multi-tranche revolving credit facility aggregating US$1.525 billion. The Facility consists of three tranches; a […]
UK – BASF Venture Capital, the investment arm of German agribusiness company, BASF has invested in Hummingbird Technologies, global leader in advanced crop analytics headquartered in London. Other major investors in this series B investment […]
USA – Owen’s Craft Mixers, a New York-based tonic water and mixer producer has raised US$3 million in a Series A funding round to support its expansion. The funding round was led by Chicago-based Levy […]
ASIA – Trade costs of non-tariff measures have now more than double that of tariffs in the Asia Pacific region, according to a new report by the United Nations Economic and Social Commission for Asia […]
DENMARK – The European meat cooperative, Danish Crown has appointed Thomas Ahle as the company’s new chief financial officer (CFO), effective February 2020. Thomas will take over from the Preben Sunke, who will concentrate on […]
JAPAN – Seven & I Holdings Company, the largest convenience stores operator in Japan has unveiled a major restructuring strategy at its group subsidiaries that will result to loss of 3000 jobs. As it continues […]
ZIMBABWE – Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited’s profit for the year ended June 30, 2019 jumped by 134% to US$32 million despite a decline in total customer count. Zimbabwe, which is […]
SOUTH AFRICA – Agribusiness and food-focused investment group Zeder expecting subdued value growth in the rest of its financial year, is set to return capital to shareholders and invest in new opportunities if the sale […]
USA – The United States and Japan have officially signed a trade deal on food and agricultural exports as the two countries continue to deepen and modernize their trade relationship. The deal, which was announced […]
KENYA – Kenyan small-scale tea farmers across the country are set to earn a lower bonus compared to last year by 18.6% as the sector grapples with oversupply in the global market. “There was a […]
