Agritech start-up Lentera to hold fundraising for expansion of solutions to farmers

KENYA – Lentera, a Kenyan Agri-tech startup, is raising a US$560,000 funding round to build out crop-specific versions of its climate smart solutions for African farmers. Lentera started as a soil health and crop nutrition […]

Africa Logistics Properties holds forum to tackle supply chain challenges in the East African region

KENYA – Africa Logistics Properties (ALP), a modern warehousing solutions company recently hosted a Supply Chain Networking Forum aimed at finding solutions key to supply chain technology advancement. The forum, which coincided with it’s second […]

Japanese consortium to fund Kenyan small-scale sorghum processors

KENYA – A consortium of private firms from Japan have rolled out an initiative to equip and fund Kenyan small scale processors to add value to sorghum in efforts to boost uptake of the traditional […]

Israel’s food majors Tnuva and Tempo back US$283m foodtech initiative

ISRAEL – Tnuva, Israel’s largest food manufacturer has joined forces with leading beverage company, Tempo Beverages and global agrifood investment leader Finistere Ventures in the launch of NIS1bn (US$283m) “Fresh Start” FoodTech Incubator. The FoodTech […]

Bunge acquires stake in Brazilian grains and inputs supplier Agrofel Grains

BRAZIL – Global agribusiness company, Bunge has entered into an agreement to acquire 30% stake in a Brazilian-grain sourcing business, Agrofel Grains and Inputs. Agrofel sells agricultural supplies in the southern state of Rio Grande […]

Celsius Holdings to acquire Func Food Group for US$24.6m

USA – Celsius Holdings, manufacturer of global fitness drink brand Celsius, has agreed to acquire functional food and beverages company Func Food Group Oyj for US$24.6 million. Func Food is a Nordic wellness company that […]

Zimbabwean government approves US$51m agriculture mechanization deal

ZIMBABWE – The government of Zimbabwe has approved a US$51 million farm equipment deal with John Deere for the supply of agricultural mechanisation equipment, to boost the Farm Mechanisation Programme. The loan arrangement will be […]

PepsiCo accelerates plastic waste reduction efforts with new commitment

USA – Multinational soft beverage giant, PepsiCo has unveiled new sustainability target seeking to reduce 35% of virgin plastic content across its beverage portfolio by 2025. To achieve this, the company said it will be […]

Spur Corporation reports 5.9% growth in full year revenue as sales improve

SOUTH AFRICA– Spur Corporation, steakhouse franchise restaurant headquartered in South Africa posted a 5.9% growth in full year revenue to R945m (US$ 65.05m), buoyed by increase in sales across majority of its outlets. During the […]

Bühler’s optical sorting technology receives UK’s most prestigious accolade

UK – Swiss technology company, Bühler has received the United Kingdom’s most prestigious innovation award – the Queen’s Award for Enterprise – for its optical sorting technology, PolarVision. The Queen’s Award, touted as United Kingdom’s […]