Flour Mills of Nigeria banks on turnaround initiatives to boost growth

NIGERIA-Flour Mills of Nigeria Plc (FMN), one of Nigeria’s leading integrated food and agro-allied company, envisions continuous growth in key segments as strategy to delivered improved margins and operational efficiencies which will in turn result […]

UK vending business Mother secures US$3.7m funding

UK – Vending machines supplier, Mother has raised US$3.7 million (£3 million) in funding from a Swiss investment firm, Montreux Capital Management. With the capital, the company is targeting to expand its operation across the […]

Agricultural trader ETG secures US$128m funding to boost operations

KENYA – The Export Trading Group (ETG), a Kenya-based agricultural commodities trader, is set to receive US$128 million (Sh12.8 bn) funding from financial institutions to enable the firm finance its operations. Lead by the United […]

US ghee company 4th & Heart raises US$7.6m to boost innovation

USA – American producer of organic ghee, 4th& Heart has closed US$7.6 million in Series C funding round led by leading growth-equity investment firm, Harbinger Ventures. Also participating investors include Cambridge Companies SPG, Blueberry Ventures […]

CBD-infused water maker Sweet Reason secures US$2.5m funding

USA – Hemp CBD-infused sparkling water maker, Sweet Reason Beverage Co. has completed its seed investment round, raising US$2.5 million. The funding round was led by New York venture capital firm Lerer Hippeau with participation […]

NIRSAL secures US$12.48m funding to finance Nigeria’s agriculture sector

NIGERIA – The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has secured a total of US$12.48 million (N4.5bn) from four deposit money banks to boost cereal production in the country. According to a […]

Heritage Bank partners NIRSAL to boost agriculture financing in Nigeria

NIGERIA – The Heritage Bank Plc has partnered with the Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) in a bid to improve the agriculture value chain though increasing financing to the sector. […]

Kellogg backs US moringa brand Kuli Kuli in US$5m financing round

USA – The Kellogg Company, through its venture capital fund, eighteen94 capital and Griffith Foods have led US$5m Series B financing in Kuli Kuli Inc., a California based maker of Moringa nutrition bars and powders. […]

Kellogg reports 4.2% growth in sales as restructuring costs bite in the Q4

USA – The Kellogg Company has posted 5.4% rise in sales growth for the year 2018 even as the fourth quarter continued to feel the impact of the costs of ongoing restructuring at the company. […]

Tea and horticulture remain Kenya’s top export earners

KENYA – Tea remained the top export earner at US$31.9 million followed by horticulture at US$30.4 during the July-September 2018 period, reports The Citizen. However, this is despite a drop in tea earnings which according […]