VNA Foods of Namibia to produce vegetable instant soup in new facility
NAMIBIA – Namibian food processing company, VNA Foods has inaugurated its production facility in Windhoek…
Investments
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Mount Franklin Foods opens new candy manufacturing facility, expanding its candy production
USA – Mount Franklin Foods, a manufacturer and distributor of confections and nut items has…
Flour Mills of Nigeria celebrates 60 years of operations since incorporation
NIGERIA – Flour Mills of Nigeria (FMN), one of Nigeria’s leading foods and agro-allied groups…
Low-alcohol spirits maker Clean Liquor raises US$9m in funding to support international expansion
UK – The Clean Liquor Co., a producer of low-alcohol spirits, has raised US$9 million…
Nestlé SA inaugurates new R&D accelerator for sustainable dairy and plant-based dairy alternatives
SWITZERLAND – Nestlé SA has inaugurated a new research and development (R&D) accelerator in Konolfingen,…
Spiceology secures US$4.7m Series A funding round to automate its SpiceLab operations
USA – Spiceology, a producer of spices and seasonings, has secured US$4.7 million in a…
Meat alternatives maker Meatless Farm raises US$31m to support its expansion plan
UK – Meatless Farm, a meat alternatives brand, has raised US$31 million from new and…
Morocco to establish US$1.4m packing factory, valuation unit for aquaculture products
MOROCCO – Morocco is planning inject MAD 13 million (US$1.4 million) for the establishment of…
Sunshine Food Processing Concept flags off construction of US$10.8m egg processing factory in Nigeria
NIGERIA – Nigerian Sunshine Food Processing Concept has commissioned the construction of N4.2 billion (US$10.8m)…
Olam International secures US$145m credit facility loan from Singapore’s first club loan
SINGAPORE – Global food and agri-business firm Olam International Limited (Olam) has secured a SG$200…
AB InBev, IHCL jointly open first microbrewery dubbed 7Rivers Brewpub in India
INDIA – The world’s largest brewer, AB InBev has partnered with Indian Hotels Company Limited…
Evergreen Herbs in Kenya expands production to meet growing demand
KENYA – Agribusiness investor Agris through its Kenyan subsidiary Evergreen Herbs, has expanded production of…
Walmart, Cargill and McDonald partner to invest US$6m in grazing initiative by WWF
USA – The Walmart Foundation alongside Cargill and McDonald’s are teaming up on a cross-industry…
Dutch cell-grown meat startup Mosa Meat raises US$55m in funding for licensing in Europe
NETHERLANDS – Mosa Meat, a Dutch company that made the world’s first lab-grown meat burger…
Non-alcoholic spirit brand Lyre’s secures US$16m growth capital in seed funding round
EUROPE – Lyre’s, a non-alcoholic spirits brand, has announced that it has secured a growth…
Meal prep company Meallogix closes US$1.25m seed round to scale its operations
USA – Meallogix, an e-commerce for meal prep market, announced today that it has closed…
S2G Ventures partners with CDPQ to invest in food and agriculture ventures
CANADA – S2G Ventures (S2G), a multi-stage venture fund investing in food and agriculture has…
Tanzania’s Bakhresa Group ups wheat flour production capacity eyeing more markets
TANZANIA – Bakhresa Group, Tanzanian operator of flour mills that manufacture Azam food flour brands…
Plant based meat alternative producer Vivera set to invest US$35m in its expansion plan
NETHERLANDS – Vivera Foodgroup, a producer of plant-based meat alternatives, is planning to invest at…
Nigerian construction company Julius Berger seeks to diversify into agro-processing
NIGERIA – Julius Berger Nigeria Plc, a civil engineering and construction company in Nigeria has…
Baby food producer Yooji secures US$8m additional funding for marketing
FRANCE – Yooji, a French maker of organic frozen food for babies, has secured additional…
Ivory Coast to construct two new cocoa processing factories with US$389m
IVORY COAST – The government of Ivory Coast is seeking to increase the country’s cocoa…
UK based IT firm Zetogon invests in Nigerian agritech company AirSmat
NIGERIA– Zetogon, a UK based Information Technology company has invested US$100,000 in AirSmat, a Pan-African…
Biotech company Siolta Therapeutics secures US$30m in Series B funding to diverse in their research
USA – Siolta Therapeutics, a clinical-stage biotech company, has announced that it has raised US$30…