Omani-Saudi joint venture to establish food and drink factories in Khazaen Economic City
OMAN – The Omani- Saudi joint venture has announced plans to establish seven food and…
Investments News
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South African CDB extractor GES opens modernized laboratory in Cape Town
SOUTH AFRICA – GES Labs, a world-class active ingredient extraction company based South Africa has…
India approves US$43m food processing projects estimated to create over 10,000 jobs
INDIA – The government of India through the Ministry of Food Processing Industries has approved…
Resilient food tech industry attracts record US$8.3B investments in 2020 despite of pandemic
WORLD – The food tech space has proved to be resilient during the pandemic, attracting…
Egyptian ecommerce platform ExpandCart raises US$2m in Series A funding round
EGYPT – Egyptian based Arabic eCommerce platform, ExpandCart, has raised US$2.5 million in a Series…
ValuSect unveils program to support European bug businesses amid rising demand for insect foods
EUROPE – There is a gradual rise in demand for insect foods in Europe as…
Uganda establishes new slaughter house with daily handling capacity of 400 cattle
UGANDA – Uganda is set open a new abattoir at the Sino Industrial Park in…
Cargill invests in life sciences venture capital fund to bolster health solutions portfolio
FRANCE – Leading global food company Cargill has invested in Seventure Partners’ Health for Life…
Italian chocolate manufacturer Ferrero to build US$75m production facility in North America
US – World renown Italian chocolate manufacturer Ferrero has announced that its North America subsidiary…
Agricultural commoditites trader ADM partners InnovaFeed to build US insect protein plant
US – Archer Daniels Midland, one of the world’s largest trader of agricultural commodities, in…
US online grocer Farmstead raises US$7.9 million to expand ecommerce platform
US – Farmstead, a fast-rising US online grocery store has raised US$7.9 million in a…
Nestle Zimbabwe ploughs US$2.5m into new cereal production line
ZIMBABWE – Nestle Zimbabwe has inaugurated US$2.5m cereals manufacturing line, aimed to boost operations to…
Egyptian agribusiness company Cairo 3A to invest US$448.6m in poultry industry
EGYPT – Cairo 3A, an integrated agri-commodity trader and manufacturer in Egypt is seeking to…
Malaysian startup Food Market Hub raises US$4m to increase market share, expand into new markets
MALAYSIA – Food Market Hub (FMH), a Malaysia-based food and beverages (F&B) procurement and inventory…
Proterra partners Fidante to give European investors access to Asia’s US$4 trillion food industry
ASIA – Private equity firm Proterra Investment Partners has teamed up with global investment manager…
Scandinavia’s largest malting company Viking Malt Group to build new US$106m production facility
FINLAND – Leading malting company in Europe, Viking Malt Group has announced plans to invest…
McDonalds unveils new US$382m investment plan to tap into growing Chinese coffee market
CHINA – American fast food company, McDonalds is planning to invest over US$380 million in…
American functional foods start-ups HVMN raises US$5.5m to advance research in ketogenic foods
US – San Francisco-based keto brand, Health Via Modern Nutrition (HVMN), previously known as Nootrobox…
Southern African speciality food maker Black Mamba Foods gets backing from Enygma Ventures
ESWATINI – Black Mamba Foods, Eswatini based speciality food processor has clinched R9.2m (US$559k) worth…
Indonesian ride-hailing and food delivery company Gojeck raises US$150M from Telkomsel
INDONESIA – Gojeck, Indonesia’s home-grown ride-hailing and food delivery company, has raised US$150 million from…
Canada’s plant-based protein industry poised for further growth following new investments by major food companies
CANADA – Canada plant-based protein industry is poised to grow into new heights following an…
AAK to establish innovation center for plant based-foods in Netherlands
NETHERLANDS – Leading provider of specialty vegetable oils and fats AAK has announced plans to…
Ghana fosters value addition of plantain with US$200K processing
GHANA – The government of Ghana has approved the disbursement of US$200,000 for the establishment…
Cadbury chocolate maker Mondelēz invests in foodtech startup Torr
ISRAEL– American multinational food, beverage and snack company Mondelez International has invested an undisclosed sum…