Kenyan government promotes marine fishing with US$93.65m investment
KENYA – The Kenyan government has received a Ksh10 billion (US$93.65m) concessional loan from the…
Investments
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Japanese cell-cultured food startup IntegriCulture raises US$7.4m to scale operations
JAPAN – IntegriCulture Inc., a Tokyo-based biotechnology company producing animal cell-cultured foods has raised JPY800…
Rowdy Mermaid Kombucha raises US$7m in Series A investment round
USA – Colorado-based kombucha beverage maker, Rowdy Mermaid Kombucha, has closed its second and final…
Symrise opens new US$55m flavorings production site in China
CHINA – German flavour and fragrance manufacturer,Symrise has opened a new production site in Nantong,…
Givaudan to acquire French biotechnology company Alderys
SWITZERLAND – Flavour and fragrance specialist, Givaudan has secured a deal to acquire Alderys, a…
Marfrig and ADM create plant-based food products joint venture
USA – Marfrig, the second largest Brazilian food processing company and Chicago-based global nutrition company…
Zambia forecasts 69% increase in maize production to over 3.3m metric tonnes
ZAMBIA – Zambia has projected a 69% rise in maize production in the 2019/2020 agricultural…
Ugandan seed producer NASECO clinches US$1.2m investment from Pearl Capital Partners
UGANDA – Pearl Capital Partners through the Yield Uganda Investment Fund, has invested UGX 4.6bn…
Barry Callebaut to acquire Australian chocolate manufacturer GKC Foods
SWITZERLAND – Barry Callebaut has signed an agreement to acquire GKC Foods, an a privately-owned…
Old Mutual’s agricultural fund advisor invests in Malawian agribusiness firm
MALAWI – South African based, United Farmers Fund (UFF) Agri Asset Management, the agricultural fund…