SOUTH AFRICA – Africa’s retail giant Shoprite has reported a 7% growth in the group’s total sales to approximately R81.2bn (US$5.62b) in its half-year financial performance ending December 2019. The growth was driven its South […]
NETHERLANDS – Louis Dreyfus Company, a leading merchant and processor of agricultural products has secured a US$100 million financing facility from the EBRD to facilitate the company’s regional expansion. The funding will support LDC’s operations […]
USA – Memphis Meats, a pioneer in the production of cell-based meat, poultry and seafood has raised a landmark US$161 million in its series B funding round, which will enable the company to bring its […]
NIGERIA – About 20 basic food items in Nigeria have been added to the list of goods and services to be exempted from VAT under the Finance Law. The new Act raised Value Added Tax […]
NIGERIA – Ecobank Nigeria Limited has said that it is partnering with financial institutions in Nigeria to double the amount of credit it provides to the agricultural sector over the next two/three years. The financial […]
NIGERIA – Flour Mills of Nigeria Plc, a diversified Nigerian agribusiness company has announced its plan to issue a N20 billion (US$55.16m) medium-term bonds, which is subject to appropriate pricing. In a statement to the […]
USA – Los Angeles based cannabis-infused social tonic, Cann has raised US$5m in seed funding round, co-led by Imaginary and JM10 Partners, to accelerate the the brands growth California and to new states in 2020. […]
EUROPE – Luxembourg-based spirits producer and distributor, Amber Beverage Group (ABG), has secured a €27 million (US$29.99 million) credit facility from Swiss bank, Credit Suisse AG. Amber Beverage said that the proceeds will used to […]
USA – Soft Robotics, an innovative robotics start-up, has raised US$23 million from investors including its most recent partner, FUNAC Corp., to expand its robotics food packaging and manufacturing solutions. The Series B funding round […]
SINGAPORE – TurtleTree Labs, the world’s first company using technology to create milk from animal cells has closed its pre-seed funding round that will enable the company expand its team and create additional prototypes. Co-founded […]
