Shoprite’s half year sales grow by 7% despite dismal performance outside SA

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 […]

Louis Dreyfus Company secures US$100m to expand operations

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 […]

Memphis Meats lands historic US$161m funding to accelerate commercial launch of cell-based meats

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 […]

Ecobank partners with financial institutions to increase loans to farmers

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 […]

Flour Mills of Nigeria to issue US$55.16m medium term bonds

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 […]

Cannabis infused beverage brand Cann raises US$5m to fund expansion plans

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. […]

Amber Beverage Group secures US$29m in financing to support expansion

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 […]

Soft Robotics raises US$23m to accelerate growth in core packaging markets

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 […]

TurtleTree Labs secures funding to champion its breakthrough cell-based milk technology

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 […]