Agtech startup Pure Harvest Smart Farms secures US$100m funding

UAE – Pure Harvest Smart Farms, a tech-enabled agribusiness stratup in the United Arab Emirates (UAE) has secured a multi-stage investment commitment valued at over US$100 million with Wafra International Investment Company. The capital injection […]

Unilever East Africa contributes towards fight against the COVID-19 pandemic

EAST AFRICA – Unilever East Africa has spelt out a wide-ranging set of measures in the fight against Covid-19 pandemic that will focus on people’s safety, essential supplies and community support. The company’s actions are […]

Save A Lot receives US$350m to accelerate business transformation plan

USA – Save A Lot, an American discount grocery store chain headquartered in Missouri, has received US$350 million in new capital to support the company’s operations and acceleration of its transformation plan. The company, which […]

Nafoods Group to invest in new value-added products processing facility

ASIA – IFC-backed Vietnamese agribusiness conglomerate, Nafoods Group has secured a US$5 million funding form the Finnish Fund for International Cooperation to support the company’s expansion plans. Nafoods plans to use the proceeds to set […]

Rwanda’s Bralirwa profits drop by 83.5% on account of rising expenses

RWANDA – Bralirwa Limited, the largest brewer and soft beverage company in Rwanda has reported a 83.5% drop in profits from Rwf7.2 billion (US$7.5m) earned in 2018 to Rwf1.2bn (US$1.25m) gained in 2019, according to […]

Turkish confectionery producer Ülker Bisküvi secures US$455m financing package

TURKEY – Turkey’s leading biscuit maker, Ülker Bisküvi Sanayi has raised a US$455 million financing package from international lenders to enable the company to continue smooth operations and further expansion in Turkey and abroad. The […]

Famous Brands cuts funding to its loss-making UK fast food business

SOUTH AFRICA – Famous Brands, South African restaurant franchisor will cut funding to its long-time struggling British fast food operation, Gourmet Burger Kitchen, due to deterioration in sales caused by the coronavirus pandemic. The SA […]

Indonesian agritech firm TaniHub Group raises US$17m to expand operations

INDONESIA – TaniHub Group, one of the leading agritech company’s in Indonesia, has raised US$17 million in a Series A extension round co-led by Openspace Ventures and Intudo Ventures. The round also saw the participation […]