Del Monte Foods to close four US facilities in restructuring program

USA – Del Monte Pacific Ltd will be closing several facilities in the United States as part of a restructuring program that seeks to bring down costs. The canned fruit manufacturer said it is closing […]

Del Monte Kenya reiterates commitment to promoting environmental and food safety

KENYA – Leading fruits processor in Kenya, Del Monte Kenya has reiterated its commitment in promoting environmental and food safety in its facilities and operations following a recent expose on river water pollution that was […]

UK to institute new National Food Strategy as food systems review kicks off

UK – The UK government has launched a call for evidence to inform a major review of the food industry as its readies to set up a new National Food Strategy (NFS). The views will […]

Kenya Partners South Korea on agricultural project to boost productivity

KENYA – The government of Kenya has partnered with South Korea on an agricultural mechanisation project that seeks to increase productivity. The governments will work jointly under the Korea Africa Food and Agricultural Corporation Initiative […]

Hazel Technologies raises US$13m to expand food preservation solutions

USA – Hazel Technologies, a USDA-supported agricultural technology start-up, has raised US$13 million in Series B funding to expand its shelf life-extending solutions. Led by Pangaea Ventures and S2G Ventures, the Series B funding brings the […]

Ghanaian research centre partners Swedish University to transform agric sector

WEST AFRICA – The West Africa Centre for Crop Improvement (WACCI), has entered into a partnership with Swedish University of Agricultural Sciences (SLU) and other research institutions to bolster growth in the agriculture sector. The […]

Stakeholders fault presidential directive on forex ban for food imports

NIGERIA – Following the recent directive by Nigeria’s President Muhammadu Buhari ordering the Central Bank of Nigeria to stop providing forex for food importation in the country, several stakeholders have called on the Government to […]

Rwanda secures US$91m funding to enhance food security efforts

RWANDA – The government of Rwanda has secured a US$91 million (Rwf83bn) funding from Japan to supplement the country’s effort to tackle malnutrition, reports New Times Rwanda. The agreement was signed between Rwanda’s Minister of […]

Land O’Lakes rebrands International Development unit to Venture37

USA – American agricultural cooperative, Land O’Lakes Inc has rebranded its agricultural development arm Land O’Lakes International Development to Land O’Lakes Venture37 to further bolster its global presence. Land O’lakes Venture 37 builds on the […]

Private equity firm Actis acquires stake in Denny Mushrooms owner Libstar

SOUTH AFRICA – Private equity firm Actis has acquired 37.02% stake in South Africa’s owner of the Denny Mushrooms brand Libstar Holdings held by Abraaj Private Equity Fund IV (APEF IV). Last month APEF IV, […]