Category: WORLD NEWS

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

Food Business Africa

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 […]

IMCD rebrands Mexican operations to strengthen presence in Latin America

Food Business Africa

NETHERLANDS – IMCD, a Dutch distributor of food ingredients and speciality chemicals has rebranded its operations in Mexico to IMCD Mexico S.A. de C.V. following the acquisition of Swiss-based DCS Pharma. IMCD signed an agreement […]

Kemin Industries appoints Patrick Wood as Chief Financial Officer

Food Business Africa

USA – Kemin Industries, a global ingredient manufacturer based in the US, has appointed Patrick Wood, formerly Vice President of Finance for Kemin Nutrisurance, as the company’s new Chief Financial Officer. Wood, who assumed the […]

Nestlé expands blockchain technology to Zoégas coffee brand

Food Business Africa

SWITZERLAND – Nestlé has expanded the use of the IBM Food Trust blockchain technology platform to its Zoégas coffee brand enabling consumers to trace the coffee back to the different origins. The expansion follows the […]

Dean Foods receives court approval for the sale of its assets

Food Business Africa

USA – The U.S. Bankruptcy Court for the Southern District of Texas has approved the sale of a substantial portion of Dean Foods’ business operations, including the assets, rights, interests and properties valued at approximately […]

Coca-Cola Amatil invests in Indonesian logostics startup Kargo Technologies

Food Business Africa

INDONESIA – Amatil X, the corporate venture capital platform of Coca-Cola Amatil Indonesia has made a strategic investment in Indonesian logistics startup, Kargo Technologies as part of the bottler’s broader strategy to digitize its operations. […]

Mars commits US$20m to communities in COVID-19 response

Food Business Africa

USA – Mars Incorporated, the American multinational confectionery, food, and petcare products company, has announced a new commitment which includes an initial cash and in-kind donation of US$20 million to support communities most affected by […]

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

Food Business Africa

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 […]

COVID-19 Update: PepsiCo accelerates relief efforts with US$45m package

Food Business Africa

USA – The PepsiCo Foundation has announced a more than US$45 million initiative focused on helping people and communities most affected by the Coronavirus pandemic. As efforts accelerate worldwide to provide relief to affected regions, […]

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

Food Business Africa

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 […]