Africa's Number 1 Food, Beverage & Milling Industry Website
UK – Vending machines supplier, Mother has raised US$3.7 million (£3 million) in funding from a Swiss investment firm, Montreux Capital Management. With the capital, the company is targeting to expand its operation across the […]
KENYA – The Export Trading Group (ETG), a Kenya-based agricultural commodities trader, is set to receive US$128 million (Sh12.8 bn) funding from financial institutions to enable the firm finance its operations. Lead by the United […]
USA – American producer of organic ghee, 4th& Heart has closed US$7.6 million in Series C funding round led by leading growth-equity investment firm, Harbinger Ventures. Also participating investors include Cambridge Companies SPG, Blueberry Ventures […]
USA – Hemp CBD-infused sparkling water maker, Sweet Reason Beverage Co. has completed its seed investment round, raising US$2.5 million. The funding round was led by New York venture capital firm Lerer Hippeau with participation […]
NIGERIA – The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has secured a total of US$12.48 million (N4.5bn) from four deposit money banks to boost cereal production in the country. According to a […]
NIGERIA – The Heritage Bank Plc has partnered with the Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) in a bid to improve the agriculture value chain though increasing financing to the sector. […]
USA – The Kellogg Company, through its venture capital fund, eighteen94 capital and Griffith Foods have led US$5m Series B financing in Kuli Kuli Inc., a California based maker of Moringa nutrition bars and powders. […]
USA – The Kellogg Company has posted 5.4% rise in sales growth for the year 2018 even as the fourth quarter continued to feel the impact of the costs of ongoing restructuring at the company. […]
KENYA – Tea remained the top export earner at US$31.9 million followed by horticulture at US$30.4 during the July-September 2018 period, reports The Citizen. However, this is despite a drop in tea earnings which according […]
USA – Ardent Mills LLC has posted improved income and financial results in the second quarter following a weak first quarter, based on a Securities Exchange Commission filing by Conagra Brands, Inc. According to the […]