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Tag: funding

Kenya’s move to import cheap food receives US$24.5m backing from KCB bank

March 9, 2023March 10, 2023

KENYA – In addressing the high cost-of-living haunting most Kenyans, the government has plans to import cheap foods to be…

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AFRICAN NEWS LATEST NEWS 

The World Bank funds US$327.5M project to make livestock farming in East Africa more resilient to climate shocks

February 8, 2023February 9, 2023

EAST AFRICA –  The World bank is funding the transformation of the Kenya Livestock Insurance Program (KLIP) into a bigger…

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AFRICAN NEWS LATEST NEWS Meat, Poultry & Fish 

Multus secures funding to build First-of-its-kind growth media factory in UK

January 17, 2023January 18, 2023

UK – Multus, a biotechnology start-up company, has received €8.9 million (US$9.6 million) in funding to build a first-of-its-kind facility…

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Investments & Funding News LATEST NEWS New Products Supplier News & Innovations WORLD NEWS 

No Meat Factory secures US$42M to expand production capacity for plant-based meat

January 16, 2023January 16, 2023

CANADA – Vancouver-based alternative-protein products manufacturer, No Meat Factory, has closed a US$42 million Series B funding round to accelerate…

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Investments & Funding News LATEST NEWS Meat, Poultry & Fish WORLD NEWS 

Releaf raises US$3.3m to support sustainable food production in Africa

January 10, 2023January 12, 2023

NIGERIA – Releaf, an Agritech startup disrupting Africa’s food processing industry, has raised US$3.3 million in an oversubscribed Pre-Series A…

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AFRICAN NEWS Investments & Funding News LATEST NEWS 

Plant-based foods maker NotCo raises US$70M  to offer AI tech to more food industry players

December 21, 2022December 21, 2022

SOUTH AMERICA – NotCo, a food-tech company focused on producing plant-based alternatives to animal-based products, has raised US$70 million to…

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Plant-based Foods WORLD NEWS 

Food service management startup Suplyd raises US$1.6m, Appetito merges with Jumlaty

December 16, 2022December 16, 2022

EGYPT – Suplyd, an Egypt-based startup that digitises supply chain operations for the Mena region’s hotels, restaurants, and catering (HORECA)…

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AFRICAN NEWS Food service, Retail, E-commerce Investments & Funding News LATEST NEWS Mergers & Acquisitions 

Ghana receives US$35.9m grant from USAID to beef up agriculture systems

December 13, 2022December 13, 2022

GHANA – The United States Agency for International Development (USIAD), has launched a US$35.9 million grant package to support Ghana’s…

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AFRICAN NEWS Agriculture & Agribusiness Investments & Funding News LATEST NEWS 

Insect protein farm Legendary Foods Africa clinches investment to accelerate expansion plan

December 13, 2022December 13, 2022

GHANA – Legendary Foods Africa, a Ghanaian foodtech company focused on production of insect protein for human consumption, has bagged…

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AFRICAN NEWS Investments & Funding News LATEST NEWS 

AfDB commits financial support to Botswana, DRC to bolster post-Covid-19 economic recovery

December 9, 2022December 9, 2022

BOTSWANA – The government of Botswana is set to receive US$179.66m loan from the African Development Bank (AfDB) to support…

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AFRICAN NEWS Agriculture & Agribusiness Investments & Funding News LATEST NEWS 

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MOST RECENT POSTS

  • Arla Foods inaugurates state-of-the-art Dairy Farm in Kaduna to boost sustainable milk production in Nigeria
  • Fonterra reduces farmgate milk prices due to decline in demand
  • Astral Foods projects half-year profit crash
  • PepsiCo replaces natural gas with green energy in crisp production at Netherlands site
  • New Zealand honey producers lose fight with Australia over trademarking Manuka honey

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