Agritech startup MooMe secures investment from Maxula seed fund to support cattle farmers
TUNISIA – Maxula Gestion, a manager and distributor of the Startup Maxula Seed Fund, has…
Investments
Bad-weather disrupts construction of US$17.5m solar-powered pineapple drying plant in Rwanda
RWANDA – Establishment of Rwf270 million (US$17.5m) solar-powered pineapple drying factory in Ngoma District, Eastern…
American food company Mars to invest US$422m in new sustainability project in UK
UK – American multinational food company Mars has launched a new US$422 million project in…
Tyson Foods invests US$26m in bacon facility expansion even as it settles chicken price-fixing lawsuit
US – American multinational food corporation Tyson Foods has announced that it is investing $26…
South African economy losses US$328m worth of investment from SAB after cancelling another US$164m planned expenditure
SOUTH AFRICA – South African Breweries (SAB), subsidiary of AB InBev has pulled the plug…
Alternative protein company Green Leaf Foods invests US$100m in construction of new US production facility
US – Greenleaf Foods, a North American leader in plant-based protein products, has announced plans…
Cameroonian government seeks to partner with potential investors in establishment of country’s food processing sector
CAMEROON – The government of Cameroon through the Ministry of Livestock, Fisheries and Animal Industries…
Kenya nears completion of new potato cold storage facility aimed to curb post-harvest losses
KENYA – Kenya’s state corporation mandated to formulate and review policies and programmes for MSE…
Ten Senses Africa collaborates with Pamoja Farms to ramp up macadamia sourcing in Tanzania
TANZANIA – Ten Senses Africa, producer and exporter of organic and fair-trade macadamia and cashew…
Egyptian chemical company EFIC to launch new compound fertilizer production line
EGYPT – The Egyptian Financial and Industrial Company (EFIC), involved in the production and marketing…
Global malting company Boortmalt kick starts production at its US$71m plant in Ethiopia
ETHIOPIA – Boortmalt, world’s leading malting company has commenced operation at its new Birr 2.8…
Rwandan agro-processing firm Inyange Industries to pump US$20m in construction of milk powder plant
RWANDA – Inyange Industries, one of the leading food processing companies in Rwanda is seeking…
Del Monte’s subsidiary Mann Packing opens fifth vegetable production facility in US
US – Mann Packing – a subsidiary of North American food production and distribution company…
Samona Zambia Limited sets up agribusiness venture with US$500k investment
ZAMBIA – Samona Zambia Limited, is seeking to invest US$500,000 in the development of a…
Varun Beverages Zimbabwe rumps up production launching new production line
ZIMBABWE – Varun Beverages Zimbabwe Private Limited (VBZPL), soft drinks manufacturer has commissioned a new…
Establishment of Rwanda’s first powdered milk plant met with setback due to financial constrains
RWANDA – It’s a year since TRIOMF East Africa, a joint venture firm owned by…
Zambian agro-processing company sets aside US$23m to invest in food additives processing
ZAMBIA – Zambian agro-processing company Chenguang Biotech Zambia Agri-Dev Limited is seeking to invest US$23…
Ethiopian coffee exporter Kerchanshe Trading constructs coffee preparation facilities
ETHIOPIA – Kerchanshe Trading, one of Ethiopia’s largest producers and exporters of coffee is establishing…
French-owned malting house Soufflet commences production in Ethiopia
ETHIOPIA – The Soufflet Group, a French family-owned business focused on collecting and adding value…
Tunisian aquaculture company STEP seeks US$7 million funding to bolster growth
TUNISIA – Société Tunisienne d’Elevage de Poissons (STEP), a modern aquaculture firm in Tunisia located…
Hormel Foods opens a new state-of-the-art meat production facility in US
US – American multinational food company, Hormel Foods is expanding its meat processing capacity with…
Swiss food giant Nestlé to inject US$100m in expansion of US frozen food facility
US – Swiss food manufacturing giant, Nestlé has announced that it will invest more than…
India’s UFlex to double aseptic liquid packaging production capacity amid growing global demand
INDIA – UFlex Limited, a pioneer in the manufacturer of aseptic liquid packaging in India…
Hindustan Foods’ subsidiary to channel US$16.9m worth of investment in new manufacturing plant
INDIA – Hindustan Foods Limited (HFL), one of India’s leading FMCG firms is seeking to…