B2B e-commerce platform in Egypt Fatura seeks to expand base reaching over 10,000 retailers
EGYPT – Fatura, Egyptian B2B e-commerce platform, which connects FMCG wholesalers to retailers has announced…
investments
Kenya sets new directives to spearhead operations in fishing sector
KENYA – The government of Kenya has unveiled new measures to govern and revamp the…
Heineken Mozambique kicks off local production of Heineken beer following US$20m investment
MOZAMBIQUE – Heineken, leading beer maker has inaugurated a new production line worth US$20 million…
Zimbabwe’s fruit farm Nhimbe Fresh eyes UAE’s export market with US$15m investment
ZIMBABWE – Nhimbe Fresh, Zimbabwe’s leading horticultural firm has secured US$15 million investment from an…
Nestle makes additional US$58m investment in China to promote sustainable agriculture
CHINA – Nestle has announced that it will be investing a further CHF 53 million…
Diageo’s Distill Ventures acquires minority stake in German gin brand Siegfried
GERMANY – Just a few days after agreeing to acquire Aviation gin and Davos Brands…
Egyptian B2B e-commerce startup Fatura secures investment in seed funding round
EGYPT – Egypt based B2B e-commerce platform Fatura, which connects FMCG wholesalers to retailers, has…
Cameroonian pasta producer AFM to construct US$23.4m durum flour mill
CAMEROON – Africa Food Manufacture (AFM), leading producer of pasta in Cameroon has a signed…
Pernod Ricard partners with Ojo de Tigre to strengthen its mezcal category
MEXICO– Wines and Spirits giant, Pernod Ricard, has announced its collaboration with super premium mezcal brand…
Quantum Foods’ Directors buy US$1.1m worth of stake amid rising interest by third parties
SOUTH AFRICA – Four board members of South African animal feeds and poultry producer, Quantum…
Mucci Farms invests in two more US facilities to support expansion
USA – Mucci Farms, an Ontario-based fresh producer, has announced an investment in two new US…
PepsiCo Egypt plans US$100m investment in 2020 to spur growth
EGYPT – PepsiCo Egypt, a subsidiary of multinational food and beverage firm, PepsiCo has slated…
Ethiopian company invests US$10.3m in wheat, pasta and biscuit manufacturing
ETHIOPIA – Kiya, a local food processing company in Ethiopia, operating under Soror General Trading has…
Grocery delivery start-up Imperfect Foods raises US$72m in Series C round
USA – San Fransisco-based grocery delivery start-up, Imperfect Foods, has closed a US$72 million series…
Tunisian tomato processing firm clinches US$56m investment from DPI
TUNISIA – Pan-African private equity firm, Development Partners International (DPI) has invested US$56m into Société…
SA agri-tech startup Aerobotics raises US$5.5m from Naspers Foundry
SOUTH AFRICA – South Africa’s agri-tech business, Aerobic has acquired R100 million (US$5.5 million) in…
Citrus Extracts bags investment from venture capital firm to fuel growth
USA – Citrus Extracts, a Florida, USA headquartered supplier of organic and conventional citrus peel…
DSM Venturing leads US$10.8m funding round in Oxford-based Phynova
ENGLAND – Phynova, an Oxford-based life science company has raised €10 million (US$10.83 million) in…
Botswana retailer Sefalana acquires 40% stake in Australian supermarket chain operator
BOTSWANA – Sefalana Holding Company Limited, one of Botswana’s largest retail outfit has entered into…
Egyptian food-tech startup raises funding to stay afloat during the COVID-19 pandemic
EGYPT – Egyptian food-tech startup, Mumm has closed a pre-Series A bridge funding round from…
Naivas set to bag US$15m for sale of its minority stake to IFC, Amethis, DEG and MCB Equity Fund
KENYA – Kenyan retail chain Naivas supermarkets is set to receive US$15 million for the…
Cairo Poultry approves sale of its stake in Egyptian Starch and Glucose Company to Cairo 3A
EGYPT – The board of directors of Cairo Poultry Company, subsidiary of the Americana group,…
Unilever East Africa contributes towards fight against the COVID-19 pandemic
EAST AFRICA – Unilever East Africa has spelt out a wide-ranging set of measures in…
Kaap Agri invests US$8.62m in plastics subsidiary to bolster its manufacturing capabilities
SOUTH AFRICA – Kaap Agri, a group trading in agricultural, fuel and related retail markets,…