International Islamic Food Processing Association partners IsDB Group to boost food security in the region

UZBEKISTAN – The International Islamic Food Processing Association (“IFPA”) is partnering with the Islamic Development Bank (IsDB) to promote food security in the Islamic world.  During the private sector forum held at the 46th IsDB Group Annual Meetings in Tashkent, Uzbekistan, the IFPA formalized the agreement with the IsDB by signing bilateral agreements with the three of the bank’s entities: ICIEC, ICD, and ITFC.   According to a statement from IsDB, the agreements are aimed at promoting mutually beneficial cooperation to establish frameworks of partnership and understanding between IFPA and all…

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Uzbek flour milling companies invest in new modern lines to meet growing demand

UZBEKISTAN – The increasing demand of wheat from Uzbekistan’s consumers, which grew from 7.7 million tonnes in 2010 to 9.7 million tonnes in 2017, is opening up new opportunities for increased local milling capacities, even as the country progresses into becoming self-sufficient in wheat production. To further strengthen the country’s local processing capabilities, Samarkand Don Maxsulotlari JSC and Namangan Don Maxsulotlari JSC, some of Uzbekistan’s pioneers in the grain processing sector, have invested in new lines. Samarkand Don Maxsulotlari enterprise began in 1963 as a project developed by the Kuibyshev…

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European retailer Viva Fresh secures US$10.86m to fund expansion

EUROPE – Viva Fresh, Kosovo’s largest retailer has secured €10 million (US$10.86m) in financing from the European Bank for Reconstruction and Development (EBRD) to support its expansion within and beyond the country. Viva Fresh intends to use the funds in financing the roll-out of new stores domestically and in neighbouring North Macedonia, supporting the growth and development of a modern retail market in Kosovo and elsewhere in the Western Balkans region. As part of the transaction, Viva Fresh and EBRD agreed on a comprehensive value-creation plan, supported by the Enterprise…

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