M&As, Funding & Investments
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Minerva expands its beef empire with US$1.53 billion acquisition from Marfrig
BRAZIL – Beef industry giant, Minerva Foods has struck a deal to acquire cattle slaughtering and deboning plants from its Brazilian counterpart Marfrig solidified its…
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PepsiCo to invest US$175M in grocery tech company Instacart
USA – PepsiCo has agreed to purchase US$175 million of the Series A preferred convertible stock in American grocery delivery company, Instacart. The decision was…
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KOA commissions Africa’s largest cocoa fruit factory in Ghana
GHANA – KOA, a Swiss-Ghanaian start-up in the cocoa industry, has inaugurated a US$ 10 million cocoa fruit factory in Akim Achiase, in the Eastern…
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Kentaste, US agency partner to launch US$1.6M project catapulting firm into US nut market
KENYA – Kentaste, a Kenyan coconut processor has partnered with the US government to launch a US$1.6 million combined investment project to expand the processor’s…
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American quick service restaurant Papa John’s to open first Sub-Saharan outlet in Kenya
KENYA – The third-largest pizza delivery restaurant in the world, Papa John’s International, is going to set up its first outlet(s) in East Africa, this…