M&As, Funding & Investments
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African Development Fund combats harsh climatic conditions in Ethiopia with US$13.95m grant
ETHIOPIA – The Board of Directors of the African Development Fund, the concessional financing window of the African Development Bank (AfDB) has approved a US$13.95…
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Nestlé outlines sales guidance as it pursues external growth opportunities in fast-growing segments and regions
SWITZERLAND – Nestlé, in outlining its value creation model and 2025 targets to investors, said it expects to return to an underlying trading, operating profit…
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Foodtech platform Orda raises US$3.4m in seed round to digitise African restaurants
NIGERIA – Orda, a restaurant management startup, has raised a US$3.4 million seed round to further digitise food businesses across the continent. The seed round,…
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India to become Barry Callebaut’s largest chocolate-producing market in Asia Pacific
INDIA – India is set to become Barry Callebaut’s largest chocolate-producing market in the Asia Pacific region following the groundbreaking of its third manufacturing facility…
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Benson Hill invests US$28m in soy processing capabilities to meet “exploding demand”
US — Agricultural biotechnology company Benson Hill is investing US$28 million to expand its capacity to convert its proprietary soybeans into value-added soy protein ingredients…