M&As, Funding & Investments
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Tanzanian fintech company Ramani raises US$32m Series A funding to digitize CPG supply chains
TANZANIA – Ramani, a Tanzania based consumer-packaged goods (CPG) supply chain software developer, has raised US$32m in series A funding round, comprising of equity and…
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Parle becomes first Indian packaged food company to record more than US$2B in sales
INDIA – Parle Products, a leading biscuit maker based in Mumbai, has crossed $2 billion in annual revenues during FY22, becoming the first packaged food…
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Nestlé installs solar power plant in South Africa targeting net zero emissions by 2050
SOUTH AFRICA – In line with its 2030 ambition to attain zero environmental impact in its operation and achieve net zero emissions by 2050, Nestlé,…
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Nestlé’s Nespresso introduces paper-based compostable capsules as alternative to aluminum ones
SWITZERLAND – Nespresso, a coffee operating unit of the Nestlé Group, has launched paper-based compostable capsules intended to be an alternative to the Swiss packaged…
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Bunge agrees to buy 49% of France’s BZ Group, invests in Brazilian seed supplier
FRANCE — Agricultural commodities trader Bunger is bolstering its global presence and capabilities through strategic investments in France and Brazil. In France, the US-based company…