M&As, Funding & Investments
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Wayke Farms gets financial backing to expand into international markets
UK – Wyke Farms, UK’s largest independent cheese producer, has received US$29.79million (£30m) in financial backing from UK Export Finance (UKEF) and Barclays to strengthen…
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Ecommerce platform Sharwa completes US$2m pre-seed investment to build its platform
EGYPT – Sharwa, a social ecommerce platform, has announced the completion of a US$2 million pre-seed investment round to further build the technological platform and…
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AfDB issues US$50m credit line to Nigeria’s FCMB to support women-owned businesses
NIGERIA – The African Development Bank has signed an agreement with First City Monument Bank (FCMB) for a US$50 million line of credit to support…
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IFAD issues US$2m to Mozambican microfinance bank to support small-scale producers
MOZAMBIQUE – The UN’s International Fund for Agricultural Development (IFAD) has issued a US$ 2 million loan to Futuro Mcb, a microfinance bank, to promote…
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Armada Nutrition inaugurates second facility, which incorporates distinctive features
US – Armada Nutrition, a manufacturer specializing in ready-to-mix powder and capsule applications, has opened a custom-built 438,000 square feet contract manufacturing plant in Salt…