M&As, Funding & Investments
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Nigeria aims to increase maize production to 10MT per hectare by 2025
NIGERIA— The Federal Government, through Nigeria Sovereign Investment Authority (NSIA), has unveiled plans to support increased maize production from 1.5tonnes to 10tonnes per hectare by…
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African Development Bank loans Morocco US$194m to ramp up cereal production
MOROCCO— The Board of Directors of the African Development Bank have approved a €199 million (US$194 million) loan to finance Morocco’s Competitive and Resilient Cereal…
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Nestlé to invest US$97m in Spain’s largest coffee factory
SPAIN – Nestlé has plans of investing EUR100m (US$97m) in one of its largest coffee factories, based in Spain, over the next three years to…
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Line Man Wongnai raises US$265m to strengthen food delivery business
THAILAND- Line Man Wongnai, a Thai food, and package delivery service, has raised US$265 million in the latest funding round thus becoming the newest startup…
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PepsiCo to Invest US$100m in Romanian snack factory
ROMANIA— PepsiCo is investing another US$100 million in automated systems at its Popești-Leordeni snacks factory in Romania – on top of the US$320 million over…