M&As, Funding & Investments
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Northern Bloc ice cream company receives US$1.22M expansion funding
UK – Leeds-based Northern Bloc, the natural ice cream company, has received a £1.2million (US$1.22M) investment to double its ice cream production capacity. The investment…
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Averda secures US$30m loan from IFC to support waste management in Africa, Middle East
SOUTH AFRICA – Averda, a leading waste management company in the emerging world, has secured US$30 million loan from International Finance Corporation (IFC) to construct…
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Kenyan county governments promote industrialization with establishment of food processing plants
KENYA – Kenya’s Kisumu County government has established a fish cold storage facility at Jubilee fresh fish market built at a cost of Ksh10 million,…
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B2B ecommerce platform Cartona closes US$12m Series A round to accelerate it expansion
EGYPT – Cartona, an Egyptian B2B ecommerce platform, has closed a US$12 million Series A round led by Silicon Badia, a venture capital firm that…
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Jubaili Agrotec receives US$35m from IFC to strengthen food security in sub-Saharan Africa
NIGERIA – Jubaili Agrotec, a Nigeria-based agrochemicals manufacturer and distributor, has received US$35 million from IFC to support the company expand its regional footprint and…