M&As, Funding & Investments
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World Bank provides US$300 million to commercialize, de-risk agricultural transformation in Rwanda
RWANDA – The World Bank Group has approved US$300 million in financing, comprising International Development Association (IDA) grant and credit, to help the Government of…
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Norfund backs expansion of SA based dried fruit, nuts processor Redsun with US$8m equity investment
SOUTH AFRICA – Norfund, the Norwegian Investment Fund for Developing Countries, has invested US$8m in South Africa-based raisin processor and distributor, Redsun Dried Fruit and…
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Bimbo strengthens Brazilian presence with opening of its largest and most modern baking facility
BRAZIL — Bimbo QSR has strengthened its presence in Brazil with the opening of its largest and most modern baking plant in Pouso Alegre in…
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Egyptian cloud kitchen operator The Food Lab raises US$4.5m in pre-seed funding
EGYPT – The Food Lab, Egypt’s first cloud kitchen services operator, has raised US$4.5 million in a pre-seed funding round to support its expansion within…
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Ivorian Valency International Trading receives US$10m to boost cashew nut processing
IVORY COAST – Valency International Trading SARL, subsidiary of Valency International Group in Ivory Coast, has received US$10 million debt financing from Finnish development financier…