M&As, Funding & Investments
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ITFC provides US$10m financing to ensure food security in Comoros
COMOROS – The International Islamic Trade Finance Corporation (ITFC) has issued EUR 10 million (US$10.7m) to Comoros to be channelled towards importation of food commodities.…
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Moroccan retail-tech startup WafR raises funds to add more grocers to platform
MOROCCO – Moroccan retail-tech startup WafR, which helps retail brands to deliver promotions to grocers, has raised US$278,000 in funding as it aims to increase…
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Flemish biscuit maker Lotus invests US$11m in third South African factory
SOUTH AFRICA – Lotus, Belgium-headquartered biscuit maker, has commenced construction of its third factory in South Africa, tagged at a cost of R170 million (US$11m).…
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ADM to expand German oilseeds facility to enable non-GMO soybean processing
SWITZERLAND — Commodities trading corporation ADM is planning to add non-GMO soybean processing capabilities to its oil seeds facility in Mainz, Germany to meet growing…
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Australia’s US$84m food manufacturing hub to boost drinks production, exports
AUSTRALIA – An industry-led food manufacturing hub in Australia is set to boost the country’s drink production for both the local and export markets. The…