M&As, Funding & Investments
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Cameroon to receive US$35m backing from IFAD to drive growth of aquaculture sector
CAMEROON – The International Fund for Agricultural Development (IFAD) is seeking to channel CFA21.3 billion (US$35m) to boost growth of the Cameroonian aquaculture sector through…
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SAB to pump US$63.2m in two South Africa based breweries to ignite economic growth
SOUTH AFRICA – The South African Breweries (SAB) seeks to invest a further R920m (US$63.2m) into its Prospecton and Ibhayi breweries, reaffirming its commitment to…
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Olam puts brakes on London IPO of food ingredients unit, to sell 35% stake in Olam Agri
SINGAPORE – Ofi, formerly Olam Food Ingredients, has put brakes on its initial public offering (IPO) planned to take place in Q2 of 2022 due…
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Koch Foods opens US$60m poultry feed mill in Alabama
USA — Koch Foods, one of America’s vertically integrated poultry companies, has opened its new US$60 million poultry feed mill in Attalla, Alabama, US. The…
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World Bank pledges US$180m irrigation support in Morocco to mitigate drought
MOROCCO – World Bank has pledged US$180 million support to enhance irrigation in Morocco in the face of drought and strengthen water management in the…