M&As, Funding & Investments
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Al Rawabi to invests US$177m in new Abu Dhabi dairy facility to meet growing consumer demand
UAE – Al Rawabi, a leading dairy and juice company in UAE, plans to establish a US$177 million dairy production facility in Abu Dhabi’s Khalifa Industrial…
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Ethiopia sets turbines rolling at Tana Beles 1 sugar processing factory after 10 years wait
ETHIOPIA – State owned Ethiopian Sugar Corporation (ESC) has officially commenced operations at its recently completed sugar manufacturing unit, Tana Beles 1, located north of…
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Zomato advances q-commerce ambition with US$100m investment in Blinkit
INDIA – Indian multinational restaurant aggregator and food delivery company Zomato is furthering its q-commerce ambitions by investing US$100 million in Blinkit, one of the…
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Diageo invests in Indian craft gin maker Nao Spirits, to build US$191m distillery in Canada
INDIA – Diageo has invested US$4.1 million in Indian craft gin maker Nao Spirits as part of efforts to strengthen its participation in the fast-growing…
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Italian supplier of milling equipment Ocrim builds wheat processing plant in Sudan
SUDAN – Morouj Commodities Ltd, one of Sudan’s largest food industry players, mainly focused on packaging, processing, import and export of products has entered the…