M&As, Funding & Investments
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Senegalese B2B retail-tech startup ProXalys raises pre-seed funding for expansion
SENEGAL – ProXalys, a Senegalese B2B ecommerce startup, has raised US$150,000 in pre-seed funding to spearhead its expansion plans. The round was led by Haskè…
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AAK sees recovery in Chocolate & Confectionery Fats business, injects US$55m in Danish plant to cut CO2 emissions
AAK – Specialty ingredient supplier AAK has reported a recovery of its Chocolate & Confectionery Fats business of AAK which was negatively impacted by COVID-19…
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Arla signs JV agreement with Tolaram for establishment of modern dairy farm in Nigeria
NIGERIA – Arla Foods, one of the largest dairy cooperatives in Europe, has inked a joint-venture partnership with diversified consumer goods company, Tolaram Group, for…
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Uganda’s second largest sugar miller Kinyara Sugar opens US$15m industrial sugar refinery
UGANDA – Kinyara Sugar Limited, one of Uganda’s leading sugar processing companies, has inaugurated East Africa’s first industrial sugar refinery in Masindi District. The plant,…
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Afreximbank’s FEDA supports diversification plan of Mauritania based FMCG company TND SA
MAURITANIA – TND SA, an FMCG company in Mauritania, has received an undisclosed amount of investment from the African Export-Import Bank (Afreximbank), through its development…