M&As, Funding & Investments
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South Africa’s Agritech startup Khula! expands offering with launch of new app after closing US$1.3m funding
SOUTH AFRICA -After closing an R20-million ($1.3m) seed funding round led by AECI and ESquared Investments, award-winning agritech startup Khula! has announced the launch of…
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USAID partners with Senegalese companies to realize US$9.9m investment in food industry
SENEGAL – The USAID-funded West Africa Trade & Investment Hub (Trade Hub) has entered into a US$9.9 million co-investment partnership with a trio of Senegalese…
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SimpliFine launches factory in Kenya seeking to expand market share in frozen foods, ready-to-cook segment
KENYA – SimpliFine, a food production company offering fresh, locally-sourced meat, vegetables, baked goods, and other foods to restaurants, hotels, and retail grocers across East…
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Next Meats builds new facility in Japan to expand alternative protein production capacity
JAPAN – Japanese meat alternative company Next Meats has begun construction of a new eco-friendly, alternative protein production facility in Nigata, Japan in an effort to expands its…
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UK delivery startup Deliveroo mulls pulling out of Spain as GoPuff raises US$1Bn in latest funding round
UK – UK delivery startup Deliveroo is considering ending services in Spain due to high costs associated with a recent requirement for food delivery companies to convert their…