M&As, Funding & Investments
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Food delivery platform Elmenus raises US$10m pre-Series C funding to drive expansion plans
EGYPT – Elmenus, the Cairo-based food discovery, ordering, and delivery platform, has announced that it raised US$10 million in pre-Series C funding round lead by…
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Kenya’s Lake Region Economic Block to benefit from US$1.1m fish processing plant
KENYA – Kenya’s county government, Kakamega, has commissioned a fish processing plant with a capacity to process 30 metric tonnes of fish per day, providing…
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Global nuts supplier RRF, USAID to boost West Africa’s cashew nut value chain with US$3m investment
WEST AFRICA – Red River Foods (RRF), a leading global supplier of nuts, seeds, dried fruit, and specialty snacks, has entered into a US$3 million…
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EBRD, EU support help Serbian packaging producer Comex upgrades equipment to meet highest global standards
SERBIA – Comex, a Serbian company specialising in the production of flexible food and non-food packaging and wrapping materials, is the latest beneficiary of an EBRD and European Union…
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Kenyan based aquaculture entity Victory Farms ropes in new investor, gets multi-million-dollar backing
KENYA – East Africa’s largest commercial fish farm, Victory Farms, has received a multi-million-dollar mezzanine debt investment from social impact investor specializing in the African…