Investments & Funding
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PepsiCo to invest US$175M in grocery tech company Instacart
USA – PepsiCo has agreed to purchase US$175 million of the Series A preferred convertible stock in American grocery delivery company, Instacart. The decision was…
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Kentaste, US agency partner to launch US$1.6M project catapulting firm into US nut market
KENYA – Kentaste, a Kenyan coconut processor has partnered with the US government to launch a US$1.6 million combined investment project to expand the processor’s…
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American quick service restaurant Papa John’s to open first Sub-Saharan outlet in Kenya
KENYA – The third-largest pizza delivery restaurant in the world, Papa John’s International, is going to set up its first outlet(s) in East Africa, this…
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Mozambican subsidiary of Illovo Sugar in need of US$100m to recover from flood destructions
MOZAMBIQUE – Maragra Sugar Company, a Mozambican producer of raw and brown sugar, requires at least an investment of US$100 million to help it recover…
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Fonterra, DSM back animal-free dairy protein start-up Vivici in seed funding round
NEW ZEALAND – Fonterra, a multinational publicly traded dairy co-operative, has invested in the seed funding round of Vivici, a Dutch start-up producing animal-free dairy…