Investments & Funding
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ScaleUp Bio to set up two facilities in Singapore to accelerate precision fermentation startups
SINGAPORE – ScaleUp Bio, a joint venture led by nutrition and food processing corporation ADM and Temasek’s Nurasa, is planning to open two dedicated precision…
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Cold chain solution provider Ifria to receive financial backing from IFC to spearhead growth
AFRICA – Ifria Cold Chain Development Company, a newly established platform providing end-to-end cold chain solution and transportation services, is eyeing a US$9.4m equity investment…
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SA blueberry producer United Exports receives US$13.9m from IFC, FMO to strengthen sustainable production
SOUTH AFRICA – United Exports, a leading producer and exporter of blueberries in South Africa, has received €14 million (US$13.9m) loan financing from World Bank’s…
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Burton and Bamber partners with CIP to launch East Africa’s first aseptic orange-fleshed sweet potato puree processing unit
KENYA – Burton and Bamber, a Kenyan food processing company specializing in the value addition of fruits and other crops, has cut the ribbon to…
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Walmart intends to raise US$3bn for Flipkart to compete with aggressive rivals
INDIA – Walmart is considering raising US$2-3 billion at a valuation of more than US$40 billion for Flipkart, an Indian e-commerce company it owns, to expand…