Investments & Funding
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IFF cements LATAM presence with US$15.8m investment in three new innovation centers
LATIN AMERICA – American producer of flavors and fragrances, IFF, has invested US$15.8 million in constructing three new innovation centers in Latin America (LATAM) in…
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Beam Suntory to inject US$400M into Booker Noe Distillery expansion project
US – Beam Suntory, a Japanese multinational alcohol company, has plans of investing more than US$400 million through its subsidiary, Jim Beam, into an expansion…
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Benin’s Africa Negoce Industries receives US$2.7m financial backing from Oikocredit
BENIN – Social impact investor Oikocredit has provided a credit line of € 2.7 million (US$2.7m) to Africa Negoce Industries (ANI), a cashew trading and…
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Kingsland Drinks, Manchester Still invest in upgrading spirit production at Salford facility
UK – Kingsland Drinks, a premier independent UK supplier of wine and spirits, has partnered with Manchester Still to install a new fermentation and distillation…
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Northern Bloc ice cream company receives US$1.22M expansion funding
UK – Leeds-based Northern Bloc, the natural ice cream company, has received a £1.2million (US$1.22M) investment to double its ice cream production capacity. The investment…