Investments & Funding
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Bakhresa Group commences sugar production at newly constructed US$110m unit
TANZANIA – Said Salim Bakhresa Ltd, the flag-ship company of the Bakhresa Group, has kick started operations at the first phase of its US$300 million…
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Phytolon raises US$14.5M to commercialize proprietary colors
ISRAEL – Phytolon, an Israeli food-tech start-up, has raised US$14.5 million in a Series A funding round, led by DSM Ventures. Other investors included Cibus…
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IFC to back Equatorial Coca Cola Bottling Company’s expansion plan with US$71m financing
MOROCCO – Equatorial Coca-Cola Bottling Company (EECBC), bottling company for The Coca Cola Company operating in West and North Africa, is eyeing a €70 million…
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Ardagh Glass double production capacity at South Africa based plant with US$95m investment
SOUTH AFRICA – Ardagh Glass Packaging Africa (AGP Africa), former Consol Glass, has commissioned a R1.5 billion (US$95m) extension of its Nigel production facility in…
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Cerealto Siro Foods averts bankruptcy with US$104.3M cash injection
SPAIN—Cerealto Siro Foods a Spanish co-manufacturer and private-label producer of cookies, cereals and pasta has averted bankruptcy with US$104.3 million cash injection secured by the…