Investments & Funding
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Bimbo strengthens Brazilian presence with opening of its largest and most modern baking facility
BRAZIL — Bimbo QSR has strengthened its presence in Brazil with the opening of its largest and most modern baking plant in Pouso Alegre in…
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Egyptian cloud kitchen operator The Food Lab raises US$4.5m in pre-seed funding
EGYPT – The Food Lab, Egypt’s first cloud kitchen services operator, has raised US$4.5 million in a pre-seed funding round to support its expansion within…
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Ivorian Valency International Trading receives US$10m to boost cashew nut processing
IVORY COAST – Valency International Trading SARL, subsidiary of Valency International Group in Ivory Coast, has received US$10 million debt financing from Finnish development financier…
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ITFC provides US$10m financing to ensure food security in Comoros
COMOROS – The International Islamic Trade Finance Corporation (ITFC) has issued EUR 10 million (US$10.7m) to Comoros to be channelled towards importation of food commodities.…
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Moroccan retail-tech startup WafR raises funds to add more grocers to platform
MOROCCO – Moroccan retail-tech startup WafR, which helps retail brands to deliver promotions to grocers, has raised US$278,000 in funding as it aims to increase…