Investments & Funding
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Flemish biscuit maker Lotus invests US$11m in third South African factory
SOUTH AFRICA – Lotus, Belgium-headquartered biscuit maker, has commenced construction of its third factory in South Africa, tagged at a cost of R170 million (US$11m).…
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Australia’s US$84m food manufacturing hub to boost drinks production, exports
AUSTRALIA – An industry-led food manufacturing hub in Australia is set to boost the country’s drink production for both the local and export markets. The…
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ADM invests US$300m in alternative protein production to meet strong demand
CHICAGO — American multinational food company ADM is expanding its alternative protein capabilities with a US$300 million investment in its facility in Decatur, Georgia to…
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Egyptian snacks giant Edita Foods expands operations in Morocco with opening of new facility
MOROCCO – Edita Food Industries, a leader in the Egyptian packaged snack food market, has inaugurated its first overseas production facility in Morocco. The inauguration…
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WaterEquity raises US$153 million for water and sanitation projects across Africa
AFRICA – WaterEquity, the first asset manager exclusively focused on water and sanitation, has raised US$153 million third impact investment fund, the Global Access Fund,…