Investments & Funding
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Sierra Leonean juice maker Kings Beverages receives US$5m from IFC, GAFSP for expansion
SIERRA LEONE – Kings Beverages, a soft drinks and fruit juices producer in Sierra Leone, has received a US$5m financial backing from international financial institution,…
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Kenya commences value addition of sweet potatoes, establishes processing plant
KENYA – Kenyan sweet potato farmers in the Nyanza region are a happy lot after the county government of Migori inaugurated a newly built Ksh…
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Qatar based Baladna enters Egyptian food market, acquires minority stake in Juhayna Food Industries
EGYPT – Baladna, one of Qatar’s largest dairy processors, has acquired a 5% stake in the Egyptian company, Juhayna Food Industries for about QR67.085m (US$18.4m).…
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Firmenich opens new regional hub in Dubai to strengthen presence in MENA
UAE – Swiss flavour and fragrance company Firmenich has opened a new regional hub at the Dubai Science Park in an effort to strengthen its…
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Tiger Brands’ fund makes first investment, bets on plant-based food firm Herbivore Earthfoods
SOUTH AFRICA – The recently launched venture capital fund arm by South African food manufacturing giant, Tiger Brands, has made its inaugural investment, backing Herbivore…