Investments & Funding
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E-commerce startup Sokowatch raises US$125m series B funding, rebrands to Wasoko
KENYA – African start-up Sokowatch, an online supplier of goods to micro retailers, has closed a US$125 million Series B funding round. The latest round…
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PepsiCo to transform South African supply, value chains through newly launched US$40.25m fund
SOUTH AFRICA – Food and beverage company PepsiCo has launched a five-year R600-million (US$40.25m) fund to help transform the food system in South Africa. The…
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Pyxus Agriculture Limited inaugurates groundnut processing plant in Malawi
MALAWI – Pyxus Agriculture Limited, Malawian processor focusing on value addition of groundnuts and sunflower, has opened a new ground nut processing plant with a…
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Seal Sugar Mill seeks green light for establishment of sugar processing factory in Kenya
KENYA – Seal Sugar Mill, a local Kenyan firm is seeking the approval of the environmental watchdog, National Environment Management Authority (Nema), to construct a…
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Tanzania based cashew processor YYTZ cliches US$1.3m financing to accelerate expansion
TANZANIA – YYTZ, a Tanzanian cashew processor has closed its extended series seed funding totalling US$1.3m that was running in 2020 and 2021. The round…