Investments & Funding
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Nestlé to invest US$73m in new plant-based food factory in Serbia
SERBIA – Swiss food manufacturing group Nestlé plans to invest CHF67m (US$73m) in the construction of a new plant-based food production facility in Serbia. The 18,440…
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Coca-Cola United expands US distribution capabilities with opening of US$65m sales center
US – Coca-Cola Bottling Company United, the second-largest privately held Coca-Cola bottler in North America, has opened a new US$65 million sales center in Tifton,…
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Uber’s Careem eyes Egypt’s food delivery market, invests in elmenus
EGYPT – Careem, a subsidiary of American company Uber, based in the United Arab Emirates, is seeking to invest an undisclosed sum in Egypt’s leading…
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Startup Investment of the Week: egrocer Weee! raises US$425m in funding to expand into new geographies
GLOBAL – Food startups in the plant-based and cultivated meat sector are popular when it comes to large ticket funding. This week, ethnic egrocer…
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Morocco based processing giant Copag cuts ribbon to two industrial units established in partnership with state
MOROCCO – Moroccan food processor, Copag, has invested 197 million dirhams (US$20.8 million) in the establishment of two industrial units in Taroudant, in South-Eastern Morocco.…