Investments & Funding
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Tetra Pak promotes circular economy adoption by investing in four new recycling facilities
SWITZERLAND – European multinational food packaging and processing company Tetra Pak has co-invested over €11.5 million (US$13.05m) with recyclers and industry players in four new…
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B2B retailer MarketForce raises US$40m series A, appoints Cellulant co-founder as board Chairman
KENYA – MarketForce, a Kenya-headquartered B2B retail distribution platform and financial services provider, has closed a US$40 million Series A funding round, coming seven months…
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Multivac plans new production site in India to bolster presence in South Asia
INDIA – Packaging solutions provider Multivac is planning to invest €6.8 million (US$7.7m) in a new manufacturing site in Ghiloth, India, in a move to expand its production…
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USAID launches US$14.8m agricultural exports program in Rwanda to boost economic growth
RWANDA – The United States Agency for International Development (USAID) has officially launched a US$14.8 million, 5-year agricultural export program in Rwanda. The program dubbed…
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Mondelez invests US$23m to expand Oreo cookies production capacity in Indonesia
INDONESIA — American multinational confectionery and snack food company Mondelez International, has invested US$23 million to expand its production capacity in Indonesia to meet rising…