Investments & Funding
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Middle East largest retailer Lulu Group to set up US$53m food park in India
INDIA – UAE-based multinational conglomerate company that operates a chain of hypermarkets and retail companies Lulu Group has announced plans to set up a US$53m…
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Qatari dairy giant Baldana to help set up US$500m integrated dairy project in Philippines
PHILIPPINES – Baladna Qatar Public Shareholding Company (QPSC), the largest dairy company in Qatar, is partnering with the government of the Philippines to set up…
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Egyptian dark store operator, on-demand delivery startup YFS closes US$7m Series A funding round
EGYPT – Another win for hyper-localized on-demand delivery startups in Egypt as Yalla Fel Sekka (YFS), has successfully raised US$7m in its latest funding round.…
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Dreyer’s Grand Ice Cream to invest US$355m in factory upgrades as sales heatup
USA – Dreyer’s Grand Ice Cream is investing US$355 million in factory upgrades across the US to meet the rising demand for ice cream products.…
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Ghanaian aquaculture giant Tropo Farms opens new fish depot
GHANA – Ghana’s largest tilapia producing company, Tropo Farms Limited, has opened a new depot at Kasoa, Central region of Ghana, bringing to five the…