Investments & Funding
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Restaurant management startup Orda raises US$1m pre-seed funding round to expand technology
NIGERIA – Orda, a restaurant management startup, has raised a US$1.1 million pre-seed funding round to speed its growth and expand across the continent. The…
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Lycored expands US capacity to meet demand for carotenoid ingredients
USA – Global wellness company Lycored has opened a new processing plant in New Jersey, US, to meet growing demand for carotenoid ingredients. The plant is slated to enable Lycored to…
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Tolaro Global, Trade Hub partner to boost organic cashew market in Benin with US$10.2m
BENIN – The USAID-funded West Africa Trade & Investment Hub (Trade Hub) has launched a US$10.2 million co-investment partnership with Tolaro Global, a leading cashew-processing…
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Egyptian online grocery startup Tawfeer Market raises funding to stir early growth
EGYPT – Egyptian online grocery retail startup Tawfeer Market has raised US$500K in a seed round which recorded participation of Alexandria Business Angels Networks. Launched…
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African Distillers Limited builds US$1m cider fermentation plant in Zimbabwe to boost production
ZIMBABWE – African Distillers Limited (Afdis), manufacture, distributor and marketer of branded wines, ciders and spirits in Zimbabwe is nearing completion of its new US$1m…