Investments & Funding
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Lactalis completes modernization works at French facility with installation of US$51m whey drying tower
FRANCE – French multinational dairy products corporation, Lactalis has completed modernization work at its Verdun factory in northeast France with the inauguration of a new…
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General Mills to invest US$65m in US facility upgrade to meet soaring consumer demand
USA — American multinational manufacturer and marketer of branded consumer foods General Mills, Inc. has announced it will invest $65 million to upgrade technology and…
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DFC issues US$9.5m financing to Apollo Agriculture to support small-holder farmers in Kenya
KENYA – Kenyan agri-tech startup Apollo Agriculture has secured a US$9.5 million loan from the United States International Development Finance Corporation (DFC) for onward lending…
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AfDB kick starts establishment of Special Agro-Industrial Processing Zones in Nigeria with US$210m financing
NIGERIA – It’s all systems go for the establishment of Nigeria Special Agro-Industrial Processing Zone as the African Development Bank’s Board of Directors have approved…
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McDonalds to expand Italian restaurant footprint by 200 to meet surging demand
ITALY – American fast-food chain McDonald’s will open 200 new restaurants across Italy by 2025 to meet rebounding demand for fast foods, Dario Baroni, chief…