Investments & Funding
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Oatly inaugurates new production facility in China to take advantage of robust demand for faux dairy
CHINA – Swedish alternative dairy company Oatly has opened its first manufacturing facility in China, as it looks to expand its production capacity in Asia. The Swedish…
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Mondelēz bolsters US supply chain operations with US$122.5m in Richmond facility
USA – American multinational confectionery and snack food company Mondelēz International is bolstering its US supply chain capability with a US$$122.5 million in its facility…
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Big Idea Ventures invests in African alternative protein companies De Novo Dairy, Mogale Meat
SOUTH AFRICA – De Novo Dairy, the first African company to use precision fermentation technology to produce nature identical, animal-free dairy proteins that replicate dairy…
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AfDB grants US$70m to DRC for agro-industrial development
DRC – The Board of Directors of the African Development Bank Group has granted a loan from the African Development Fund (ADF) of US$70.76 million…
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Saudi Arabian company Ma’aden strengthens African presence with new fertilizer terminal in Malawi
MALAWI – Saudi Arabian Mining Company Ma’aden has opened a world-class fertilizer terminal in Liwonde, Malawi through its African subsidiary Meridian Group. The Liwonde Terminal…