Investments & Funding
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Egyptian grocery delivery platforms Breadfast, Appetito raise funds to fuel expansion
EGYPT – Breadfast, a grocery delivery startup, has raised a US$26 million Series A funding round to expand into new cities, scale its technology, and…
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Cargill finalizes establishment of Africa’s single largest cocoa-grinding plant in Ivory Coast
IVORY COAST – Global food corporation, Cargill, has completed a US$100 million expansion of its cocoa processing facilities in Yopougon, Ivory Coast and committed additional…
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SABC group announces US$8.8m investment to boost glass production capacity
CAMEROON – Cameroonian beverage giant, Société Anonyme des Brasseries du Cameroun (SABC), is seeking to invest an estimated of XAF5 billion (US$8.8m) to renovate its…
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Diageo to produce first China-origin single malt whisky in new US$75m whisky distillery
CHINA – British multinational beverage company, Diageo has broken ground on a US$75 million whisky distillery in Eryuan County, China which is set to produce…
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Midroc Investment Group to beef up Ethiopia’s edible oil processing capacity with US$1 billion planned investment
ETHIOPIA – Ethio Agri-CEFT, subsidiary of Ethiopia’s largest diversified conglomerate, Midroc Investment Group, is seeking to invest US$1 billion in the establishment of a new…