Investments & Funding
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Tyson Foods invests US$355m in new bacon facility to meet soaring demand for proteins
USA — American multinational meat processing corporation, Tyson Foods has announced plans to invest US$355 million to open a 400,000-square-foot manufacturing facility in Bowling Green,…
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AfDB issues US$10m equity investment to ARCH Cold Chain Solutions East Africa Fund to curb food waste
EAST AFRICA – ARCH Cold Chain Solutions East Africa Fund (CCSEAF) has received a US$10 million equity investment from the African Development Bank, to support…
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Sierra Leon fruit beverage maker Capitol Foods launches country’s first cocoa processing plant
SIERRA LEONE – Capitol Foods, one of Sierra Leone’s leading agribusiness company, has launched a cocoa processing plant with an annual production capacity of 4,000…
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FINCA Ventures backs Kenyan food processor NatureLock to avail more healthy instant food options
KENYA – NatureLock, a newly formed food processing company in Kenya has received an undisclosed amount of investment from FINCA Ventures, to bolster its operations.…
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East African Breweries announces oversubscription of medium-term bonds raising US$341m
KENYA – East African Breweries Plc has raised Ksh 37.9 billion (US$341m) in the recently issued corporate bond under the Domestic Medium-Term Note (MTN) programme.…