Investments & Funding
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Natural color supplier GNT invests US$30m in North American facility expansion
USA – Netherlands-based supplier of natural colours to the food industry GNT is investing US$30 million to expand its US-based facility for North American ingredient…
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Financial institution EBRD supports Tunisia’s olive-oil sector with US$7m financing to COGIA SA
TUNISIA – The European Bank for Reconstruction and Development (EBRD) has dished out a TND 20 million (US$7.19 million) loan to Compagnie Générale des Industries…
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Coca-Cola System celebrates 70 years in Nigeria, earmarks US$1 billion investment in next 5 years
NIGERIA – Boasting of having 8 manufacturing plants, over 7,000 dealers, skilled and dedicated employees, and a sophisticated distribution system across Nigeria, there is practically…
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Moroccan retailtech startup Chari.ma raises US$5m to spearhead expansion plan
MOROCCO – Chari.ma, a Moroccan B2B e-commerce platform that fashions retailers with suppliers has raised US$5 million in the largest venture funding round in the…
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Varun Beverages Zimbabwe rumps up production with launch of new US$12m production line
ZIMBABWE – Varun Beverages Zimbabwe (Pvt) Limited, the franchise bottler of PepsiCo in Zimbabwe, has commissioned a new US$12m water bottling line, with a production…