Investments & Funding
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Swiggy eyes US$10B valuation in latest fundraising drive, restructures Supr Daily to unlock its delivery potential
INDIA – India food-tech startup Swiggy is finalizing a new financing round where it targets to raise between US$500 and US$600 million, ET Retail has reported.…
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Ghana COCOBOD signs US$1.5 billion syndicated finance facility for 2021/2022 cocoa season
GHANA – World’s second largest cocoa producing country, Ghana, is set to receive US$1.5 billion financing from a consortium of local and international financial institutions,…
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Serengeti Breweries heightens competitive edge with launch of US$6.7m spirits processing plant
TANZANIA – Serengeti Breweries Limited (SBL), Tanzanian subsidiary of East Africa Breweries Limited, has commissioned its first spirits production plant worth Tsh15.6 billion (US$6.7m) at…
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Sahel Capital, KfW launch US$24m Social Enterprise Fund for Agriculture in Africa
SUB-SAHARAN – Sahel Capital, a private equity firm, has launched a US$24 million Social Enterprise Fund for Agriculture in Africa (SEFAA), sponsored by the German…
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Premium dried fruit snacks company ReelFruit secures US$3m funding to expand production
NIGERIA – Nigeria’s leading dried fruit snack brand, ReelFruit, has raised a Series A investment of US$3 million to expand its production fivefold, increase its…