Investments & Funding
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Cargill opens US$150m pectin processing plant in Brazil to meet demand for clean label texturising ingredients
BRAZIL – American privately held global food corporation Cargill has opened a new US$150 million processing plant in Bebedouro, Brazil to enable it meet the…
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Diageo eyes greater share of Japanese spirits markets with minority investment in Kanosuke Distillery
JAPAN – British multinational alcoholic beverages company Diageo is eyeing a greater share of Japanese spirits market with its latest investment in ultra-premium whisky producer Komasa Kanosuke Distillery. Founded…
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Arla to expand organic range with new US$35m investment in Swedish dairy facility
SWEDEN – Danish multinational dairy cooperative Arla has announced an investment of SEK 300 million (approx. $35 million) in its dairy facility in Götene, Sweden, as it aims to expand…
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Nigerian spice exporter Agricorp gets US$17.5m from Vami, AFEX, One Capital for expansion
NIGERIA – Agricorp International, Nigerian based spices producing, processing, and exporting startup has raised US$17.5 million in Series A funding led by Vami Nigeria with…
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Agritech startups Hello Tractors, ColdHub bag US$1.5m Heifer International AYuTe Africa Challenge prize
AFRICA – Global development organization, Heifer International, has crowned Nigeria’s ColdHub and Kenya based Hello Tractor as the winners of the inaugural US$1.5 million Heifer…