Investments & Funding
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World Bank supports development of Ethiopia’s dairy sector with US$93m financing channelled towards improvement of breed stock
ETHIOPIA – Ethiopia is seeking to boost milk production in the country by improving its dairy cattle breed stock, through cross-breeding via Artificial Insemination (AI).…
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Zambia’s leading grains, snacks processor Seba Foods clinches US$4m financing to boost production
ZAMBIA – Seba Foods Zambia Limited, subsidiary of Zambia-based Two Six Zero Brands Africa has received a US$4m senior loan facility from AATIF to enable…
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Tolaram enters alternative protein category with investment in faux chicken producer Shandi
SINGAPORE – Singapore-based food processing giant Tolaram has made its first foray into the lucrative alternative protein market by leading a US$700,000 second-seed funding round…
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General Mills invests US$28m in expansion of US production facility as another Coca-Cola plant closes down
US – American multinational food company General Mills is investing US$28 million in expanding the production capacity of its facility in Sharonville, Ohio. As part of the…
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E-commerce startup Teegara closes pre-Seed funding round led by the Alexandria Angels Network
EGYPT – Teegara.com, the Cairo-based e-commerce startup successfully closes a five-figure pre-Seed follow-on funding round led by the Alexandria Angels Network, as well as angel…