Investments & Funding
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Angolan milling company GMA readies second phase of Lobito’s wheat flour mill construction
ANGOLA – Grandes Moagens de Angola, subsidiary of one of Angola’s leading players in soft commodities and FMCG (fast-moving consumer goods), Webcor, has completed construction…
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Egypt’s contact-less grocery delivery platform GoodsMart raises US$3.6m for further expansion
EGYPT – Egyptian grocery delivery platform GoodsMart, has raised US$3.6 million in a funding round led by Sawari Ventures. Founded in 2014, GoodsMart allows customers…
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2 Sisters Food Group invests US$10.36m into upgrading facilities at UK poultry factory
UK – 2 Sisters Food Group, one of the largest privately-owned food manufacturing companies in the UK, is investing £7.5m (US$10.36m) into modernizing facilities at its UK poultry processing…
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Plant-based company NotCo raises US$235 million to bolster expansion into new categories
CHILE — Latin America’s fastest-growing food company NotCo has raised US$235 million to bolster its expansion into new categories in North America. The funds were raised in a…
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Nestlé invests US$70m to expand US facility as Undercover Snacks secures funds to grow ‘better-for-you’ snack brand
USA – Swiss-based food manufacturing giant Nestle has unveiled plans to invest US$70 million in expanding its facility in Burlington, Food Business News has reported. …