Investments & Funding
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Arla Foods moves lactofree milk production to UK to meet rising demand for free from dairy products
UK – Arla Foods, one of the largest dairy cooperative in Europe, is moving its lactofree milk production from Denmark and Sweden to North Yorkshire as demand for…
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Zomato becomes first Indian unicorn to go public raising US$1.26B in successful IPO
INDIA – Food delivery start-up Zomato has become the first Indian unicorn to go public, successfully raising over US$1.26 billion in an IPO that was more than…
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Germany packaging equipment supplier KHS establishes modern regional center in Kenya
KENYA – KHS, an international manufacturer of filling and packaging equipment for the beverage, food, and non-food sectors, has broken ground for the construction of…
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Tropical weather forecasting company Ignitia closes US$ 4.2m financing round to fuel expansion
WEST AFRICA – Agtech company, Ignitia has closed a US$ 4.2m financing round led by Novastar Ventures with participation from IKEA Social Entrepreneurship, Future Foodways,…
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Kenya’s leading meat processing company QMP Group set for growth following Tana Africa Capital’s investment
KENYA – Mauritius based holding company, Africa Protein Holdings Limited, owners of Quality Meat Packers Ltd and Anirita Poultry Farm Plc, have received backing from…