Investments & Funding
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Ethiopia set to build US$193.7m Integrated Agro- Industrial Park, fostering economic growth
ETHIOPIA – The Oromia Industrial Parks Development Corporation of Ethiopia has signed an agreement worth Birr 7.8 billion (US$193.7m), to build a 250ha agricultural processing…
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Kenyan tomato farmers to benefit from US$3.9m processing facility, to be operational by 2022
KENYA – The government of Kenya is investing Ksh. 430 million (US$3.9m) to build a tomato processing factory in Loitok tok, Kajiado County, one of…
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Britain’s First Milk to produce more cheese and whey following US$15m capacity expansion
UK – British dairy cooperative First Milk has announced plans to invest £12.5 million (about US$15 million) in two cheese and whey production sites in…
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US retail giant Target to spend US$4bn annually to expand e-commerce capabilities
US – American retail corporation Target has announced plans to spend US$4 billion annually over the next several years to upgrades stores and strengthens its…
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Corbion expands lactic acid capacity to meet rising demand for natural food preservatives
NETHERLANDS – Dutch food and biochemicals company Corbion is launching an initiative to increase its capacity for producing lactic acid and lactic-acid derivatives in response…