Investments & Funding
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Namibia Berries to invest US$80M over 7 years to boost blueberries production
NAMIBIA – Namibia Berries, a subsidiary of the South African venture capital company Loxworth Capital, plans to invest 1.5 billion Namibian dollars (US$80.2 million) over…
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Raya Foods considers offers for capital increase to facilitate expansion
EGYPT – Raya Foods, frozen vegetables and fruits processor is considering several investors’ offers to increase the company’s capital by EGP 350m to finance its…
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South Africa’s Black Citrus Growers Programme proves successful
SOUTH AFRICA – The Economic Transformation of the Black Citrus Growers (ETBCG) Programme has started to bear fruit despite facing initial challenges during implementation. The…
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Nigeria aims at saving US$650m lost in onion, garlic post-harvest losses with new flakes processing plant
NIGERIA – The National President of the National Onion Producers, Processors and Marketers Association of Nigeria (NOPPMAN), Aliyu Isa Maitasamu has pointed out that Nigeria…
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New agricultural projects aim at revitalizing Somalia’s forgotten fame
SOMALIA – International Fund for Agricultural Development (IFAD) has pledged to substantially strengthen its support to Somalia, immediately making US$11.6 million available and mobilizing resources…
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Westfalia Fruit receives US$300m expansion investment from three banks
SOUTH AFRICA – Westfalia Fruit, a South Africa-based multinational supplier of fresh fruit and related processed products has secured US$300m from three international banks to…