Investments & Funding
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AgDevCo expands portfolio to develop banana industry in Mozambique
MOZAMBIQUE – Social impact investor AgDevCo has announced its latest investment in Mozambique’s agribusiness sector. The UK-based social impact investor has closed a US$3 million…
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Lamb Weston invests US$415m in expanding US facility to meet rising demand
US – Lamb Weston, one of the world’s largest producers and processors of frozen french fries, is investing US$415 million into the expansion of its facility in American…
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Kenyan integrated food producer SimpliFine taps into fast growing frozen food, ready-to-cook segment
KENYA – SimpliFine, a food production company offering accessible, locally sourced meat, vegetables, baked goods and other foods to restaurants, hotels, and retailers across East…
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Kenya’s county government mitigates post-harvest losses with launch of fruit processing plant
KENYA – Kitui County in Eastern Kenya has kick-started operations at the newly build Ksh. 20 million (US$185,000) fruit processing plant located at the Kitui…
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Kraft Heinz to invest US$198m in expanding manufacturing capabilities of UK facility
UK – Kraft Heinz, the fifth-largest food and beverage company in the world, has announced plans to invest £140 million (about US$197.7m) in expanding and…
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Kakuzi Plc to strengthen business with earmarked US$3.7m capital injection
KENYA – Kenyan integrated agri-business firm, Kakuzi Plc, has announced that it will invest more than Ksh400 million (US$3.7m) in capital expenditures (CAPEX) this year,…
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Mozambique’s Bananalândia Group eyes bigger banana export market, opening US$20m processing unit
MOZAMBIQUE – Bananalândia Group, a major producer and exporter of bananas in Mozambique has inaugurated its new US$20 million production and processing unit in Maputo…
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Sensient Natural Ingredients, Taylor Farms expand North American operations with new acquisitions
NORTH AMERICA – Sensient Natural Ingredients and US producer of salads and fresh foods Tailor Farms have made new acquisitions to expand their capacities in…
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Zambia to commence operations at US$8.8m tropical fruit processing plant
ZAMBIA – The Zambian Industrial Development Corporation (IDC) is set to inaugurate the K160 million (US$8.8m) Katete Tropical Fruit processing plant in May this year.…
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Bad-weather disrupts construction of US$17.5m solar-powered pineapple drying plant in Rwanda
RWANDA – Establishment of Rwf270 million (US$17.5m) solar-powered pineapple drying factory in Ngoma District, Eastern Province of Rwanda has been disrupted by heavy rains experienced…