Investments, M&A & Funding
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Kenya earmarks US$ 600M for National Food Reserve to cushion against food shortages
KENYA – The government of Kenya plans to set aside KES 79.9 billion (US$ 600M) annually for the National Food Reserve to cushion against perennial…
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Norway invests US$58m into project aimed at developing new stress-tolerant finger millet varieties in East Africa
EAST AFRICA –The East African finger millet breeding has received a boost from the Biodiversity for Opportunities, Livelihood, And Development (BOLD) aimed at developing new…
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Tornum Group acquires grain dryer specialist JW Installations UK Ltd
UK-Sweedish Tornum Group has recently acquired JW Installations UK Ltd, a specialist in grain dryer plants and associated solutions and a distributor for the Tornum…
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Sabic Agri-nutrients finally acquires a 49% stake in EIHL at US$320 million
SAUDI ARABIA- Sabic Agri-nutrients has recently completed its acquisition of a 49% stake in ETG Inputs Holdco Limited (EIHL). The two companies signed a purchase…
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Mondelez to invest US$32.72M in a bid to bolster production capacity in Belgium
BELGIUM – Mondelez International, one of the world’s largest snacks companies, has announced plans to invest €30 million (US$32.72 million) in its baking facility in…