Ynsect partners ADM, Corporativo Kosmos in US$106m North American expansion drive

NORTH AMERICA – Ynsect, a France-based insect protein company, is on a North American charm offensive to woo more North Americans into embracing insect-based foods into their diets. The company has kickstarted the process by unveiling plans to invest US$106.57 million in building insect ingredient production sites in the United States and in Mexico Construction will begin by late 2023 and…

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Golden Agri Inputs Limited receives US$1.23M investment to boost maize and soybean production in Nigeria

NIGERIA-Golden Agri – Inputs Limited (GAIL), a subsidiary of Flour Mills of Nigeria Plc (FMN), has received 562.9 million naira (US$1.23M) in co-investment grants from Trade and Investment Hub (Trade Hub)- a USAID-funded initiative in West Africa. GAIL is co-investing over 3 billion naira (US$ 6.7M) into the agricultural productivity initiative which targets to help 10,000 small holder farmers to…

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Swiss consumer food group Hero offloads UK gluten-free brand Juvela to S-Ventures

UK- Swiss international consumer food manufacturer Hero Group, has sold its Hero UK which trades as Juvela to a London Stock Exchange-listed enterprise company, S-Ventures. Juvela manufactures and distributes a range of branded gluten-free products which include high quality and tasty free-from range of bread, mixes, and pasta sold in the UK retail and pharmacy markets. The company has been…

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Bunge to expand soy protein ingredients production with new US$ 550M facility in Indiana

USA – American multinational commodity trading giant Bunge is planning to invest US$550 million in the construction of a new facility soybean processing plant at its site in Morristown, Indiana, USA. The fully integrated soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) facility is aimed to meet customer demands on key ingredients in the production of plant-based foods,…

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Angola to invest US$5.7B in 5 year plan to raise grain production to 6m tonnes

ANGOLA – Angola has announced plans to invest US$5.7 billion in various agriculture-focused projects under the National Plan for Grain Production dubbed PlanaGrao with an overall goal of raising grain production to 6 million tonnes by 2027. The plan revealed by the Ministry of Economy and Planning is aimed at reducing dependence on grain imports which eat into the country’s…

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Unga Group considers future beyond milling as sector becomes increasingly competitive

KENYA-Unga Group Holdings Ltd, one of the largest millers in East Africa with a heritage of over a century in grain milling, is considering a transition plan into a general food company to secure the future of the business. Unga which is listed on the Nairobi Security Exchange supplies a variety of products ranging from wheat flour products to maize…

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Europastry bulks up European frozen bakery business with assets from Dawn Foods

SPAIN –Europastry, Barcelona-based and a family business specializing in frozen bakery, has acquired the European frozen bakery business of US-based baker Dawn Foods. The deal for an undisclosed sum includes Dawn’s frozen bakery manufacturing plant located in Steenbergen, The Netherlands, and frozen R&D capabilities based in Evesham and United Kingdom. The two companies are not new to each other as…

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Burkina Faso miller Agroserv receives US$14.5m investment to expand agro-processing plant

BURKINA FASO- Agroserv, a provider of sustainable agro-processing solutions in Burkina Faso, has received a €12.2 million (about US$14.5m) investment from social impact investor Oikocredit, impact investing group Investisseurs & Partenaires (I&P), and lenders BIO Invest and EDFI AgriFI. Oikocredit and I&P are investing up to €6.2 million in Agroserv’s equity, while BIO and EDFI AgriFi will lend an additional…

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AfDB sets aside US$91m to support grain self-sufficiency initiatives in Sudan, Sierra Leone

AFRICA – The African Development Bank (AfDB)  under its African Emergency Food Production Facility is committing US$90.91 million to support wheat and rice production initiatives in Sudan and Sierra Leone respectively. The African Emergency Food Facility,  a segment of the AFDB was launched in May 2022 to help African countries avert the ongoing food crisis due to the disruption of…

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PepsiCo opens oat testing lab in UK to boost high-quality productivity

UK – PepsiCo, Inc, in partnership with UK’s National Institute of Agricultural Botany (NIAB), has opened a new research lab dedicated to testing oats from its innovative R&D agricultural science programs.    The new laboratory is located at the NIAB plant science research organization in Cambridge and will be used by PepsiCo expert crop researchers to test and analyze a pool…

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