ADB supported the Ministry of Agriculture and Forestry in raising $10 million in grant financing from the global agriculture and food security program The Asian Development Bank (ADB) signed a $10 million grant with the Government of the Lao People’s Democratic Republic (Lao PDR) to strengthen responses to food security[Read More…]
Finance
Union Bank of Philippines and S&R launch Co-branded credit card
A co-branded credit card that will make grocery shopping, dining, and lifestyle spending more rewarding Union Bank of the Philippines (UnionBank) has teamed up with S&R, the largest membership-only grocery chain in the country, for a co-branded credit card that will make your grocery shopping, dining, and lifestyle spending more rewarding. That’s[Read More…]
Gates Foundation announces partnership with UAE to accelerate action to strengthen food systems
Together, they made new commitments totalling $200 million in response to immediate and long-term threats to food security and nutrition caused by climate change The Bill & Melinda Gates Foundation joined the United Arab Emirates (UAE) to accelerate the development of innovations that will help smallholder farmers in sub-Saharan Africa and South Asia build resilience and[Read More…]
Zespri unveils ZAG, innovation funding initiative for sustainable future
The $2 million annual fund will propel initiatives to help shape a thriving world through the goodness of kiwifruit Zespri, the world’s largest kiwifruit marketer with over $2.5 billion in revenue announced the establishment of an innovation funding initiative, known as ZAG. Powered by its purpose – to help people, communities and the environment around the world thrive[Read More…]
Afreximbank announces $2Bn for food security initiative in Africa
The initiative is intended to help address food insecurity in Africa, which includes a nearly 20 per cent hunger rate, by reducing dependence on other regions for much-needed food commodities The African Export-Import Bank (Afreximbank) in Cairo, entered into a framework agreement for the Export Agriculture for Food Security (ExAFS)[Read More…]
Yili reports record high revenue $13.32 billion during three quarters
These record-high figures indicate a continuous improvement in Yili’s core business capabilities China’s Yili Group released its financial results for the first three-quarters of FY2023. During the reporting period, the company’s revenue amounted to 97.404 billion yuan ($13.32 billion) and net profit rose by 16.36 per cent. These record-high figures indicate a continuous improvement in Yili’s[Read More…]
Saudi-based Tanmiah Food Company’s revenue up by 21% in 9 months
Strategic partnership with MHP SE, with investments surpassing SAR 200 million, and MoU with Vibra Agroindustrial S.A., targeted towards enhancing food security in the country Saudi Arabia-based Tanmiah Food Company, a market-leading provider of fresh and processed poultry and other meat products, animal feed and health products, and a foods[Read More…]
Britannia registers strong profit growth in Q2’24
The sales growth over last year is 1 per cent, the 24-month growth is 23 per cent. Britannia’s Operating Profit stood at Rs 801 Crs, growing 21 per cent over last year, with the 24-month growth at 58 per cent Britannia’s Consolidated Sales for the Quarter ended 30th September 2023[Read More…]
TCPL earns Rs359 crore net revenue in Q2, revenue up by 11%
Starbucks, the globally renowned beverage brand owned by Tata, reported a robust revenue growth of 14 per cent for the quarter Tata Consumer Products Ltd. (TCPL) recorded a net profit of INR 359.18 crore for Q2 FY23. The company’s net revenue grew by 11 per cent YoY to INR 3,734[Read More…]
Breakthrough Victoria to invest in Australia’s Eden Brew animal-free dairy
Breakthrough Victoria’s investment is part of a $24.4 million Series A investment round, which includes Main Sequence Ventures, Orkla, Digitalis Ventures, Possible Ventures and Radar Ventures Breakthrough Victoria will invest up to $6 million in animal-free dairy company Eden Brew’s Series A round. Eden Brew was established in 2021 as[Read More…]
