November 15, 2023 | Africa

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…

November 7, 2023 | China

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…

November 7, 2023 | Company News

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,…

November 3, 2023 | Company News

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…

November 2, 2023 | Beverages

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…

October 13, 2023 | Australia

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…

October 11, 2023 | Africa

IFC and OCP launch an agri-finance platform for sustainable food systems

The new platform will build and support sustainable food production and distribution systems in Africa IFC and OCP Group, the world’s largest phosphate-based fertiliser producer launched an agri-finance platform to…

October 10, 2023 | Company News

Wanda Fish raises $7M in seed funding for pilot production of cultivated bluefin tuna

Netherlands-based aquaculture investment fund Aqua-Spark led the round, joined by additional investors The Kitchen Hub, Peregrine Ventures, PICO Venture Partners, MOREVC, and CPT Capital Israel-based FoodTech start-up Wanda Fish Technologies, Ltd.,…

August 29, 2023 | Beverages

Aboitiz Equity Ventures to acquire Coca-Cola Philippines

The proposed deal will strengthen CCEP’s global presence as the largest Coca-Cola bottler in terms of revenue and volume, following its recent expansion into Australia, Pacific & Indonesia Coca-Cola Europacific…

August 25, 2023 | Company News

Subway announces sale to Roark Capital

The transaction combines Subway’s global presence and brand strength with Roark’s deep expertise in restaurant and franchise businesses Subway announced that it has entered into a definitive agreement to be acquired…