EGYPT – Egyptian food-tech startup, Mumm has closed a pre-Series A bridge funding round from Alexandria Angels to maintain its growth during and beyond the COVID-19 crisis. Founded by Waleed Abd El Rahman in 2015, Mumm is an online marketplace that delivers homemade food to individual customers as well as businesses.

Transmara Sugar Company plans to produce 25 megawatt (MW) of electricity at its Kilgoris factory for which it is negotiating approval to generate and supply with regulators. The miller, a subsidiary of Mauritian sugar producer Alteo, plans to invest Sh4.7 billion ($45 million) in the bagasse — the crushed cane

Phatisa Food Fund 2 (PFF 2) and a group of co-investors – Norfund, Mbuyu Capital and DEG – have acquired integrated agricultural solutions provider Farming and Engineering Services (FES). The consortium bought the FES stake held by Phatisa’s inaugural food fund (African Agriculture Fund) while the company’s management maintained their

Dar es Salaam — The use of improved variety of sunflower seeds has lifted production, thus renewing hopes that Tanzania will soon become independent in production of cooking oil, a new study has shown. Tanzania imports about 60 percent of its cooking oil requirements, spending up to $250 million in

Rabat – The export operations of  Moroccan agricultural and fisheries products continue to run normally, despite the COVID-19 crisis, a press release from Morocco’s Ministry of Agriculture stated on April 17. The supply of the national market is also regular and follows strict safety and hygiene measures in the packaging and processing units,

EGYPT – The board of directors of Cairo Poultry Company, subsidiary of the Americana group, have approved the final offer submitted by Cairo 3A to acquire its stake in the Egyptian Starch and Glucose Company (ESGC). ESGC is a public traded company, whose major shareholders are the Americana Group, leading Restaurants

By 2025, the planet will have a population of over 8.1 billion people. If we were to imagine that number in an easily consumable unit such as donuts, we would have enough donuts to form a chain so long that it would wrap around Earth’s equator 20 times. Unfortunately, that