McCormick & Company has agreed to combine with Unilever's food division in a Reverse Morris Trust transaction valued at $44.8 billion. The deal creates a flavor entity with $20 billion in annual revenues while transitioning Unilever into a pure-play consumer care business.
The African Development Bank Group has approved a $15 million equity investment in SPE PEF III, a private equity fund targeting growth-stage companies in North Africa and select sub-Saharan markets. The fund focuses on manufacturing, business services, and human capital sectors, aligning with the Bank's strategic priorities.
2 weeks ago • Africa
A EUR 2 million grant from the European Union and Germany will establish an ISO-accredited testing facility in Cambodia. The laboratory is designed to help local agri-businesses meet international safety standards, facilitating broader access to high-end global markets.
2 weeks ago • Cambodia
The Asian Development Bank (ADB) has expanded its regional food security commitment to $40 billion through 2030 after exceeding its initial $14 billion target. The revised strategy transitions from traditional aid toward integrated food system solutions, prioritizing climate resilience, private sector involvement, and digital advisory services for millions of smallholder farmers.
2 weeks ago • Asia Pacific
Swiggy introduced a new ‘No Added Sugar’ category on its platform, aimed at helping health-conscious users make mindful food choices with ease. The category currently features over 1.5 lakh items from more than 50,000 restaurants across 10 major cities, with plans for expansion.
2 weeks ago • India
Gujarat Industrial Development Corporation will develop a 35-hectare Agro Food Park in Chhapra village, Rajkot, to strengthen the state’s food processing value chain. The project aims to attract investment, improve logistics integration, and provide core infrastructure to support agro-based manufacturing and exports.
2 weeks ago • India
Bangladesh has made its first appearance at AgroFood Jeddah to expand exports beyond garments and tap Saudi Arabia’s growing food import demand. The participation marks a strategic push to diversify trade flows and leverage the Kingdom’s large Bangladeshi expatriate population.
2 weeks ago • Saudi ArabiaThe European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.
The U.S. Army Corps of Engineers has awarded a $113.8 million contract to J.F. Brennan Company for leading-edge invasive carp deterrents as part of the Brandon Road Interbasin Project in Illinois. The award completes Increment I of the ecosystem restoration effort.
CoreMarine and Jumbo Offshore have secured a contract from Southern Energy S.A. to transport, install, and hook up soft-yoke mooring systems for two FLNG vessels in Golfo San Matías. The project supports Argentina’s gas export expansion, with installations scheduled for 2027 and 2028.
NASA has selected Development Seed for a $76 million indefinite-delivery/indefinite-quantity contract to provide R&D services to the Office of Data Science and Informatics at Marshall Space Flight Center. The contract includes a two-year base period with three one-year options through June 2031.