IRELAND > USA based animal health group Phibro is set to create 150 jobs in Sligo, Ireland

Phibro logo Phibro, an animal health and mineral nutrition company, is set to create 150 jobs in Sligo, Ireland over the next five years. Phibro is headquartered in the US and it plans to establish a biotech facility producing a range of animal health vaccines at the IDA Business Park in Finisklin, Sligo, Ireland. Initially set to focus on producing Phibro’s vaccines More …

KAZAKHSTAN > IFC is set to invest $25 million in KazFoodProducts to boost agribusiness in Kazakhstan

IFC logo     IFC is set to invest $25 million in KazFoodProducts LLP. KazFoodProducts is a leading Kazakh food processing company that operates in grain milling and confectionary sectors. IFC also aim to boost Kazakhstan’s agricultural sector with the investment while also expanding the company’s expansion plan along with enhancing global food security. A company that processes and distributes flour, wheat More …

ETHIOPIA > Agrotop has signed a contract to develop one the largest poultry farms in Africa and the Middle East

Agrotop logo A global leading player in livestock turnkey projects, Agrotop has signed a contract to develop a large scale poultry integration project with Nutropia Poultry & Feed in Ethiopia. Nutropia will receive knowledge transfer and management services from Agrotop in which Agrotop will also design, build and equip the project. The headquarters of the farm is to be at Addis Ababa More …

UKRAINE > USA based IFC is set to invest $25 million in Nyva Pereyaslavshchyny, a leading Ukrainian pork producer

IFC logo A member of the World Bank Group, IFC is set to invest $25 million in a Ukrainian pork producer, Nyva Pereyaslavshchyny to support its expansion plans, helping create jobs, reduce imports, and boost sustainable agriculture. Providing Nyva with a long term debt financing, the investment is supporting a three year investment program which includes: construction of pig farms, expanded storage More …

RUSSIA > Germany based DMK Group is set to acquire 100% of Russia based RichArt Group

DMK logo Germany’s largest dairy cooperative, DMK Group is set to acquire the remaining 40% shares of Russia based IKAM Richart Holding GmbH which makes DMK the sole shareholder of the Russian cheese manufacturer RichArt Group . RichArt Group is based in the Voronezh region, Russia. According to Ingo Müller, CEO of the DMK Group: “In focusing our business and expanding further More …

BRAZIL > Switzerland based Syngenta is set to acquire Brazil based Strider

Syngenta logo   Strider, a Brazilian AgTech company is set to be acquired by Switzerland based Syngenta. Strider focuses on operational management solutions for farms. Financial terms of the transaction are not disclosed and the completion of the deal is subject to clearance by relevant merger- control authorities. An important player in the Latin American digital agriculture market, Strider acquisition will bring More …

ARGENTINA > IFC, Natixis and Rabobank have arranged a $295 million long- term pre-export financing package for agribusiness company Vincentin in Argentina

IFC logo For supporting the working capital needs for exports of oil seed, oil and sub products, Vincetin has received a $295 million long- term pre-export financing package from IFC, a member of the World Bank Group, Natixis and Rabobank. Having a strategic relationships with Vicentin for more than 20 years, IFC, Natixis and Rabobank have been providing financing, mobilizing resources and More …

NEPAL > World Bank and the Government of Nepal signed three financing agreements for $440 million to invest in the country’s post-earthquake housing reconstruction, livestock innovation, and technical education and vocational training

World bank logo For the country’s post-earthquake housing reconstruction, livestock innovation, technical education and vocational training, the Government of Nepal and the World Bank have singed three financing agreements for $440 million. According to World Bank Country Director for Bangladesh, Nepal and Bhutan, Qimiao Fan: “These three agreements are important for Nepal because they boost job creation, including for many women, by investing More …