Tag: Nigeria

Sahel Consulting champions development of Nigeria’s National Dairy Policy to foster sector growth

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NIGERIA – Sahel Consulting, a leading African agriculture platform in Nigeria has lent its input to the develop a National Dairy Policy prepared by the Federal Ministry of Agriculture, aimed to foster growth of the sector, boost local milk production and in turn discourage the importation of dairy products. Africa’s most populous country spends US$1.3 billion yearly on the importation of dairy products as the sector faces challenges that limit production of high-quality raw materials to produce dairy products. Muhammad Sabo Nanono, minister of Agriculture has further highlighted that over…

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Avian flu spreads across Nigeria causing US$1.3m worth of poultry loss in Kano State

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NIGERIA – The highly pathogenic Avian Influenza H5N1 has wreaked havoc in Nigeria with cases of rampant out-breaks reported in Kano State, registering a loss of over N500 million (US$1.3m) worth of poultry. According to the Kano State branch of the Poultry Farmers Association of Nigeria, 223,695 chicken have been confirmed affected and depopulated, noting that each of the chicken costs not less than N1,800, and the amount of the loss is over N402 million (US$1.05m). The Chairman of the association, Mr. Umar Kibiya Usman, highlighted that there are thousands…

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Nigeria’s Eat’N’Go extend footprint across Africa, enters Kenyan market

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NIGERIA – Eat’N’Go limited, Nigeria’s master franchisee for Domino’s Pizza, Cold Stone Creamery, and Pinkberry Gourmet Frozen Yoghurt has announced its expansion into the East African market. The leading Quick Service Restaurant operator in the West African country, has successfully acquired the franchisee which operated Cold Stone Creamery and Domino’s Pizza in Kenya. Om Nom Nom Ltd, the master franchise holder of Domino’s Pizza and Cold Stone Creamery in Kenya, opened its first store in 2014 in a market with leading brands like Pizza Hut, Pizza Inn and Debonairs, among…

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Cadbury Nigeria reports 10% decline in full year revenue while Unilever Nigeria registers 2% top-line growth

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NIGERIA – Cadbury Nigeria, subsidiary of snack and confectionery firm Mondelez International has reported a 10% decline in full year revenue for the period ended December 2020, to N35.41 billion (US$86.5m). The decline, according to Naira Metrics was occasioned by the decrease in domestic and export sales, spearheaded by the impact of COVID-19, which further affected its profits. The maker of hot chocolate beverage suffered an 83% decline in profit to N172.67 million (US$422,000). Cadbury’s profitability thrives on high volume and high revenue as FMCG profit margins are usually rather…

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Senegalese food-tech startup LADC, Nigerian digital food cooperative Pricepally get funding

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WEST AFRICA – Senegalese food-tech startup Les Ateliers de Corinne (LADC), has secured an undisclosed amount of funding from WIC Capital, as Nigerian group-buying platform Pricepally undertakes pre-seed funding round. Launched in 2014 by Corinne Erambert, LADC specializes in digital culinary marketing, organization of cooking workshops and cake design. The investment will enable the Dakar based company to scale up by financing the acquisition of professional equipment, the recruitment of a professional team and the installation into new premises. “I am delighted with this partnership which reinforces the image and…

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Nestle streamlines Nigeria’s local grain supply chain, partners with IDH, TechnoServe

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NIGERIA – The COVID-19 pandemic disrupted global shipping, highlighting the importance of local supply chains. To this end Nestlé has partnered with, IDH the Sustainable Trade Initiative, and TechnoServe to launch Developing Inclusive Grain Value Chains project, aimed to create a more inclusive and transparent sourcing of maize, soybeans, millet, and sorghum for its operations in Nigeria. The project is expected to improve the incomes of 5,000 smallholder farmers and increase the sales of the six aggregator SMEs by at least 10%. Incorporating smallholders into a value chain like Nestlé’s…

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Fast growing Nigerian beverage maker Rite Foods drags NBC to court over alleged trademark infringement

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NIGERIA – Rite Foods, a fast-rising indigenous food and beverage company in Nigeria has taken to court giant beverage maker Nigerian Bottling Company (NBC), over allegedly infringing on its trademark. According to the maker of the famous Bigi brand, NBC’s Predator Energy drink logo and brand share a resemblance with its own Fearless drink, which had existed for three years before NBC began to produce Predator, reports Guardian Nigeria. The plaintiff, Rite Foods Limited, has filed for an interim injunction against the defendant, NBC, restraining it from further promoting or…

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Food inflation rate in Nigeria swell to 15 year high impacted by border closure, COVID-19

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NIGERIA – Nigeria’s food inflation rate surged to 21.79% in February 2021, which is the highest rate recorded in the country since October 2005. The February 2021 CPI and Inflation Report as released by the National Bureau of Statistics (NBS) revealed that the rise in the food index was caused by increases recorded in the prices of bread and cereals, potatoes, yams, and other tubers. Also, the increase in the prices of meat, food products, fruits, oil, and fats, vegetables, and fish contributed to the recorded spike in the food…

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Dangote Sugar shuts operations at Niger State over community wrangles

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NIGERIA – The Dangote Sugar Refinery (DSR) Plc has put a stop to its Backward Integration Project (BIP) in Niger State which was undertaken in collaboration with the state government, due to land acquisition dispute. The joint venture, Dangote Niger Sugar Limited is one of the BIP’s established by the leading sugar miller, alongside Savannah Sugar Company in Numan Adamawa State, Tau Sugar Project in Taraba State and Tunga Sugar Project in Nasarawa State. The initiative is a 10-year sugar development plan aimed to produce 1.5 million metric tonnes per…

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On-demand mobility platform Bolt expands food delivery services to Nigeria

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NIGERIA – Bolt, an Estonian ride-hailing company is venturing into the food delivery business in Nigeria, bringing competition to the door step of companies like Jumia Foods and GoKada. This was made known as a job position advertisement on the company’s website stating, “We are launching our new food delivery service and we are looking for a Restaurant Sales Manager who can help in establishing partnerships with local businesses.” Since the onset of the COVID-19 pandemic, many businesses have ventured into or expanded their food delivery services in Nigeria. Gokada…

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