Tag: Nigeria

FrieslandCampina WAMCO gets closer to Nigeria dairy farmers with opening of new collection center

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NIGERIA – FrieslandCampina WAMCO Nigeria, an affiliate of Royal FrieslandCampina in the Netherlands, has opened a new milk collection center in the South West of Nigeria on the campus of Bowen University. This was revealed by Jeroen Elfers, Corporate Director Dairy Development & Milk Streams at FrieslandCampina on a LinkedIn post, indicating that the institution of higher learning is also building a dairy farm for training purposes. The university dairy farm will also deliver its milk to the Nigerian dairy processing company, as part of its sustainable dairy value chain…

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Arla to invest in new modern dairy farm in Nigeria to boost milk production

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NIGERIA – Arla Foods, one of the largest dairy cooperatives in Europe, has announced plans to build a new commercial dairy farm in Northern Nigeria, in an effort to support local milk production in the country.  Located in Kaduna State, the 200-hectare farm will house 400 dairy cows, modern milking parlours and technology, grassland, as well as living facilities for 25 employees. The dairy cooperative has said it will train and support up to 1,000 local dairy farmers to improve milk yields and quality, animal welfare and farm profitability. The…

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Honeywell Flour Mills drives affordability of spaghetti in Nigeria with launch of new mini-pack

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NIGERIA – Leading wheat-based products manufacturer in Nigeria, Honeywell Flour Mills Plc, has launched its new spaghetti mini pack as part of efforts to develop pocket-friendly products to customers. According to the company, the launch of Honeywell Spaghetti Mini was based on extensive research and insight into the Nigerian consumer behaviour which highlighted a shift towards purchase of smaller pack sizes of commodities. The spaghetti mini 200 gm pack has a retail price of N100 (US$0.24), fulfilling the company’s drive for affordability. Commenting on the launch of the product, Managing…

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Nigerian online livestock platform Livestock247 launches cashless service to promote security in markets

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NIGERIA – Livestock247, Nigeria’s 1st online livestock platform utilized to undertake buying and selling of live livestock, processed meat and other livestock management services, is set to introduce a cashless rural livestock market. LivestockXpress will be launched in partnership with Zenith Bank Plc, aimed to offer a safe and secure platform to undertake livestock trading. The introduction of the new service follows the upsurge in criminal activities in Northern Nigeria, where livestock markets have become soft spots for insurgents, rural bandits, and kidnappers. The multi-billion Naira livestock trading business takes…

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SA, Nigeria and Kenya driving e-commerce volumes, demand of essential and nutritious food products in Sub-Saharan Africa

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AFRICA – South Africa, Nigeria and Kenya have been identified as the top market contributors to e-commerce in Sub-Saharan Africa (SSA) over the last three years, with Ghana also showing growth, having replaced Kenya in the top three contributors in 2020. This is according to a recent white paper released by Visa titled ‘eCommerce developments across Sub Saharan Africa, indicating that although SSA may be one of the smallest regions of e-commerce globally, it shows steady growth potential. During the onset of the pandemic in 2020, the region saw new…

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Honeywell Flour Mills boasts of 73% rise in full year profit attributed to operational efficiency

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NIGERIA – Leading flour milling company in Nigeria, Honeywell Flour Mills Plc has recorded an all-time high revenue of N109.5 billion (US$266.8m) in the year ended March 2021, reflecting a 36% jump over N80.4 billion (US$195.9m) posted in the previous year. The rise in earnings is attributed to increased production output and more efficient operational capabilities at its factories in Apapa, Sagamu and Ikeja. Despite the increase in production activities, challenges with forex and COVID-induced disruptions in global trade, affected the sourcing of raw and packaging materials leading to cost…

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Afreximbank boosts capacity of food safety compliance in Africa with establishment of first quality assurance centre in Nigeria

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NIGERIA – African Export-Import Bank (Afreximbank), a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade, has commenced the construction of an Africa Quality Assurance Centre (AQAC) in Ogun State, Nigeria. Construction of the state-of-the-art facility commenced on 25th February 2021 and is expected to kick-start operations by the second quarter of 2022. The Ogun State AQAC is strategically located on a 5-hectare plot of land allocated by the Ogun State Government along the Lagos-Ibadan Expressway. The project site is 65km from Lagos, Nigeria’s main port city…

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Nigerian Agritech startup Thrive Agric partners with USAID to launch US$10m project to support smallholder farmers

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NIGERIA – Thrive Agric, the Abuja-based agritech startup, has launched a one-year project that aims to support 50 000 smallholder farmers and will be supported and conducted in collaboration with the USAID-funded West Africa Trade & Investment Hub (Trade Hub). As part of its partnership with the Trade Hub, Thrive Agric has committed to raising at least US$10 million to fund this initiative while Trade Hub will invest US$1.75 million in grant form. The farmers to be supported are the ones that grow rice, maize, and soybean in Nigeria, as…

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Nigeria secures US$700m from IDA for water, sanitation project while French company Vergnet Hydro to rehabilitate 1,000 boreholes in Ivory Coast

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NIGERIA – The West African nations of Nigeria and Ivory Coast are currently ploughing in funds to finance water and sanitation projects in their communities. In Nigeria, the International Development Association (IDA), a subsidiary of the World Bank, has granted the region’s most populous country, a US$700 million loan for implementation of its Sustainable Urban and Rural Water Supply, Sanitation and Hygiene (Surwash) Programme. The loan will finance access to water, sanitation and hygiene (WASH) for 6 million people, mainly in rural areas and small towns. The World Bank funding…

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Flour Mills of Nigeria expands investment in Nigeria’s sugar industry as Shell Nigeria ventures into cassava processing

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NIGERIA – Flour Mills of Nigeria Plc (FMN), has announced the acquisition of 20,450 hectares of land in Nasarawa State, to boost the backward integration strategy (BIP) of the National Sugar Master Plan, as leading energy company, Shell Nigeria, inaugurates a multi-billion-naira cassava processing facility in Rivers State. The move by the integrated food business and agro-allied company, FMN, is part of its commitment to the overall growth strategy of the sugar industry in the country. This follows the company’s recent acquisition of an additional 5,200 hectares of land in…

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