Latest Insights

Ambitious Arla remains patient with Africa - interview 14 Jun 2017

With the consumption of dairy products in western countries stagnant, the world's largest processors are ramping up investment in emerging markets. European dairy giant Arla Foods is still targeting growth in countries like the UK and Germany through investment in value-added innovation but it is increasingly investing in markets like China and Nigeria. Both feature in Arla's list of priority markets, drawn up in 2015 as part of the cooperative's Strategy 2020 business plan. Arla's executive vice-president of international operations, Tim Orting Jorgensen, talks to John Shepherd about the company's recent moves in Nigeria and how, despite the country's recent economic problems, the market is a springboard for the co-op's ambitions in the wider region.

Kellogg eyes long-term benefits of Africa investment 17 Sep 2015

US cereal giant Kellogg announced earlier this week it has entered into a joint venture agreement to step up its presence in Africa. Kellogg has partnered with Tolaram Africa, the local arm of Singapore-based conglomerate Tolaram Group. While the deal will not provide an immediate lift for Kellogg's struggling sales, it positions the company for long-term growth in a region of increasing importance for consumer goods companies. Katy Askew reports.

BRICs and beyond: Olam highlights Nigeria's potential 27 Jun 2012

Olam International's acquisition of Nigerian dairy group Kayass highlights the growing investment in the country. The move contributes to Olam's increasing presence in the Nigerian packaged food industry and the agribusiness giant intends to expand its food production base in the country further.

Latest News

Coca-Cola finalises acquisition of Nigerian firm Chi 31 Jan 2019

Coca-Cola Co. has finalised the purchase of a business in Nigeria manufacturing soft drinks and "value-added dairy beverages".

Coca-Cola on-track to buy Nigerian dairy firm Chi outright 21 Sep 2018

The Coca-Cola Co. has confirmed it is set to complete a 100% takeover of Nigerian dairy and soft drinks business Chi within the next six months.

Kellogg exercises option for stake in joint venture Tolaram Africa Foods 4 May 2018

Kellogg is investing US$420m to boost its interest in a joint venture with packaged foods manufacturer Tolaram Africa Foods as the US-based firm seeks a bigger contribution to growth from emerging markets.

PZ Cussons puts Nutricima milk business under review amid Nigeria constraints 16 Mar 2018

PZ Cussons is reviewing its Nutricima milk business in Nigeria amid ''intense competition''.

Dangote sells batch of assets to De United Foods Industries 16 Nov 2017

Nigerian food company Dangote Flour Mills has struck a deal to sell parts of its noodle business to local peer De United Foods Industries.

Nestle mulling new investments in Nigeria 30 May 2017

Nestle has confirmed it is considering proposals to boost sales in Nigeria by stepping up investment in its production and distribution networks in the country.

Nigeria looks to boost local dairy industry 2 Dec 2016

The government of Nigeria has signed a memorandum of understanding with local dairy company L&Z Integrated Dairy Farms in a bid to "develop" the local dairy sector by modernising practices employed by travelling Fulani herdsmen. 

Ajinomoto acquires stake in Africa's Promasidor 9 Nov 2016

Japanese food group Ajinomoto has acquired a 33.33% stake in pan-African food group Promasidor Holdings for US$531m. 

Nigerian tomato plant to axe jobs in move to China 7 Nov 2016

The head of Nigeria's Erisco Foods has announced plans to relocate the firm's tomato paste manufacturing plant from Oregun, Lagos State, to China with the loss of 1,500 staff – in a move blamed on the economic policies of Nigeria's government.

Food market news of the week - M&A talk over Africa's Promasidor, TreeHouse Foods' woes, Dean Foods subject of Chinese takeover rumours 4 Nov 2016

The M&A rumour mill was whirring this week, with PepsiCo and Ajinomoto linked to interest in buying a stake in African business Promasidor, while Dean Foods was said to be on the radar of China's Hangzhou Wahaha Group. In the UK, an industry conference in London discussed the possible impact Brexit could have on the sector and Muller announced plans to close a local dairy plant. And in the US, Lancaster Colony snapped is to buy bakery firm Angelic Bakehouse and TreeHouse Foods' challenge with the assets it acquired from ConAgra Foods was laid bare in the company's third-quarter results.