Latest Insights

Interview: Ambitious Arla stays patient in Africa 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 JV 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.


Focus: 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

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.


News of week - Promasidor, TreeHouse, Dean Foods 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.


PepsiCo, Ajinomoto 'eyeing Promasidor stake' 2 Nov 2016

PepsiCo and Ajinomoto are reportedly among the bidders aiming to take a stake in African dairy company Promasidor. 


Ajinomoto, Toyo Suisan Kaisha end Nigeria venture 18 Oct 2016

Japanese food groups Ajinomoto and Toyo Suisan Kaisha are ending their joint venture in Nigeria.


Arla Foods to help Nigeria's dairy development 23 Aug 2016

Arla Foods has signed a deal with Nigeria's federal government to help develop the country's dairy sector.


Beloxxi investors eye expansion across Africa 18 Aug 2016

8 Miles, the UK-based, Africa-focused private-equity firm chaired by Sir Bob Geldof, believes its latest investment, Nigerian biscuit firm Beloxxi, can expand further across the continent.


Geldof PE firm invests in Nigeria's Beloxxi 16 Aug 2016

Nigerian cracker maker Beloxxi is to expand production backed by an US$80m package of support from international investors including Germany's government-owned development bank KfW and a private-equity firm chaired by Sir Bob Geldof.