Founders of a leading cocoa processing company with presence in Ghana and Germany have established a business in Nigeria to replicate their success in the Ghanaian cocoa industry. The newly established entity will bring together the fragmented smaller producers in Nigeria who are mostly stagnant, or loss making and consolidate them to form a new scale operator with improved efficiency, standards, and outcomes to the smallholder farmers.
Ash Biomedical Diagnostics Limited (ABD) was founded to address the growing demand for pharmaceutical supplies, diagnostic equipment, and health care related services in Nigeria. ABD’s services focus on disease control by providing point of care testing, and protective personal equipment (PPE) for healthcare workers.
Promasidor Nigeria Ltd (PNG) manufactures various dairy products, beverages, cereals, and culinary products including well-known brands such as Cowbell milk, Loya milk, Miksi, Kremela, Sunvita Cereal, Onga seasoning and Top Tea beverages. Alongside Nigeria, the products are supplied to export markets including Benin, Niger, Chad and the Central African Republic.
Metro Africa Xpress Inc. (MAX NG) was founded in 2015 to connect drivers in the 2,3 and 4- wheel categories to credit customers, and Original Equipment Manufacturers (OEM) services. The company started out as a motorcycle-based logistics service before adding passenger transportation services in 2017 becoming one of the pioneers of bike hailing in Nigeria.
Manufacturing Africa aims to reduce poverty in Africa by attracting £1.2 billion of foreign direct investment into manufacturing and creating 90,000 jobs over 7 years (2019-2026). The programme is funded by the UK government through the Foreign, Commonwealth & Development Office (FCDO). Nigeria is the largest economy in Sub-Saharan Africa with a significant manufacturing base.
When working with companies that want to transition to a new value proposition, understanding that vision is critical when delivering support. In LADOL’s case, when conducting the comparative benchmark analysis, the team had to look beyond traditional offshore logistics zone and include regional zones that are involved in supporting broad based industrial activity.
MA support focused on determining what is required to scale local assembly and manufacturing of SHS, developing a roadmap with actions for government to scale local manufacturing, identifying specific companies and transactions that MA can support through TF, and supporting the government to develop incentives where necessary to encourage companies to invest.
