Company Invests In Zayith Yoghurt To Expand Dairy Operations Across Nigeria
Triple I, A Netherlands-headquartered Investment Company focused on empowering small and medium-sized businesses in Sub-Saharan Africa and Southeast Asia, has revealed collaboration with Zayith Foods Limited to expand dairy operations throughout Nigeria. The partnership is geared towards augmenting Zayith’s capabilities in yoghurt processing and distribution
According to the company release, Bram Boogaerdt’t Hooft, the Director of Triple I, underscored the organisation’s commitment to assisting entrepreneurs in unlocking their complete business capabilities and fostering a beneficial societal influence.
He highlighted Triple I’s commitment to providing tailored, flexible, and cost-effective financial products, coupled with a profound understanding of local contexts and continuous engagement with portfolio companies.
According to the statement the Chief Executive Officer, Zayith Food Company, Uzoma expressed enthusiasm about the investment, stating that it would facilitate Zayith’s expansion throughout Nigeria, enabling the company to offer affordable and high-quality dairy products nationally.
She emphasised Triple I’s suitability as a partner aligned with Zayith’s mission to provide healthy food products across Nigeria.
This marks Triple I’s fourth investment in the Nigerian Agribusiness sector, following previous investments in So Fresh Neighbourhood Farm Limited, Abod Success (Executive Choice cashew nuts), and Kennie-O Cold Chain Logistics.
Bram, the Investment Director highlighted Triple I’s continued belief in Nigerian entrepreneurs and the firm’s commitment to providing funding to businesses that often struggle to access financial support.
He said: “These investments serve as crucial avenues to reach low-income individuals and contribute to economic inclusivity. The collaboration between Triple I and Zayith Foods Limited signifies a positive step forward for the agribusiness sector in Nigeria.”
