Agribusiness
Dufil Prima Foods seeks to modernise to rival Flour Mills, Nestlé…

Dufil Prima Foods seeks to modernise to rival Flour Mills, Nestlé…

Two years after taking over one of the Nigerian billionaire’s subsidiaries, one of the national agri-food industry leaders is pushing ahead with its conquest of the domestic market. To this end, it is looking for financial backing from the U.S. government agency OPIC.

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            ▪ Dufil Prima Foods seeks to modernise to rival Flour Mills, Nestlé…

▪ Two years after taking over one of the Nigerian billionaire’s subsidiaries, one of the national agri-food industry leaders is pushing ahead with its conquest of the domestic market. To this end, it is looking for financial backing from the U.S. government agency OPIC.

http://www.jeuneafriquebusinessplus.com/en/798885/dufil-prima-foods-seeks-to-modernise-to-rival-flour-mills-nestle/

30/09/2019 at 17h54, by Jeune Afrique Business+

Dufil Prima Foods – the holding behind De-United Foods Industries Limited, owner of the Indomie noodles brand – is expecting a $37.5m boost from the Overseas Private Investment Corporation. In addition to U.S. support, the firm and its CEO Deepak Singhal hope to attract additional external financing to reach a total of $50m.

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