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.
Someone shares this article with you
▪ 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.
▪ https://www.africabusinessplus.com/en/798885/dufil-prima-foods-seeks-to-modernise-to-rival-flour-mills-nestle/
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.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Consumer goods & Retail
01/09/2022 at 16h48, by Africa Business+
Nestlé increases stake in Egyptian table water subsidiary
More on this from Africa Business+.
Large-scale distribution
17/03/2022 at 17h22, by Africa Business+
Aboubacar Coulibaly appointed managing director of Nestlé Cameroon
The Senegalese doctor will take up his post on 1 April.
Agri-food industry
08/02/2022 at 18h39, by Africa Business+
Nestlé’s team behind €1.2 billion cocoa farmer support programme
An old hand at the Vevey-based group, Darrell High oversees the sustainable cocoa sector and is coordinating...
Agri-food industry
26/01/2021 at 16h51, by Africa Business+
The New Practice advises Flour Mills Nigeria on $183 million fund raising
The Lagos-based firm has renewed its cooperation with the Nigerian food giant, which has come to bail...
Agri-food industry
06/09/2020 at 08h20, by Estelle Maussion, updated 11/09/2020
Behind the scenes at Nestlé in Africa
Mauricio Alarcon took the reins as head of Nestlé’s Central and West Africa division on 1 September....
Agri-food industry
21/05/2020 at 17h53, by Africa Business+, updated 28/05/2020
Nestlé holds steady in sub-Saharan Africa despite Covid-19
In addition to focusing its efforts on continuing production, the global food giant is helping to combat...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.