December 1st to 3rd  2020,  Landmark Centre in Lagos, Nigeria  +44 (0) 2476 158099

news

news

Soft Drinks Industry Likely to Grow 15% in 2019

The Nigerian soft drinks industry is on a growth path after experiencing declines in the last few years, said Mr Chinedum Okereke, Managing Director of La Casera Company, one of the leading players in the sector.

Okereke disclosed this recently in a wide ranging interview with the media covering the performance of the sector and his company’s activities over the last year as well as projections through 2019.

The veteran of the drinks industry with 28 years’ experience said that the sector witnessed a 9% growth in 2018 after posting declines in 2016 and 2017. According to him, 2019 is projected to grow about 15% if the socio-political and macroeconomic environment remains positive.

In terms of trends, the MD said the industry is witnessing a marked shift to PET bottles from the traditional returnable glass bottles (RGBs) which has been a fixture in the industry for the past 60 years.

According to Okereke, La Casera Apple drink, the company’s flagship brand had a good run in 2018, with a slow and steady improvement in market share, adding that its second brand, Smoov Chapman is also becoming a household name.

To read more – Click Here

Source – Beverage Industry News, April 2019

news

Nigeria spends $60m annually on fish imports

Nigeria spends $60m on the importation of fish annually, the Minister of Agriculture, Chief Audu Ogbeh, has said.

Ogbeh said this when he received a delegation of private investors from The Netherlands in his office, according to a statement issued on Thursday by Mrs Oluwakemi Ogunmakinwa.

The minister also asked the delegation led by the Ambassador of The Netherlands to Nigeria, Marion Kappeyne, to assist the country in cattle breeding.

Ogbeh declared the readiness of the Federal Government to collaborate with the Government of The Netherlands on improved seeds/seedlings in order to boost agricultural production in the country.

He commended the government of The Netherlands for its numerous support to Nigeria towards the development of agriculture, adding that Nigeria looked forward to further high-level engagements with The Netherlands especially on improved seeds.

The minister explained that aside from the need for improved seeds, the Nigerian government would further require the support of the government of The Netherlands in the areas of research and aquaculture.

He stated that the ministry in collaboration with the Ministry of Interior had set up Agro Rangers to provide security for Nigerian farmers as part of government’s commitment to creating an enabling environment for both public and private sectors in the nation’s agricultural sector.

To read more – Click Here

Source – Punch, March 2019

news

Nigeria Soon to be World’s Food Basket – Osinbajo

Vice-President, Yemi Osinbajo has claimed that Nigeria is now the food basket of the world.

Speaking at the Nigerian-German Investment Dialogue in Berlin, Germany, Osinbajo said Nigeria is a leading investment destination for potential and serious investors.

According to him, “He said consumer spending in Africa was $1.4 trillion by 2015, with Nigeria, Egypt and South Africa accounting for more than half of that total,” Osinbajo said. There is also increasing economic opportunities in Nigeria because of deliberate actions by our government to diversify the economy and improve the business environment.”

“It is encouraging that there are significant economic ties between Nigeria and Germany. Germany is a significant exporter to Nigeria, which is its second largest trading partner in Africa. Recent reports show that German investment in Nigeria contributes as much as $1 billion in turnover annually. This is good, but we must agree that there is scope for even deeper collaboration given that Nigeria’s GDP is close to $500bn. Today we produce locally 10 million metric tonnes of paddy rice annually. And we are importing only two percent of our rice consumption now,” Osinbajo said.

“Investments in milling capacity has risen astronomically since then, with one investor putting a million tonnes of milling capacity into the market.

“Carlos Farms, a Mexican fruit and vegetable investor, had initially planned to grow bananas and pineapples for export; until he discovered that he was making more money selling his bananas locally at $3 dollars a kilogramme, for what he would have been paid only a dollar per kg in Europe. With a substantial percentage of the world’s arable land and over half of that uncultivated, it is becoming clearer that the world will be looking to Africa, and Nigeria in particular, as its food basket.

“Just to take China’s demand alone, China has 27% of the world’s population, but only 7% of the world’s arable land for agriculture. China needs 2 million tonnes of hybrid Soya beans per annum for livestock feed and vegetable oil. But we have not met that demand.”

“We are also diversifying within oil, while adding that Nigeria is already exporting urea since it is producing more than enough for its domestic needs and in the very near future.

“In the service sector, about 1.8 million international travellers spend two nights on average at Nigeria’s estimated 10,000 hotel rooms yearly. This generated about US$210 million in revenue for the industry in 2017, which barely reflects on Nigeria’s US$500 billion GDP size. Nigeria’s hotel industry alone is projected to grow by double digits by 2020, as the sector bounces back post-recession to one of the fastest growing in the world, and the possibilities for investors is significant.”

For more information regarding the Nigerian market, Click Here

To read more Click Here

Source: Daily Post, December 2018

news

Rise of Shopping Malls

Crave for quality and shopping experience in serene environments appear to be driving Nigerian consumers towards patronage of various shopping malls across the country.

Following the opening of more departmental stores in major Nigerian cities, especially; Lagos, Abuja, Ibadan, Port Harcourt and Kano, the markets are experiencing new purchasing trends as large number of consumers seem to have started readjusting to the new regime with little regard for open market.

While Miniso, Spar, Shoprite and Justrite are some of the leading retailers in Lagos, shoppers in Ibadan have FoodCo, a 38-year-old supermarket brand and Shoprite to contend with in the Africa second largest city. In Abuja, Kano, and Port Harcourt, Shoprite is though a dominance brand; it has many stores, especially Spar to slug it out with.

When Ikeja City Mall was established few years ago, there were mixed feelings on whether the environment was ready for such innovation.

But barely a month after it began operation, the impression changed as the mall suddenly became a Mecca of sort for shoppers.
Reports from Ilorin, Akure, Enugu where malls were recently inaugurated, have also indicated that Shoprite; a major tenant in the cities now realises between N100 million and N150 million sales on daily basis. This is not different from what the operators of similar malls in Port Harcourt and Calabar are experiencing on daily basis.

To read more Click Here

Source: This Day, November 2018

news

Sporting Success for Nestlé Nigeria at FMCG Games

Nestlé Nigeria has emerged overall Champions of the just concluded Fast Moving Consumer Goods (FMCG) Games. This is the first time Nestlé Nigeria has emerged as both Football and Overall Champions of the Nigeria FMCG Games. Officials of Media Vision Limited, organizers of the games, presented the plaque to the winners in Lagos on Wednesday.

The excitement was palpable as the champions were celebrated and decorated. According to a statement by Media Vision, Nestlé’s dominance at the Nigeria FMCG Games reached new heights as the team hauled in 9 Gold medals, 9 Silver medals, and 4 Bronze medals, inclusive of the Football Gold.

Commenting at the ceremony, Jimmy Sogbesan, Chief Operating Officer of Media Vision Limited, said “FMCG games is an opportunity to drive employee engagement and team building. I would like to commend your team for their conduct on and off the pitch.”

To read more Click Here

Source: Nestle, October 2018

 

news

Nigerians Drinking Less of Heineken’s 62 Billion Litres of Beer

Nigerians are now drinking less of Heineken Beer with the second largest brewer in the World recording less sales in Nigeria and Congo amid significant rise in sales in other regions.

Nigeria is said to be a major market, comparable to Russia, Brazil, South Africa and France, were sales of the beer were said to have increased by 9 per cent.

Heineken  increased beer sales in all four of its global regions in the third quarter and said it stuck to its full-year outlook.

The Dutch maker of Heineken, Europe’s top-selling lager, as well as Tiger, Sol and Strongbow cider, said on Wednesday its consolidated beer volumes rose by 4.6 percent year-on-year to 62.6 million hectoliters (6.2 billion litres).

To read more Click Here

Source: NAN, October 2018

news, news and events

Meet the FAB team at SIAL

The Food and Beverage West Africa exhibition in Lagos is back and will be taking place in Nigeria for two days from the 18th – 20th of June 2019.

The international food exhibition will host over 120 food and beverage companies both internationally and locally and host over 4,000 attendees consisting of local importers, distributors, retailers, manufacturers, hospitality and other industries.

As part of preparations for the two-day event, the Food and Beverage West Africa team, will be at the upcoming SIAL exhibition in Paris and will love to meet any interested exhibitors on the 21st – 25th October 2018 which are the SIAL Paris dates.

SIAL Paris aims to inspire food businesses and seeks to be a big source of inspiration for the world’s food industry. At the expo, more than 7,020 companies from more than 109 countries will be presenting their products ranging from food products, ingredients, equipment’s etc. If you are seeking ideas, there will spotlight on a host of innovative food products here.

This is equally an opportunity for food and beverage distributors seeking to import food to Nigeria, seeking retailing partners in Nigeria be it drink importers, retailers, FMCG distributors, food and beverage wholesalers, and general enthusiasts of the food and beverage industry in Nigeria to meet with the Food and Beverage West Africa team to discuss and get to know more about the upcoming food exhibition in Nigeria.

We look forward to meeting with you all at SIAL Paris.

news

Middle East & Africa Fermented Ingredient Market

The Middle East & African fermented ingredient market is expected to grow at a rate of 5.2% during the forecast period, 2018 to 2023. In the Middle East & African region, the fermented ingredient market is still at its development stage and is expected to witness an increasing demand for fermented ingredients, as consumers are becoming more health conscious, willing to switch to preventive healthcare solutions, due to the rising healthcare cost in the region. Extensive investments by key players in the research and development of fermented food and beverage products have been in progress for several years. This is driving the fermented ingredient market growth in the Middle East & Africa.

To read more visit: www.mordorintelligence.com/industry-reports/middle-east-africa-fermented-ingredient-market 

Source: Mordor Intelligence – September 2018

 

news

Youth Empowered Kicks off in Kaduna

Coco-Cola hosts ‘Youth Empowered’ in Kaduna: Coca-Cola Hellenic Bottling Company has hosted the 3rd Quarter edition of ‘Youth Empowered’ in Kaduna, Nigeria, with over 1,000 youths in attendance. ‘Youth Empowered’ is the company’s training platform “designed to help youth discover themselves, understand their strengths and developmental opportunities, as well as provide them a platform for meaningful interaction with business leaders and mentors.”

The third edition of Youth Empowered  kicked off in Kaduna on August 14 and ran through till August 16, 2018. We had the special honour of welcoming the Governor of Kaduna state, represented by his Deputy, Mr. Bala Bantex, at the programme.

To read more visit: https://ng.coca-colahellenic.com/en/news-and-media/news/youth-empowered-kicks-off-in-kaduna/ 

Source: Coca-Cola Hellenic Bottling Company – September 2018

news

Nestlé R&D Abidjan and Regulatory and Scientific Affairs (RSA) Sub Saharan Africa represented at Africa Green Revolution Forum 2018

Nestlé at Africa Green Revolution Forum 2018: Nestlé R&D Abidjan and Regulatory and Scientific Affairs (RSA) Sub Saharan Africa has taken part in the Africa Green Revolution Forum 2018. Attended by over 3,000 African and International Agriculture and Nutrition leaders, the Forum included a panel entitled “Healthy Diets – From Aspiration to Reality” where Nestlé R&D Abidjan Centre Head Joëlle Abega-Oyouomi “profiled the Centre’s work in vaporising African raw materials into nutritious, fortified cereal products suited to African tastes and pockets.”

To Read More Click HERE

Source – Nestlé – September 2018

× How can I help you?