French food and dairy conglomerate Danone has announced a significant increase in its investment portfolio in Nigeria, signaling renewed confidence in Africa’s largest consumer market.
Danone, which operates under the Fan Milk brand in Nigeria, plans to expand its production capabilities and distribution network across the country.
The move is part of the company’s strategy to grow its presence in West Africa despite macroeconomic challenges. Danone executives praised Nigeria’s “resilient demand” and the evolving regulatory environment.
Analysts see this as a positive sign for foreign direct investment, especially in the food and beverage sector.
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