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Triple I and Zayith Foods Join Forces to Boost Dairy Operations in Nigeria

Nigeria 22.02.2024
Source: The DairyNews
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In a strategic move to enhance dairy operations in Nigeria, Netherlands-based investment firm, Inclusive Impact Investments BV (Triple I), has announced a partnership with Zayith Foods Limited. This collaboration aims to strengthen Zayith's yoghurt processing and distribution capabilities across the country.
Triple I and Zayith Foods Join Forces to Boost Dairy Operations in Nigeria
Triple I, dedicated to uplifting small and medium-sized enterprises in Sub-Saharan Africa and Southeast Asia, focuses on empowering women and young individuals to overcome poverty. Bram Boogaerdt Hooft, Director at Triple I, expressed the firm's commitment to supporting entrepreneurs in realizing their full business potential and creating positive social impact. The investment firm plans to provide tailored, flexible, and cost-effective financial products, along with a deep understanding of local contexts and ongoing engagement with portfolio companies.

Hooft emphasized Triple I's belief in Nigerian entrepreneurs and its dedication to funding businesses that often struggle to access financial support. He highlighted that such investments play a crucial role in reaching low-income individuals and contribute to economic inclusivity.

Chidimma Uzoma, Founder of Zayith Foods Limited, shared that the company, a dairy processing entity established in 2018, specializes in offering yoghurt and Greek yoghurt products under the brand name 'Zayith.' The investment from Triple I is expected to fuel Zayith's growth and expansion across Nigeria, enabling the company to provide nutritional dairy products at affordable prices without compromising quality.

Uzoma expressed her enthusiasm about the partnership, anticipating that it will drive economic growth, create employment opportunities, and enhance access to high-quality dairy products for consumers nationwide. The collaboration underscores the shared commitment of Triple I and Zayith Foods in contributing to the development of the dairy industry in Nigeria.
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