Africa

Nigeria’s Farmcrowdy acquires established agribusiness company

1 Mins read

Nigerian agri-tech startup Farmcrowdy has announced the acquisition of Best Foods (L&P) to offer a wider livestock production and processing solution to the meat market. 

The acquisition sees Farmcrowdy take a majority stake in Best Foods, an agribusiness group formed 16 years ago and focused on the processing of livestock and marketing of agricultural produce.

It will provide Farmcrowdy the opportunity to continue to grow its livestock value chain with an improved process for livestock production and processing to reach the desired high standards fit for local consumption and export where necessary.

The expansion will also enable Farmcrowdy to become the preferred source of processed livestock across Nigeria. The expanded business will serve over 50 meat markets across the south-western zone of Nigeria, and will manage over 100 consumer endpoints.

“Best Foods offers an exciting opportunity for Farmcrowdy to strengthen and expand its service offering in livestock production, processing, and supply,” said Kenneth Obiajulu, managing director of Farmcrowdy.

“With a range of high profile clients, the acquisition supports Farmcrowdy’s strategy to lead the market and meet the requirements necessary to process approximately 45 cattle every day for meat consumption in Lagos.”

Related posts
AfricaMaking the news

How Africa Can Learn from China's Success Story

1 Mins read
How Africa Can Learn from China’s Success Story China’s rise to become a modern economy is no secret – they have done…
AfricaKenyaMaking the news

Nairobi is ranked 74th globally and fourth-richest city in Africa.

1 Mins read
Nairobi is ranked 74th globally and fourth-richest city in Africa. NAIROBI, Kenya, April 19 – Nairobi is the fourth-richest city in Africa and…
AfricaEntrepreneurshipMaking the news

Create regional conglomerates to compete with international ones, advises McDan to African Entrepreneurs

1 Mins read
Create regional conglomerates to compete with international ones, advises McDan to African Entrepreneurs The AfCFTA business forum has just ended and it…

Leave a Reply

Your email address will not be published. Required fields are marked *