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FrieslandCampina WAMCO Reports N199.5bn Turnover in 2020

A top diary company, FrieslandCampina WAMCO Nigeria PLC, has reported a turnover of N199.5 billion in 2020.
Speaking at the 48th annual general meeting of the firm Thursday, the Chairman, Mr. Moyo Ajekigbe, said the company’s commercial and financial performance for the year showed considerable improvement compared to the previous year, despite the challenges presented by the pandemic.
“Turnover increased by 23 per cent in 2020 to N199.5 billion from N161.8 billion in 2019. This was due to a combined effect of organic and inorganic growth following the acquisition of Nutricima’s dairy business. Profit Before Tax however decreased by 20.3 per cent from N18.8 billion in 2019 to N14.9 billion in 2020 as a result of high input costs and increased economic headwinds,” he said. ....

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CNDDD Partners UniAbuja, IFDC/2Scale, Rabobank, Van Hall Larenstein to Accelerate Diary Devt in Nigeria

The Centre for Nigerian Dutch Dairy Development (CNDDD) has announced more partners to support its plan to deliver a sustainable national dairy sector and value chain in Nigeria.
The Centre, whose founding partners are FrieslandCampina WAMCO Nigeria PLC and the University of Abuja, made this known Wednesday during its webinar titled: “Harnessing the Great Unpolished Diamond of Africa.”
In a statement issued on behalf of the partners, Ore Famurewa, the Executive Director, Corporate Affairs, FrieslandCampina WAMCO said, “We are glad to announce three new partners to the Centre. The partners include the Toward Sustainable Clusters in Agribusiness through Learning in Entrepreneurship (2SCALE)programme, a business incubator led by the International Fertilizer Development Center (IFDC) that manages a portfolio of public-private partnerships for inclusive business in agri-food sectors and industries; Rabobank, a leading global food and agri bank that dedicates its knowledge ....

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FrieslandCampina WAMCO Announces New CNDDD Partners to Accelerate Sustainable Dairy Devt in Nigeria

FrieslandCampina WAMCO Announces New CNDDD Partners to Accelerate Sustainable Dairy Devt in Nigeria
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Nigerian-Dutch centre partners ministry, central bank in achieving sustainable dairy sector

The Centre for Nigerian Dutch Dairy Development (CNDDD) has announced that it will host a webinar in partnership with the Federal Ministry of Agriculture and Rural Development (FMARD) and the Central Bank of Nigeria (CBN) to enable a sustainable national dairy sector and value chain in Nigeria. ....

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