Firm Invests in Zayith Yoghurt to Grow Dairy Operations Across Nigeria

A Netherlands-based investment firm dedicated to uplifting small and medium-sized enterprises in Sub-Saharan Africa and Southeast Asia, Triple I, has announced partnership with Zayith Foods Limited to grow dairy operations across Nigeria.

The collaboration aims to enhance Zayith’s yoghurt processing and distribution capabilities. A statement issued by the company stated that the Director of Triple I, Bram Boogaerdt’t Hooft, emphasised the firm’s mission to support entrepreneurs in realising their full business potential and creating a positive social impact.

He highlighted Triple I’s commitment to providing tailored, flexible, and cost-effective financial products, coupled with a profound understanding of local contexts and continuous engagement with portfolio companies.

According to the statement the Chief Executive Officer, Zayith Food company, Uzoma expressed enthusiasm about the investment, stating that it would facilitate Zayith’s expansion throughout Nigeria, enabling the company to offer affordable and high-quality dairy products nationally.

She emphasised Triple I’s suitability as a partner aligned with Zayith’s mission to provide healthy food products across Nigeria. This marks Triple I’s fourth investment in the Nigerian Agribusiness sector, following previous investments in So Fresh Neigh bo ur hood Farm Limited, A bod Success (Executive Choice cashew nuts), and Kennie-O Cold Chain Logistics.

Bram, the Investment Director highlighted Triple I’s continued belief in Nigerian entrepreneurs and the firm’s commitment to providing funding to businesses that often struggle to access financial support.

He said: “These investments serve as crucial avenues to reach low-income individuals and contribute to economic inclusivity. The collaboration between Triple I and Zayith Foods Limited signifies a positive step forward for the agribusiness sector in Nigeria.”