Johnvents Group, a leading agribusiness and manufacturing conglomerate, has secured a $40.5 million investment from British International Investment (BII), the UK's development finance institution and impact investor.
This strategic partnership aims to enhance the production capacity of Premium Cocoa Products (Ile-Oluji) Limited, one of Johnvents Group's subsidiaries, from 13,000 metric tonnes to its installed capacity of 30,000 metric tonnes per year.
Premium Cocoa Products Limited formerly Ile Oluji Nigeria Limited, Nigeria’s oldest cocoa processing factory, was acquired by Johnvents Group in 2023
The investment will optimize production efficiencies, strengthen sustainability and traceability programs, and support Johnvents Group's goal of achieving 100% traceable cocoa, with at least 90% certified, by 2027.
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