French dairy company, Danone invests $25m in Fan Milk Ghana – Report
The world’s largest yoghurt maker, French company, Danone has invested $25 million in Fan Milk Ghana, according to a report by the Financial Times.
The report says the investment will enable Fan Milk’s operations in Ghana to meet the growing demand for yoghurt and other dairy products in the country.
Fan Milk Ghana, started in January 1960 launched a new product yesterday May 23, 2017. The company launched FanMaxx, a new vitamin-enriched yoghurt drink with a four-month shelf life. The company produces and distributes dairy products and fruit drinks in Ghana and across West Africa.
The report indicates that Danone anticipates demand for dairy in sub-Saharan Africa will increase steadily in the coming decades, and the company has spent more than €1 billion since 2013 building a production and distribution network across the continent through acquisitions in countries from Kenya and Nigeria to Ivory Coast.
By Emmanuel K. Dogbevi