NIGERIA – Triple I, a Netherlands-based investment firm dedicated to supporting small and medium-sized enterprises (SMEs) in Sub-Saharan Africa and Southeast Asia, has announced a strategic partnership with Zayith Foods Limited to enhance dairy operations across Nigeria.
The collaboration aims to focus on boosting Zayith’s yoghurt processing and distribution capabilities.
Bram Boogaerdt’t Hooft, the Director of Triple I, emphasized the firm’s mission to uplift entrepreneurs, help them realize their full business potential, and create positive social impact.
“Triple I is committed to providing tailored, flexible, and cost-effective financial products, coupled with a profound understanding of local contexts and continuous engagement with portfolio companies.”
Zayith Foods Limited, led by its Chief Executive Officer Uzoma, expressed enthusiasm about the investment, emphasizing that it would facilitate the company’s expansion throughout Nigeria.
“The collaboration is expected to enable Zayith to offer affordable and high-quality dairy products nationally,” he said.
Uzoma highlighted 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 Neighbourhood Farm Limited, Abod Success (Executive Choice cashew nuts), and Kennie-O Cold Chain Logistics.”
Bram, the Investment Director, reiterated Triple I’s belief in Nigerian entrepreneurs and the firm’s commitment to providing funding to businesses that often struggle to access financial support.
He emphasized that such investments serve as crucial avenues to reach low-income individuals and contribute to economic inclusivity.
He noted that the strategic partnership between Triple I and Zayith Foods Limited is poised to revolutionize the dairy industry in Nigeria.
“The collaboration signifies a positive step forward for the agribusiness sector, fostering growth, entrepreneurship, and economic inclusivity,” he said.
“The expansion of Zayith’s yoghurt processing and distribution capabilities aligns with the broader goal of meeting the rising demand for dairy products in Nigeria and stimulating economic growth in the region.”
In addition, he revealed that the partnership is more than a business transaction as it reflects a shared vision of empowerment and sustainability.
“Triple I’s commitment to creating a positive social impact aligns with Zayith’s goal of providing nutritious dairy products to the Nigerian population.”
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