Inclusive Impact Investments BV (Triple I), a Netherlands-based investment firm dedicated to uplifting small- and medium-sized enterprises in Sub-Saharan Africa and Southeast Asia, particularly focusing on empowering women and young individuals to overcome poverty, has announced its strategic partnership with Zayith Foods Limited ("Zayith" or the "Company"). The collaboration aims to enhance Zayith's yoghurt processing and distribution capabilities.
Abraham Boogaerdt’t Hooft, the Director of Triple I, emphasized the firm's mission to support entrepreneurs in realizing 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.
Established in 2018, Zayith Foods Limited, under the leadership of the highly motivated Chidimma Uzoma, a former legal professional turned entrepreneur, specializes in dairy processing. The company offers a range of yoghurt and Greek yoghurt products under its brand "Zayith."
Chidimma expressed her 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 emphasized 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. 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. These investments serve as crucial avenues to reach low-income individuals and contribute to economic inclusivity.
In summary, the collaboration between Triple I and Zayith Foods Limited signifies a positive step forward for the agribusiness sector in Nigeria. This partnership is expected to foster economic growth, create employment opportunities, and enhance access to high-quality food products for consumers across the country
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