DP World’s Imperial acquires stake in AFMCG Distribution in Nigeria

DP World’s Imperial acquires stake in AFMCG Distribution in Nigeria

Imperial, owned by DP World, announced a strategic acquisition of a controlling stake in Africa FMCG Distribution (AFMCG).

The move aligns with Dubai’s five-year plan to expand the emirate’s trade partnerships with promising global markets. Last year, Dubai adopted a five-year foreign trade plan to boost its status as an international business hub, focusing on high-growth markets including Africa, Latin America and Asia.

Part of the Chanrai Group of Companies, AFMCG is a multi-faceted business distributing products for over 130 years. It has established itself as a leading player in the Nigerian consumer market.

The business offers a nationwide route-to-market solution across multiple channels in Nigeria. Its services also extend to co-manufacturing, co-packing, sourcing, and value-added services in the fast-moving consumer goods (FMCG) sector.

Imperial, owned by @DP_World, announces the strategic acquisition of a controlling stake in Africa FMCG Distribution Ltd (AFMCG). The move aligns with Dubai’s five-year plan to expand the emirate’s trade partnerships with promising global markets.https://t.co/i2zquJyvTv pic.twitter.com/4pMHienPai — Dubai Media Office (@DXBMediaOffice) July 12, 2022

DP World has been expanding its business in Africa, a region presenting trade opportunities for further development in the key sectors of ports and logistics, trade corridors, and e-commerce among others. With a surging population of more