Danone doubles down on Nigeria investment

Danone doubles down on Nigeria investment

The NewsFrench food giant Danone is doubling down on its plans to invest in Nigeria, even as other multinationals have pulled out of the continent’s largest consumer market in the last two years. “We are convinced about the potential of Nigeria,” Christian Stammkoetter, Danone’s head of Asia, Middle East, and Africa, told Semafor on the sidelines of the Africa CEO Forum in Abidjan.Procter & Gamble, GSK, and Unilever, are among the multinationals…

Danone’s Oikos expands into $7bn ambient protein shakes market

The move creates a new aisle presence for Oikos, traditionally known for its high-protein yogurts

Danone brings Oikos into the $7 billion protein shake market

The offering is part of a broader effort by the CPG giant to bring its yogurt brands into new, fast-growing food categories.