Private equity firm Verod Capital buys stake in Niyya Food and Drinks

Verod Capital has bought a stake in Nigeria-based consumer food production company Niyya Food and Drinks, for an undisclosed amount.

Niyya will use the capital to fund expansion, which will include increasing its primary and secondary production capacities. The company plans to increase the automated processing of fruits and dairy products into fruit juice and yoghurt.

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