Pioneer Foods Plans More Africa Purchases After Nigeria Deal

Pioneer Foods Ltd., a South African food and beverage producer, plans acquisitions in at least five more African countries after taking a majority holding in Nigerian competitor Food Concepts Plc.

“We’re talking to entrepreneurs for opportunities to expand our investments in the continent” within the next five years, Thushen Govender, the company’s head of international business, said in an interview in Lagos, Nigeria’s commercial hub, on Tuesday. “Our focus is on larger economies with a higher population — for example, Angola, Kenya, Ethiopia, Tanzania and Ghana.”

Read more: Pioneer Foods Plans More Africa Purchases After Nigeria Deal – Bloomberg Business.

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