French dairy producer Danone is partnering with Abraaj Group in a USD 25 mn investment in west Africa-based Fan Milk, Maggie Fick writes for the Financial Times. “The investment in Fan Milk’s Ghana business will help the company meet growing demand for yoghurt and other dairy products in west Africa’s second-biggest economy.” Danone remains bullish about its own growth prospects in Africa, with Pierre-André Térisse, executive vice-president for Africa, saying everything the company experienced in the continent “has been a confirmation of our strategy, even though we are facing volatility in some markets” including Nigeria and Egypt.

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