Injaro Investment Advisors announces a EUR 2M equity investment in Nouvelle Mici Embaci, a leading packaging company in Côte d'Ivoire, aimed at enhancing market presence and driving growth in West Africa.

Target Information

Nouvelle Mici Embaci (NME) is a premier packaging company based in Ivory Coast, established in 1983 and headquartered in Abidjan. Over the past 40 years, NME has grown to become a market leader in the Industrial Packaging and Printing Industries. Originally focused on corrugated packaging, the company has successfully diversified its product offerings to include industrial printing, the production of polypropylene bags, and carton recycling. With a robust client portfolio that spans both local and multinational customers, NME has built a strong reputation for quality and reliability, serving diverse sectors such as Fast-Moving Consumer Goods (FMCG), agriculture, advertising, pharmaceuticals, and industrial markets.

This equity investment by Injaro Investment Advisors will enable NME to enhance its market presence in Côte d'Ivoire and explore expansion opportunities into other West African countries. The involvement of esteemed private equity investors, including Advanced Finance and Investment Group (AFIG Funds) and the Norwegian Investment Fund for Developing Countries (Norfund), lays a solid foundation for NME's future growth.

Industry Overview in Côte d'Ivoire

The packaging industry in Côte d'Ivoire is experiencing substantial growth driven by increasing consumer demand and a shift towards sustainable packaging solutions. Given the country’s strategic position as a leading exporter of agricultural products, the