Injaro has invested in Novafrique Industries SA, enhancing the capacity and profitability of the Ivorian household solid soap manufacturer.
Information on the Target
Novafrique Industries SA is a prominent Ivorian company specializing in the manufacturing of household solid soaps. The company operates an integrated production facility that utilizes crude palm oil and palm kernel oil to create a diverse range of affordable soap products.
With an installed capacity of 30,000 metric tons, Novafrique aims to optimize its production utilization to enhance profitability. The company’s strategic focus caters to low and middle-income markets, ensuring that essential health and hygiene products remain accessible to a broad customer base.
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Industry Overview in Côte d'Ivoire
The soap manufacturing industry in Côte d'Ivoire is vital to the country’s economic development, predominantly serving the local market with indis
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Injaro
invested in
Novafrique Industries SA
in 2023
in a Growth Equity & Expansion Capital deal