Food Business Africa | Aruwa Capital invests in Nigerian hibiscus processor Agroeknor International
Summary
NIGERIA – AgroEknor International, a Nigerian fast-growing hibiscus flower exporter and wellness brand has clinched an early-stage growth equity investment from Aruwa Capital Management. We look forward to working together with the team to execute our vision of processing and exporting high-value cash crops that are advantageously grown in Nigeria,” Ayo Oke, CEO of AgroEknor said. All flowers are sourced locally in Nigeria, processed in house, and exported all year round to international clients in the food and beverage industry, where it is typically used as a flavouring in healthy teas and other drinks. This will be achieved courtesy of its direct connection to farming communities across Nigeria, its impressive order book from existing and new clients and its focus on backward integration and tech-enabled value chain solutions. We see significant value in the company’s long term growth potential within the rapidly growing global food processing market and pent-up demand for AgroEknor’s health-based products.