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Clover looks for new pastures and fast-growing economies in Africa

Published on March 26, 2015

Dairy group Clover Industries will wrap up talks with potential partners in the next few months as it seeks to expand into faster-growing economies in the rest of Africa.

"We want a network in sub-Saharan Africa through minority shareholding in existing companies at first … as we grow, we’ll become majority shareholders and eventually make the ‘rest of Africa’ a subsidiary of Clover. We’re looking at Zimbabwe, Zambia, Angola, Mozambique, Nigeria, and then East Africa," Marcelo Palmeiro, the group’s executive for corporate and brand development, said on Tuesday. Read more. Source | Business Day Live