Providence Agro-Food and Feed Processing
Description
Providence Agro-Food and Feed Processing is involved in producing highly nutritious, ready-to-eat snacks with Vitamin A.
Market Opportunity/ Problem
When AIIT Ibadan launched Vitamin A cassava, Providence Agro-Food and Feed Processing took advantage and developed different packaged, ready-to-eat snacks from Vitamin A cassava. In addition, ready-to-eat snacks are fast gaining ground in Nigeria and Europe (e.g., Spain), where the company has received several inquiries. The company holds a competitive advantage over other snacks as its products are gluten-free and taste better than snacks made from maize and wheat.
Company Information
Years of operation
5
Type of organization
Private company
Stage of the business
Growth stage
Agribusiness focus
Value addition/ processing
Agriculture value chain(s) focus?
Food crops
Primary country of operation
Nigeria
Other country(ies) of operation
N/A
How many employees does your business have?
12
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
No
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
50k-500k
What is the split between equity and debt?
100% debt