Nigerian firm, BlackPace takes over local potato chips maker

BlackPace Africa Group, a Nigerian and Switzerland-based firm, has bought Ndiyo Business Group, a major producer of salted chips in Rwanda. Paul Andrew Olusegun, the chairman of BlackPace Africa, said the takeover was a strategic entry for the group, presenting the company a huge opportunity to leverage Ndiyo’s network to enhance Rwanda’s potato value chain.
Done deal: Olusegun (left) and Rouviere exchange documents after signing the takeover deal on Friday. BlackPace plans to inject over $10m into Ndiyo to expand capacity.   (Courtesy)
Done deal: Olusegun (left) and Rouviere exchange documents after signing the takeover deal on Friday. BlackPace plans to inject over $10m into Ndiyo to expand capacity. (Courtesy)
Stephen Nuwagira