Danone and Abraaj Group facilitate Fan Milk’s factory extension

Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana. The total investment of USD $25 million will help Fan Milk Ltd, its local subsidiary, to sustain the growing demand for dairy products in the regional West African market. The new production lines will create approximately 200 jobs at a time when youth unemployment is one of the most pressing challenges facing numerous African states.

The factory extension will also sustain the production of FanMaxx, a new drinkable yogurt that will be available to Ghanaian consumers in June and is the first of its kind in West Africa.

Stéphane Couste, managing director of Fan Milk Ghana says, “The new FanMaxx is a product of Fan Milk, which has been a trusted brand in Ghana for 55 years. It is a new, healthy and nourishing yogurt experience that is particularly suited to the local consumers. Fan Milk is famous for its frozen dairy. It will become a household name for its drinkable yogurt as well. Fan Milk Ghana is proud to be the first to produce this innovative experience in West Africa.”

Pierre-André Térisse, executive vice president, general manager Africa division Danone and non-executive chairman of Fan Milk International adds, “This is the result of two years’ work, combining Abraaj’s intimate knowledge of West Africa and Danone’s leading expertise of the dairy category in a highly cooperative and fruitful collaboration. We are today launching in Ghana, but this is only a first step towards West Africa.”