₦airaland Forum

agentNija:
Nice one. If only our country is stable and not what we are experiencing at the moment.

The Coca-Cola Company announces that it has entered into an agreement to sell Chivita|Hollandia (CHI Limited) to UAC of Nigeria Plc. (UAC). Chivita|Hollandia (CHI Limited) is a leading food and beverage player in Nigeria, with a portfolio across value-added dairy products, juices, nectars, still drinks, and snacks. The Hollandia brand is the market leader in evaporated milk and drinking yoghurt, while the Chivita brand is the market leader in fruit juice.

This transaction, which is subject to regulatory approval, further supports The Coca-Cola Company’s strategy to operate a flexible and asset-light model and focus on brands that have the greatest potential to scale. The Coca-Cola system recently announced it will invest $1 billion in Nigeria over five years and remains committed to these investments, provided a predictable and enabling environment is in place. This investment underscores the importance of Africa as a long-term growth opportunity for the Coca-Cola system.

UAC is a holding company focused on domestic manufacturing, marketing, and distribution of leading consumer brands in Africa. The company operates nine manufacturing facilities and several logistics and distribution hubs across Nigeria, with 5,000 employees.

Fola Aiyesimoju , Group Managing Director of UAC, said: “As a company with a strong presence in Africa, we are deeply committed to the continent's growth. We are pleased to announce the acquisition of Chivita|Hollandia (CHI Limited), a leading dairy and juice business in the region. This acquisition presents significant potential to build on Chivita|Hollandia’s (CHI Limited’s) legacy of excellence and innovation. I would like to thank the management and staff of Chivita|Hollandia (CHI Limited) and look forward to working with the team to support the next phase of growth.”

Eelco Weber , Managing Director of Chivita|Hollandia (CHI Limited), said the business has made significant progress over the past few years, with the Chivita and Hollandia brands becoming clear leaders in their categories. "I would like to thank our over 5,000 employees for their hard work and dedication in bringing our business forward and earning us recognition as a Gold-rated Great Place to Work,” Weber said.

The management team, including Weber, are confident in the company’s growth prospects. “We see a bright future for Chivita|Hollandia (CHI Limited),” Weber said. “With the strength of our team, coupled with the dedication of UAC, there will be exciting opportunities for further growth.”
Shehu stated these in Abuja while fielding questions from journalists after a press conference to announce the public presentation of his 260-page book on July 9 titled, “According to The President: Lessons from a Presidential Spokesperson’s Experience.

Citi served as exclusive financial advisor to The Coca-Cola Company, with McDermott Will & Emery acting as legal advisor. Fasken Martineau LLP and Templars Law served as legal advisors to UAC.

nifemi25:
It actually pays if only you own your car... Having your own personal car has reduced your problem to 5% ... Searching for a car to use for ehailing it's really hard to get this days.

Once you get your car ready, all you just have to do is to download your preferred app to your phone, either taxify , Uber or indrive.. then register and takes your car for inspection if it's bolt or Uber..

SpecialAdviser:
Before I opened the thread, I knew the stabber and the stabee must be from that side but when they want to rent out their home, they will be accusing others of being the bad tenants and refusing to rent out house to them.

Thank God some of them landlords have become wise about it now.

Kemetian:
Have you ever been to Abuja?

Honestly sometimes I wonder what I’m doing on this forum.

malali:
These kind of news is designed to deceive the public.

Why dont you list all the other places that we owe ?

The IMF debt was the least of our Debts ?

We owe world bank ? We owe Chinese Bank ?

MichaelTokunboh:
The report says "Top 10", not all the African countries indebted to the IMF!
This is why people fail tests, can't read & comprehend little details.
There's nothing to celebrate about this post, cos if you look further down the list, Nigeria 🇳🇬 will be included.
Plus, IMF isn't the only international lender, others exist & we're indebted to multilateral creditors.

kcdendelo:
Read again .. with the highest debt.. Nigeria might not be among top 10 but they are still owing imf

swimmer:
See how they are using this to do PR.

To distract us from the many loans they are taking.

Awon werey

As I perused the IMF LIST, I noticed Nigeria is not listed there, Which means we have exited. We owe no damn to them anymore.

Top 10 African countries with the highest IMF debt in July 2025
Rank Country Total IMF Credit Outstanding as of 07/21/2025
1. Egypt 7,422,862,519
2. Cote d'Ivoire 3,104,687,108
3. Kenya 3,022,009,900
4. Angola 2,721,883,340
5. Ghana 2,707,198,500
6. DRC 1,952,850,000
7. Ethiopia 1,593,683,500
8. Tanzania 1,335,730,000
9. Cameroon 1,150,920,000
10. Senegal 992,936,112

Switruth:
Shehu Sani just dey talk anyhow these days. I used to respect him those days but not anymore.