BN Group to Invest $1 Billion in Africa Expansion.

BN Group, a prominent conglomerate with interests in FMCG, edible oil, and specialty chemicals, has announced plans to invest $1 billion in expanding its edible oil business across Africa. The investment will be spread over five years, with $400 million earmarked for building modern manufacturing facilities and the remaining funds set aside for acquiring palm plantations.

The company intends to establish three plants with capacities of 1,200 tonnes, 500 tonnes, and 300 tonnes in strategically selected locations. The operations are expected to focus initially on emerging African markets, with production set to begin in the first quarter of FY27. BN Group anticipates achieving EBITDA margins of 20-25% from its African ventures.

Anubhav Agarwal, Founder and Managing Director of BN Group, emphasized the company’s commitment to offering affordable, innovative products tailored to Africa's diverse consumer base. "We are focused on building a robust manufacturing and retail ecosystem that drives sustainable growth and positions us as a trusted partner in Africa’s economic development," he stated.

Initially adopting a direct-to-store retail model, BN Group plans to build strong ties with local retailers and later transition to a distributor-based network for broader market penetration.

With existing manufacturing units in Mathura, Uttar Pradesh, and Kandla Port, Gujarat, BN Group has already made significant progress in the Indian edible oil market, achieving revenue exceeding ₹4,500 crore last fiscal year. As it expands into Africa, BN Group is positioning itself to strengthen its global footprint and continue its growth in the FMCG sector.

HBL