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By Merit Ibe
Africorp Consortium, Mouka’s parent company has affirmed its commitment to explore investment opportunities in Nigeria, focusing on Oyo State.
The company made the promise when it hosted a delegation from the Oyo State Government, led by Governor Oluseyi Makinde.
Recently, Mouka’s management team, led by the Managing Director, Mr. Femi Fapohunda, in the company of Mr. Jaafar Harti, CEO of Africorp Consortium, visited Oyo State.
Signing a Memorandum of Cooperation cemented this strategic alliance and paved the way for a series of joint initiatives. With its multi-sector expertise and commitment to continental development, Africorp Consortium looks forward to actively contributing to the economy of Oyo State. Value-creating projects will be implemented as part of this partnership.
The collaboration between Africorp Consortium and Oyo State will focus on areas of mutual interest, including industrial development, promoting sustainable agriculture, education and the responsible exploitation of mineral resources. This joint initiative is a testament to the shared commitment to sustainable development and the wellbeing of local communities.
At Casablanca, Oyo first citizen, who also met with Mr Saad Berrada Sounni, chairman of Africorp Consortium, in the company of Mouka’s management team for deliberations, confirmed that land has been allocated and payment received from Africorp in Oyo State, hence the signing of the memorandum of cooperation between both parties.
Governor Makinde welcomed the partnership, viewing it as a crucial step towards achieving the State of Oyo’s long-term development goals. “We are impressed by the achievements of Africorp Consortium, both in Morocco and in Nigeria through its subsidiary Mouka, and we are convinced that this cooperation will open up new avenues for growth and innovation, thus reinforcing our commitment to the economic and social development of our State,” stated His Excellency the Governor of Oyo State.
Regarding the new development, Fapohunda said the market leader continues to set the pace in the industry. “For us at Mouka, our mission is to add comfort to the lives of millions of Nigerians by providing top-quality sleep products. To ensure we achieve this, we are proud to say that we are the most widely distributed brand in our industry. With over 3,000 branded outlets, our consumers don’t need to travel far to find their Mouka. With this new development, Mouka will also deepen its penetration in Western Nigeria to safeguard its position as a market leader.
Not only will we be adding comfort to life through our widely distributed products, but we will also be providing jobs for the good people of Oyo state, who will be recruited directly by Mouka and many more who will secure jobs with our trade and distribution partners.”
