Mouka’s Parent Firm to Explore Investment Opportunities in Oyo

March 29, 2024
Africorp Consortium

By Adedapo Adesanya

Africorp Consortium, Mouka’s parent company, has expressed its determination to strengthen ties with the Oyo State government and explore investment opportunities in the state.

The firm gave this assurance during a follow-up visit to Governor Seyi Makinde of Oyo State recently.

The company had in May 2023 held a meeting with the state government with the chief executive of Mouka, Mr Femi Fapohunda, leading the team. He was accompanied by the chief executive of Africorp Consortium, Mr Jaafar Harti.

At the recent visit, the organisation signed a Memorandum of Cooperation with the state government to pave the way for a series of joint initiatives. Africorp Consortium says it 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 well-being of local communities.

At Casablanca, Mr Makinde also met with the Chairman of Africorp Consortium, Mr Saad Berrada Sounni, and confirmed that land has been allocated and payment received from Africorp in Oyo State.

“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,” he stated.

Regarding the new development, Mr Fapohunda said that 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,” he stated.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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