Tag: Johnvents

A major cocoa processor in Nigeria, Johnvents Industries Limited, said the successful repayment of the N9.2 billion Series 7 & 8 Commercial Paper issued to support its growth and liquidity has solidified its reputation as a reliable and trusted issuer in the debt capital market.

 It said it has continued to demonstrate financial resilience and robust performance in the Nigeria’s agribusiness sector.

 The company said it has redeemed a total of N24.5bn since it launched its commercial paper programme in 2022 to demonstrate its strong financial performance and sound business practices.

 Speaking to journalists in Akure, Group Managing Director of Johnvents Group, Mr. John Alamu, the parent company of Johnvents Industries, said the redemption of the Series 7 & 8 Commercial Paper, underscored the firm’s commitment to meeting financial obligations promptly.

 Alamu said company’s successes in the commercial paper market, was a testament to its financial discipline and growing influence in Nigeria’s agricultural value chain. According to him, “We are delighted to announce the timely repayment of our Series 7 and 8 Commercial Paper.

Read Also: UNGA: Nigeria seeks inclusive strategy to end terrorism in Africa

 “This success reflects Johnvents’ unwavering commitment to financial prudence and reinforces the confidence placed in our organisation by the investing public.

 “We are immensely grateful to our stakeholders for their continued trust and support. Johnvents remains steadfast in delivering sustainable value, maintaining the highest standards of corporate governance, and contributing to the growth of Nigeria’s agribusiness landscape.

 “Johnvents Industries is currently positioned at the forefront of Nigeria’s agricultural sector, focusing on creating long-term value through sustainable practices, local community development, and innovative solutions. “With ongoing investments in technology and infrastructure, the company is committed to expanding its reach in the global agricultural industry while adhering to its mission of creating sustainable value across the ecosystem.”

As part of its bid to transform agricultural and economic development on a global scale the, Johnvents Industries, said it has commenced its global commodities trading subsidiary in Dubai Multi Commodities Centre (DMCC) in Uganda.

It said the commencement of Uganda operation was a significant step of its mission to becoming a leading force in international agricultural trade.

Head of business at Johnvents Industries DMCC, Sanjay Purohit, who spoke in Akure, its expansion to Ugandan allowed the firm tapped into the country’s rich agricultural resources such as kidney beans, coffee, cotton, and other key cash crops.

Purohit explained that Johnvents Industries DMCC leveraged its strategic location and robust infrastructure to source and trade premium agricultural commodities across Africa, Asia, and Europe.

He said, “Our Ugandan launch represents a vital chapter in Johnvents Industries DMCC’s journey to becoming a global leader in sustainable and responsible commodity trading.

Read Also: Aiyedatiwa hails Ondo residentsfor shunning protest

“We are committed to working closely and fostering strong relationships with Ugandan farmers to ensure they receive fair compensation for their crops while expanding access to these essential commodities for international markets.

“Johnvents Industries DMCC’s Uganda operations will serve as a springboard for further expansion across Africa.

“We are also establishing presence in key markets, including Senegal, Tanzania, Togo and Burkina Faso, with a short-term vision encompassing India, Vietnam, China, and the rest of the world.”

Managing Director Johnvents Group, Mr. John Alamu, said the firm was dedicated to promoting sustainable farming practices throughout its supply chain.

“This ensures the long-term viability of agriculture within the communities we serve, fostering a future of shared prosperity.”