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Yara’s participation in Yara Cameroon acquired by NJS Group, the minority shareholder

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3 years ago

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Yara

Once this transaction is completed, NJS Group will become the sole shareholder of the company with a clear objective of optimizing its offerings for the agricultural sector

DOUALA, Cameroon, July 12, 2023/APO Group/ — 

Yara International ASA (www.Yara.com), a global leader in plant nutrition headquartered in Oslo, Norway, announces that it has finalized an agreement to sell its majority stake in Yara Cameroon to NJS Group, which has been the minority shareholder since the company’s inception in 1995.

Once this transaction is completed, NJS Group will become the sole shareholder of the company with a clear objective of optimizing its offerings for the agricultural sector, currently focused on controlled livestock development. To achieve this ambition, NJS Group has acquired the 65% stake held by Yara International France in the company.

Yara International ASA and the Noutchogouin family have been partners for over 25 years. Over the years, the two entities have worked closely together, leveraging their expertise and resources to drive innovation and foster positive changes within the industry. During this long period, their joint venture has undergone various name changes. In particular, the company Hydrochem became Yara Cameroon in 2004. The acquisition of the company’s entire capital by NJS Group represents a strategic and natural evolution. This complete takeover of the company by its local historical minority shareholder paves the way for ambitious expansion projects.

Yara Cameroon makes a significant contribution to the country’s agricultural productivity by importing and distributing its own NPK compounds and calcium nitrate fertilizers, ensuring high yields and high quality for food and export crops.

Yara has always placed its employees at the heart of its decision-making process

With a strong focus on agriculture, NJS Group has been renowned for over forty years for its implementation of sustainable agricultural practices supported by significant investments and efficient operations management. With its extensive presence covering not only Cameroon but also neighbouring countries in the CEMAC zone, NJS Group is well positioned to support food security, growth, and innovation in this key sector.

To strengthen their collaboration, Yara International ASA and NJS Group have concluded an exclusive distribution agreement for premium NPK fertilizers, YaraMila, and YaraLiva Nitrabor Calcium Nitrate. As a result, Cameroonian farmers and agricultural retailers are assured of future supply of these key products, guaranteeing their presence in the market and promoting sustainable agricultural production. As an essential part of this agreement, Yara International ASA will provide technical and operational support to NJS Group, ensuring a solid platform for future growth.

Yara International and NJS Group have always shared a common goal: to promote best agricultural practices and optimal fertilizer use to enhance crop productivity in Cameroon. By combining their expertise, resources, and networks, the two groups aim to strengthen fertilizer distribution, digital agricultural solutions, and future innovations to promote sustainable agricultural practices in Central and West Africa.

Here is an excerpt from a message by Luis Alfredo Pérez, Senior Vice President, Yara Africa, to the employees of Yara Cameroon:

“We warmly thank our colleagues at Yara for their tremendous contribution and significant efforts over the many years since the establishment of our company in Cameroon. We have always believed that NJS Group was the right partner, and we are delighted that they will now take the lead, with the support and guidance of Yara International ASA. I would also like to express my deepest gratitude to our distribution partners and stakeholders, whom we have had the honour of serving for the past 25 years, for their hard work and resilience in a complex and ever-changing environment. Thank you for reflecting our mission so well and providing Cameroonian farmers with the high-quality products and services they expect and deserve.”

“Yara has always placed its employees at the heart of its decision-making process. With this in mind, we have ensured the future security of your jobs through the signing of a long-term exclusivity agreement that guarantees the sustainability of the company. In the coming months, we will support the employees through this transition,” concluded Taz Hassim, HR Director, Yara Africa.

NJS Group commented, “We are delighted with this significant operation, solidifying a long-term partnership, and would like to extend our thanks to the employees of Yara Cameroon as well as the customers who have accompanied Yara Cameroon for many years. In line with our policy of excellence, NJS Group will continue Yara’s strategy of supporting and advising farmers to continuously improve agronomic outcomes and promote new techniques, based on the significant agreement concluded today with YARA ASA. Similar to what the group has achieved in its historical activities in recent years, an investment program will be implemented in fertilizer distribution to fully benefit from the market’s growth potential.”

Distributed by APO Group on behalf of Yara International ASA.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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2 days ago

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February 6, 2026

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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2 days ago

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February 6, 2026

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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2 days ago

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February 6, 2026

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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