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| Seyi Makinde with Femi Fapohunda. |
Africorp Consortium, Mouka’s parent company, had the honor of hosting a delegation from the Oyo State Government, led by His Excellency Oluseyi Makinde, the Governor of Oyo State.
In
May 2023, Mouka’s Management team, led by the Managing Director, Mr. Femi
Fapohunda, in the company of Mr. Jaafar Harti, CEO of Africorp Consortium, had
earlier visited Oyo State. During the visit, Africorp Consortium affirmed its
commitment to exploring investment opportunities in Nigeria, focusing on Oyo
State.
Signing
a Memorandum of Cooperation cements this strategic alliance and paves 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 also met with Mr Saad Berrada Sounni, Chairman of
Africorp Consortium, in the company of Mouka’s Management team for
deliberations. His Excellency has since 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.
His
Excellency Oluseyi Makinde, Governor of Oyo State, welcomed this 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, Mouka’s Managing Director, 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.”
Mouka
is a proud member of the Dolidol Group, which is part of the Africorp Consortium
and has its headquarters in Morocco. The company has been in operation since
1959 and is exclusively endorsed by the Nigerian Society of Physiotherapy and
the National Association of Orthopaedic Manual Therapists.
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