Posts tagged ‘Spending Power in Africa’

Dabur India Invests in Africa

This is a must read for executives and professionals searching for Careers in Africa.

Dabur Sees Africa as Growth ‘Epicenter’

According to a recent report on Bloomberg, Dabur India Ltd., a maker of packaged honey, traditional medicine and hair oil, plans to set up two new factories and introduce more products in Africa as part of a goal to almost double profit in three years.

As a recruitment agency specializing in recruiting for Africa, we think this is sure to create Jobs in Africa.

Daburs factories in Johannesburg and Nairobi will start production by June next year. Expanding overseas may help Dabur boost profit to 10 billion rupees ($221 million) by March 2014.

Due to the intense competition in the Indian market from Unilever, Procter & Gamble and L’Oreal, Dabur wants to moveand spring out to other emerging markets.

Dabur feels that the Africa market is the epicenter of their growth prospects for the future, both for revenue and profitability.

Consumer spending in Africa may double to as much as $1.8 trillion by 2020 as infrastructure improves and farm output increases.

To tap the demand in Africa, Dabur has built two factories in Egypt and one in Nigeria that make products such as hair oil and toothpaste. This will lead to the requirement for staffing and headhunting solutions for suitable executives to fill in permanent or contract jobs.

Dabur has also taken over the Turkish Hobi Kozmetik Group and U.S.-based Namaste Laboratories LLC and is present in Africa under these brand names.

Marico Ltd. and Godrej Consumer Products Ltd., Indian competitors of Dabur, are also expanding in Africa through acquisitions.