BREAKING: Dangote sells his noddles company to Indomie. could it be that the economic recession in the country is telling on Dangote or the current political system of the nation is not favorable to the richest black man?

- Emerging reports suggest that Dangote has sold his noddles company to Indomie - 

The arrangement also involves the transitioning of some Dangote staff to Indomie Dufil Prima Foods, makers of Indomie noodles, have bought over the noodles section of Dangote Flour mills. According to the Dangote, selling the assets to indomie is a more viable option. In an announcement on Tuesday, April 18, by the company, they said in order to smoothen the transition, it had offered Dufil the use of some of its facilities on an interim basis. 

The noodles business was part of the DFM, which the Dangote Group recently reacquired from Tiger Brands. The Group Managing Director, Dangote Flour Mills, Thabo Mabo, said the divestment was part of strategies of focusing on core areas of flour and pasta production, where the company has substantial market share. 

He said that with the divestment, Dangote Flour would now focus on its strengths in flour and pasta and become more profitable by improving in areas of quality, distribution and marketing. 

The transaction, which became effective last Monday, according to him, is a win-win situation for Dangote Flour Mills, Dufil Prima Foods and workers of Dangote Noodles, as Dangote Flour stands to have more market presence through robust marketing. 

Read more: https://www.naij.com/1100318-breaking-dangote-sells-noddles-company-indomie.html