Johnvents Group

Johnvents Group
IndustryAgriculture
Founded2016
FounderJohn Alamu
Headquarters
Nigeria
Websitehttps://www.johnvents.com/

Johnvents Group is a multinational corporation active in agribusiness and manufacturing. Founded in 2016, the company operates across Africa, Asia, and the Middle East.[1][2][3][4]

History

Johnvents Group was established in 2016 by John Alamu to enhance agro-commodity outputs by engaging both smallholder and large-scale farmers.[5][6][7] The company expanded its operations through investments in processing, trading, and manufacturing.[8]

Key Milestones

In 2021, Johnvents Group established an 18,000 metric ton (MT) cocoa processing facility, the Johnvents Cocoa Factory, to produce cocoa derivatives for export to Europe and North America.[9][10][11] That same year, the company received commendation from the then Governor of Ondo State, Rotimi Akeredolu, during the commissioning of a 15,000 MT cocoa facility.[12][13] In 2022, Johnvents Industries Limited was awarded Best Cocoa Dairy Company in Nigeria at the BusinessDay Leadership Awards.[14][15]

In 2023, Johnvents partnered with Lagos Rice Company, redeemed a N5.5 billion commercial Paper,[16][17] and acquired Premium Cocoa Products Ile-Oluji, increasing its cocoa processing capacity to 48,000 MT annually.[18][19] In October 2023, the African Export-Import Bank signed a term sheet with Johnvents Industries Limited for a US$40 million pre-export facility to support the processing and export of agricultural commodities.[20][21]

By 2024, Johnvents was Nigeria's largest exporter of sesame seeds, second in Africa and fourth globally, generating ₦700 billion (US$200 million) in export revenue from cocoa derivatives, soybeans, and other commodities.[22][23] During the same year, the company entered into a ₦35 billion financing agreement with the International Finance Corporation to support its cocoa operations[24][25][26] and expand Johnvents' cocoa processing capacity and its export to global markets. In June 2024, the Federation of Cocoa Commerce announced Johnvents Industries Limited as a voting member under Production and Exportation category[27]

In 2025 the British International Investment,[28] the UK's development finance institution, announced a $40.5 million investment in Johnvents Group.[29][30][31][32][33][34]

Subsidiaries

  • Johnvents Industries DMCC[35]
  • Johnvents Foods
  • Johnvents Cocoa Factory
  • Johnvents Trading (JVT)
  • Premium Cocoa Products Ile-Oluji (PCPIL)

References

  1. ↑ Partners, N. M. (2023-12-08). "Johnvents Industries Limited Receives a BBB+ Investment Rating Upgrade by GCR Ratings". Nairametrics. Retrieved 2025-03-09.
  2. ↑ "Our quest is to build Africa's largest food, agribusiness group — Johnvents". BusinessDay. Lagos, Nigeria. 22 October 2023.
  3. ↑ "Johnvents, Nigeria's agribusiness firm, launches commodities trading subsidiary in UAE". BusinessDay. Lagos, Nigeria. 20 May 2024.
  4. ↑ "Nigerian agro-allied firm partners Ugandan farmers on cash crops production, sales". BusinessDay. Lagos, Nigeria. 29 July 2024.
  5. ↑ "Nigerian agro-allied firm partners Ugandan farmers on cash crops production, sales". BusinessDay. Lagos, Nigeria. 29 July 2024.
  6. ↑ "Why we're supporting 150,000 farmers in Nigeria's cocoa industry by 2030 — Johnvents Group". BusinessDay. Lagos, Nigeria. 27 February 2025.
  7. ↑ Agyeman-Mensah, Kwab'na (2025-04-30). "BII, FMO, BIO, DEG and PROPARCO support smallholder farmers through sustainable coffee, cocoa and cotton sourcing and trading". British International Investment. Retrieved 2025-05-18.
  8. ↑ Writer, Staff (2025-02-28). "Entrepreneur tapping into Nigeria's cocoa opportunity". How we made it in Africa. Retrieved 2025-05-18.
  9. ↑ "Johnvents, Nigeria's agribusiness firm, launches commodities trading subsidiary in UAE". BusinessDay. Lagos, Nigeria. 20 May 2024.
  10. ↑ "Johnvents Industries Processes 5,000 Metric Tonnes of Cocoa in 6 Months". This Day. Retrieved 2025-03-09.
  11. ↑ Nwafor (2021-12-07). "Akeredolu to open Johnvents Cocoa factory today". Vanguard. Lagos, Nigeria. Retrieved 2025-03-09.
  12. ↑ https://www.premiumtimesng.com/promoted/500166-akeredolu-lauds-johnvents-n15-billion-cocoa-processing-investment-in-ondo.html
  13. ↑ Africa, B. I. (2025-05-05). "From Ondo to the world: Meet Johnvents Group — the agribusiness giant quietly building Africa's future". Business Insider Africa. Retrieved 2025-05-18.
  14. ↑ Mind, Oyo (2022-12-04). "BusinessDay Leadership Award: Johnvents Industries Limited Emerges as 'Best Cocoa Dairy Company' in Nigeria". OYO MIND. Retrieved 2025-03-09.
  15. ↑ https://www.premiumtimesng.com/promoted/500166-akeredolu-lauds-johnvents-n15-billion-cocoa-processing-investment-in-ondo.html
  16. ↑ "Johnvents Industries Redeems N5.5bn Commercial Paper". This Day. Retrieved 2025-03-09.
  17. ↑ Africa, B. I. (2023-06-22). "Johnvents Group partners with Lagos Rice Company (LASRICO), reiterates commitment to the development of commodity exchange in Nigeria". Business Insider Africa. Retrieved 2025-03-09.
  18. ↑ Nwafor (2025-02-27). "Partnership between Johnvents Group, British international investment, will boost cocoa production in Africa - Alamu". Vanguard. Lagos, Nigeria. Retrieved 2025-03-09.
  19. ↑ BusinessDay (2024-02-22). "Johnvents Industries redeems N3.68bn series 4 commercial paper". BusinessDay. Lagos, Nigeria. Retrieved 2025-03-09. {{cite news}}: |last= has generic name (help)
  20. ↑ "After IFC and Afreximbank, BII bets on Nigerian cocoa processor Johnvents - Africa Business+". africabusinessplus.com. 2025-02-20. Retrieved 2025-05-18.
  21. ↑ "Afreximbank signs term sheet for US$40million pre-export facility for Johnvents Industries Limited". African Export-Import Bank. 2023-10-27. Retrieved 2025-05-18.
  22. ↑ "Nigeria exported Sesame worth N700bn in 2024 – NEPC". Daily Trust. 2025-03-06. Retrieved 2025-03-09.
  23. ↑ "Second in Africa, fourth globally, Nigeria grows sesame seeds exports to N700bn". www.newsscrollngr.com. Retrieved 2025-03-09.
  24. ↑ Premium Times https://www.premiumtimesng.com/business/business-news/703782-ifc-nigerias-johnvents-sign-n35-billion-cocoa-financing-deal.html. Retrieved 2025-03-09. {{cite news}}: Missing or empty |title= (help)
  25. ↑ "IFC and Johnvents Partner to Boost Nigeria's Cocoa Production and Export Capacity". IFC. Retrieved 2025-03-09.
  26. ↑ "Disclosure". disclosures.ifc.org. Archived from the original on 2024-07-03. Retrieved 2025-03-09.
  27. ↑ Akure, Osagie Otabor (2024-06-28). "Johnvents now voting member of FCC". The Nation. Lagos, Nigeria. Retrieved 2025-03-09.
  28. ↑ Nwafor (2025-02-27). "Partnership between Johnvents Group, British international investment, will boost cocoa production in Africa - Alamu". Vanguard. Lagos, Nigeria. Retrieved 2025-03-09.
  29. ↑ "MSN". www.msn.com. Retrieved 2025-03-09.
  30. ↑ Adaji, Daniel (2025-02-18). "UK-backed $40.5m deal to boost Nigeria's cocoa industry". The Punch. Retrieved 2025-03-09.
  31. ↑ Oke, Temitope (2025-02-18). "UK, Nigerian Firm in $40.5 Deal to Boost Cocoa Output". Retrieved 2025-03-09.
  32. ↑ Oji, Helen (2025-02-18). "BII partners Johnvents, to drive cocoa sector growth with $40.5m investment". Blueprint. Abuja, Nigeria. Retrieved 2025-03-09.
  33. ↑ ianlewis (2025-02-21). "BII provides $40.5m financing for Nigerian cocoa firm Johnvents". Impact Investor. Retrieved 2025-05-18.
  34. ↑ Agyeman-Mensah, Kwab'na (2025-02-18). "Johnvents Group and BII partner to drive sustainability and growth in Nigeria's cocoa sector with $40.5m investment". British International Investment. Retrieved 2025-05-18.
  35. ↑ Partners, N. M. (2024-05-29). "Johnvents Group launches its global commodities trading subsidiary in the UAE". Nairametrics. Retrieved 2025-03-09.
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