Kasapreko Loses About $2M Due To Closure Of Nigeria-Benin Border

Ghana’s largest local beverage manufacturer, Kasapreko, has so far lost about $2 million (GH¢10.9 million) in revenue due to the closure of the Nigerian-Benin Border, the Head of International Business Development for the company has said.

According to Francis Holly Adzah, even though the beverage firm “managed to send in three trucks of products to the Nigerian market moments before the border was closed,” four other trucks loaded with products – one at the border and the others at the premises of the manufacturing company – have been left grounded.

“In September, we lost $1 million to the closure. October is almost ended and our checks show a loss of another million dollars. The situation is getting out of hand and very serious,” Mr Holly Adzah told JoyBusiness in an exclusive interview.

According to JoyBusiness, the beverage firm has exhausted all of its products in the Nigerian market – a critical situation which has seen them being overtaken by competitors.

Meanwhile, Kasapreko says it is venturing into other ready markets apart from Nigeria to make up for the losses.

According to Mr Holly Adzah, the company is looking at entering Ivory Coast, Senegal, Togo, Benin and other European markets.

Ghana’s exports to Nigeria was $80.96 million in 2018, according to the United Nations COMTRADE database on international trade.

source: myjoyonline

Click on the comment box below and leave us your thoughts. Thank you.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The Latest

Kuulpeeps is a social news, lifestyle and entertainment brand for the young Ghanaian. Kuulpeeps is leading millennials through the journey of discovering news, engaging with content and interacting with one another through the use of tailored content platforms, social media executions and new media.

What started primarily as a campus focused site is growing into a media brand focused on satisfying the curiosity of young people across different geographic locations and lifestyles. Kuulpeeps seeks to be the leading content brand for youth interaction in Ghana and beyond.


For sales inquiries:

To submit your articles or inquiries/reports to the editor:

To provide any other feedback:

Copyright © 2019 Kuulpeeps.

To Top