Headlines
BUA purchases two ships to improve logistics

BUA Foods, headquarter in Lagos, Nigeria was created in 2021 through the consolidation of five operating units into a single publicly-traded company.
The company recently has taken delivery of the first of two bulk vessels to augment its sugar export operations to the West African market.
“As we drive our business for growth with a focus on sustainable returns, and benefit to all our stakeholders and the Nigerian economy, owning a shipping vessel is an important step in BUA Foods strategy,” said the Chairman of BUA Foods, Abdul Samad Rabiu.
The refined sugar is processed from BUA Foods’ sugar refinery located in Port Harcourt. The refinery has a capacity of 750,000 metric tons and is equipped to process all grades of sugar. The vessel will berth at BUA’s port and terminal increasing export capacity while reducing operating costs.
“Owning a vessel to export sugar is a crucial enabler of flexibility and agility in our total supply chain as it allows our customers to tackle time-critical fulfillment challenges due to timely availability of their goods,” said Ayodele Abioye, Managing Director of BUA Foods.
The first vessel, Bundu, is now operating from Nigeria. The second vessel is expected to arrive by the end of the second quarter of 2022. It will be used to promote cross-border trade to businesses across the West African region and other African countries.
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