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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description
Establish agro-industrial processing facilities across the value chains in the Special Agro-Industrial Processing Zones (SAPZ).
Increase value added in food chains, strengthen economic growth and generate decent jobs.
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
Annually, Nigeria imports over USD 300 million worth of dairy products alone.
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
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Case Study: TAMARAP provides healthy plant-based solutions with international quality standards
Tamarap International Company Limited (TAMARAP), a finalist of the EU-UNDP Nigeria Growth Stage Impact Ventures (GSIV), is a Nigeria agri-business focused on alleviating malnutrition in Africa and beyond by providing healthy plant-based solutions produced locally with international quality standards. The company was established in 2014 in Lagos and supplies dietary and nutritious products through its brand “PachaMama Foods”.
Photo by TOMATO JOS
Case Study: TOMATO JOS makes retail-packaged food products for consumers across all income brackets
Established in 2014, TOMATOS JOS Farming and Processing Limited, a finalist of the EU-UNDP Nigeria Growth Stage Impact Ventures (GSIV), is a social enterprise based in northern Nigeria that makes retail-packaged food products for consumers across all income brackets, sourcing raw materials from a network of smallholder farmers who have been transformed from subsistence growers to profitable commercial farmers.