German development finance institution DEG announced the acquisition of a minority equity stake in Ashwah Holdings, the parent company of Daraju Industries, one of Nigeria’s leading manufacturers of FMCG products in the personal care and household care segment. Ashwah is also currently a portfolio company of African Capital Alliance (ACA). As part of this deal, DEG will provide growth financing as well as advisory services to the management of the company.

Daraju Industries manuf...