Tropigalia Mozambique has sold a minority stake to Tibo Capital

Kibo Capital has bought a minority stake in consumer product distributor Tropigalia, a FMCG company that distributes brands such as Pioneer Foods and Colgate-Palmolive to Maputo, Beira and Nampula in Mozambique. This undisclosed funding will expand distribution agreements. Tropigalia was founded in 2004 by Adolfo Correia and distributes over 3,000 brands with a workforce of over 350 employees.

 

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