Browsing: BIC

Bic, the French manufacturer of pens has been running a programme among Kenyan schools that aims to strengthen the entrepreneurial skills of young minds and at the same time helping promote conservation spirits.

The BIC Education Challenge launched late last year as a partnership between BIC East Africa, the BIC Corporate Foundation, and Enactus Kenya. The challenge which focuses on fostering better learning conditions by promoting social entrepreneurship and innovation in education saw submissions from students from all over the country. Five shortlisted projects were invited to present in front of a panel of BIC experts at the BIC East Africa headquarters in Kasarani.

The competition is supported by Enactus, the world’s largest experiential learning platform dedicated to developing the next generation of entrepreneurial leaders and social innovators. The Enactus network of global business, academic, and student leaders are unified by their vision—to create a better, more sustainable world.

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Societe Bic, the global owner of the Bic brand has announced that it has signed a definitive agreement to acquire 100% of Lucky Stationery Nigeria Ltd (LSNL). The transaction has been reviewed and approved by the Nigerian Federal Competition and Consumer Protection Commission (“FCCPC”). The closing is expected end of 2019.

LSNL is Nigeria’s number one Writing Instruments manufacturer, with approximately 5 million euros in Net Sales and approximately 30% market share in volume. Its main Writing Instrument manufacturing facility is currently located in Ilupeju-Lagos and will be relocated to a new modern facility north of Lagos in Shagamu.

BIC has been operating in Nigeria for more than forty years through a distribution partnership with CFAO – Nipen. LSNL’s brand, product portfolio, and distribution network will strengthen BIC’s current position in Nigeria.

This acquisition is consistent with BIC’s continued growth strategy in Africa. Nigeria is the largest economy and most …