News
We track thousands of news sources to identify trends across African markets. Our expert team provides detailed analysis to breaking events
The Egyptian goverment is applying pressure to traders and manufacturers to reduce food prices
The Egyptian government is applying pressure to traders and manufacturers to reduce food prices. It is seeking significant price reductions of 15%-20% before the end of March 2024 and reductions of 30% by the end of Eid Al-Fitr. The government has completed customs...
Maziwa, owner of Uganda’s Lato milk brand, set to acquire Kenyan dairy Highland Creamers
Maziwa, the Mauritian holding company that owns the Ugandan milk processor Pearl Dairy Farms has been given permission by the Comesa Competition Commission to acquire a 100% stake in Kenyan dairy company Highland Creamers & Food. Pearl Dairy Farms was founded...
New tomato processing factories open in Nigeria and Madagascar
New tomato factories have opened in Nigeria and Madagascar. The Nigerian factory is owned and operated by GB Foods, has cost N20bn ($14.2m) and is the second largest tomato processing factory in Nigeria. GB Foods first announced its new tomato processing factory in...
Mutandis opens its new 40,000sqm detergents, personal care and soft drinks factory
Moroccan FMCG manufacturer Mutandis has opened a new factory at its site in Berrechid, 40km from Casablanca. The new factory complex costs MAD285m ($28.3m) and covers 40,000sqm. The factory will manufacture three types of products: body washes, liquid detergents...
Nigeria lifts fx restrictions on imported dairy products
The Central Bank of Nigeria (CBN) has lifted restrictions on the importation of milk and dairy products. The restriction has been in place to February 2020, when the CBN announced that milk importation would be limited to six companies: Nestlé, FrieslandCampina,...
Angola bans the sale of alcohol in sachets
Angola has banned the production, import and sale of alcohol in small plastic sachets, known as "packages" locally. The measure has been enacted to safeguard public health and regulate trade. It has come into force after a 60 day notice period advising businesses...
Shoprite takes full ownership of three shopping malls in Nigeria
South African supermarket retailer Shoprite Holdings has taken full ownership of three malls in Nigeria totalling 30,015m2 of lettable retail space. Delta Mall, Owerri Mall and Asaba Mall were jointly owned with Resilient Reit, a South African based mall owner and...
Wasoko exits Tanzania, “pauses” operations in Uganda and Zambia
Kenyan B2B ecommerce platform Wasoko has reportedly closed its operations in Tanzania and "paused" its operations in both Uganda and Zambia. The move means that while Wasoko will retain an office in Zanzibar it now operates only in Kenya, Rwanda and DRC. In...
JD Sports is partnering with Foschini Retail Group (TFG) to launch 40 stores in South Africa
UK sportswear retailer JD Group has announced a partnership with Foschini Retail Group (TFG) to bring the JD brand to South Africa. Initial plans are for TFG to launch 40 stores across South Africa over the next five years. JD Group had revenues of £10.13bn...
Kerry opens a new $5m manufacturing facility in Uganda, its fourth in East Africa
Ingredients and nutrition company Kerry has inaugurated a new $5m manufacturing facility in Uganda, the latest development in a major expansion plan in East Africa. The new facility means that Kerry has a manufacturing footprint in Kenya, Tanzania, Rwanda as well...
Rwanda sees an 11.7% increase in the use of glass bottles as a result of its ban on single use plastics
Rwanda saw an 11.7% growth in glass bottle usage between 2022 and 2023 as a result of the ban on single use plastic bottles, which was implemented in 2019. The law prohibits the manufacture, importation, use or sale of single-use plastic bottles in Rwanda....
Starbucks laying off 2,000 employees across the MENA region
Starbucks franchisee Alshaya Group, which operates the coffee shop chain across the Middle East and North Africa, has announced it will lay off around 2,000 employees as anti-American boycotts bite in the wake of the conflict in Gaza. Kuwait-based Alshaya operated...
Heineken set to sell Nigerian brewer Champion Breweries to EnjoyCorp
Heineken will sell its interest in Nigerian brewer Champion Breweries to EnjoyCorp, a local holding company. The Dutch brewer, which will still majority own the market-leading Nigerian Breweries, will sell The Raysun Nigeria Company Limited, which owned an 86.5%...
Strong performance from Shoprite and Woolworths Food in the six months to end December 2023
Shoprite has once more increased market share in South Africa. The South African supermarket group, which owns the Shoprite, Checkers and Usave chains has seen double-digit sales growth across its three key retail brands. The group has reported sales growth...
Alcohol retailers under pressure as local government in Kenya clamps down on outlets
The Nairobi City County Government (NCCG) continues to push for the closure of more stores selling wine and spirits. In its latest initiative, it is closing store sites near matatu (minibus) and bus stops across Nairobi. The move has resulted in more than 30 stores...
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