News
We track thousands of news sources to identify trends across African markets. Our expert team provides detailed analysis to breaking events
Supermarket chain Spinneys plans IPO and expansion into Saudi Arabia
The UAE-based franchisee of the Spinneys supermarket chain in the UAE and Oman plans to sell a 25% stake in Spinneys holding company Spinneys 1961 Holding plc. Albwardy Investment, the UAE-based holding company that owns the franchise, also plans to launch Spinneys...
Goodwell invests in B2B buying platform OmniRetail, kickstarts its Series A funding round
OmniRetail, the Nigeria-based online B2B grocery buying platform, has received an undisclosed investment from Dutch impact investor Goodwell Investments. Goodwell has invested via its uMunthu II fund alongside partner Alitheia Capital, effectively starting...
Tiger Brands opens its new $15.8m peanut butter factory in Krugersdorp
Tiger Brands, the owner of South African peanut butter brand Black Cat, has announced it has invested R300m ($15.8m) into a new manufacturing facility in Chamdor, Krugersdorp. The new factory replaces an older site. In its most recent financial results, Tiger...
J&J’s Benylin cough syrup is recalled in several African markets
South Africa's health regulator is recalling batches of Johnson & Johnson's children's cough syrup Benylin after high levels of diethylene glycol were detected. The batches, 329304 and 329303, date from 2021 and were sold in South Africa, Eswatini, Rwanda,...
Chinese online discount consumer goods marketplace Temu has started operations in Morocco
Chinese online discount consumer goods marketplace Temu has started operations in Morocco, having opened in South Africa, its first African market, in January 2024. Temu has reportedly signed an agreement with Poste Maroc/Barid Al-Maghrib subsidiary Chrono Diali to...
Haircare salon app Zuri receives expansion investment from Launch Africa Ventures
Launch Africa Ventures, a Pan African Venture Capital firm, has announced it has invested an undisclosed amount into Zuri, an emergent start-up within the haircare and cosmetics sector. This comes after Zuri closed a $1.25m round in 2023 and launched a new $5m...
Why new EU coffee regulations could impact FMCG imports into Ethiopia
A new EU framework designed to prevent deforestation and which imposes due diligence requirements on the production of six key agricultural products, is likely to add cost and complexity to Ethiopian coffee exporters. It could potentially also have secondary...
Baladna signs an agreement to build a farm in Algeria to produce milk powder
Qatari dairy company Baladna has signed an agreement with the Algerian government to build a farm in Algeria for the production of powdered milk. The farm will cover 100,000 hectares and aim to produce 200,000 tonnes of powdered milk annually. In March...
Shoprite joins Tesco, Ahold Delhaize, Woolworths (Aus/NZ) and Empire to form retail venture capital firm
Shoprite has co-launched a $125m venture capital fund with Tesco, Ahold Delaize, Woolworths Group and Empire Company/Sobeys. The fund will have a focus on sustainability in retail. The fund is called W23 Global and will be run out of Sydney by Ingrid Maes, who is...
Nigerian supermarket chain Justrite trials mobile self-checkout
Retail startup Jump n Pass has partnered with Nigerian chain Justrite to activate its mobile self-checkout at Justrite supermarkets in Nigeria. The system is currently operating at its Bariga, Lagos outlet. The plan is to roll out the mobile self-checkout to all 26...
Alshaya Group opens the first Chipotle Mexican Grill fast food outlet in the Middle East
Fast food chain Chipotle Mexican Grill has opened its first outlet in the Middle East. The American QSR franchise has partnered with Alshaya Group, the major Middle Eastern QSR and retail operator that also operates franchises of Starbucks, Shake Shack, The...
Abidjan bans street vendors from major roads and intersections
Abidjan bans beggars, street sellers and go-slow vendors who operate along the city's major roads. At the beginning of March the governor of Abidjan, Ibrahim Cissé Bacongo, declared that he disliked itinerant traders and beggars and wanted to find an alternative to...
Arçelik acquires Whirlpool’s Middle East and North Africa (MENA) operations
Arçelik, Beko’s parent company, has acquired Whirlpool’s Middle East and North Africa (MENA) operations. Arçelik now owns Whirlpool’s UAE and Morocco businesses and manages Whirlpool's major domestic appliance (MDA) business in the MENA region. In January...
Heineken opens a new production line at its Braliwa brewery in Rwanda
Heineken subsidiary Braliwa has opened a new production line at its Gisenyi brewery in Rubavu district, from where it has brewed since 1957. The move is part of a €30m ($32m) expansion project designed to allow the company to scale more sustainably and achieve net...
Algerian dairy company Giplait opens six new outlets in Oran
The Giplait dairy company has opened up six new dairy outlets in the Algerian city of Oran. The initiative is designed to improve the penetration of its products in one of its key growth markets. Giplait produces fresh milk, skimmed milk, butter, cream, yoghurt and...
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