Despite Nigeria’s retail sector being dominated by independent formats like Open Markets and Kiosks in terms of absolute store numbers, modern trade formats like Supermarkets and Hypermarkets are stepping up to fulfil the needs of consumers.
Kyei Faried Owura is the brains behind Edwa Global Company, a Ghana based startup revolutionizing food purchase online in the local and international markets while creating jobs for farmers and players across the value chain.
On average fertilizer use most African countries is less than 10 percent of the world’s average with fertilizer access by especially smallholder farmers seems to be the biggest headache.
Nestlé Professional to provide Innscor Kenya with beverage solutions through Alegria vending technology
Nestlé Professional, the out-of-home arm of Nestlé, has entered into a partnership with Innscor Kenya Limited to provide the latter with beverage solutions to its consumers through Nescafé Alegria vending technology.
The Coca-Cola Company and Anheuser-Busch InBev have announced today that they have completed the transition of AB InBev’s majority interest in Coca-Cola Beverages Africa.
Hyatt Hotels & Resorts plans to double the number of Hyatt hotels in Africa, with six new hotels expected to open by 2020.
Thiagarajan Ramamurthy, TRM, is a name synonymous with strategy and tact. He has been a formidable juggernaut in retail and manufacturing industries across Africa.
Cost Plus World Market® has launched its latest focused collection of artisan crafts with CRAFT Africa Collection, in select stores and online.
The Malawi Enterprise Productivity Enhancement (MEPE) is set to open two cooking oil centers of excellence in Mchinji and Phalombe districts.
Unilever has set up a new Africa Hub office as the latest move in an ongoing drive to grow its business across the African continent and help create a Brighter Future for Africa with its portfolio of iconic brands.
Steinhoff Africa Retail has listed in the Broadline Retailers sub sector on the main board of the JSE. Steinhoff Retail Africa (STAR) is the 14th company to list on the JSE this year.
QNET, a company of Asian heritage and a part of the $200 billion global direct selling industry has entered the buoyant direct selling sector in Eastern Africa.
Nestlé Kenya has announced the re-launch of MILO, the very popular cocoa and malt beverage, with a new formulation, Activ-Go.
Over 200 Indian entrepreneurs have expressed interest investing in Rwanda’s various business projects including food processing, renewable energy and ICT.
Paul Langlois-Meurinne is the co-founder and CEO of Optimetriks, a company that has developed an innovative data collection crowdsourcing platform to help Fast Moving Consumer Good companies and institutions monitor their distribution in Africa at outlet levels.
Stakeholders in the textile and clothing industry have described Fashionomics Africa as a veritable platform to tap Africa’s huge potential for fashion.
Africa Business Communities interviews Hope Okoronkwo, the founder and CEO of L’insoumis Ghana Ltd. The startup has cut a niche in the menswear business targeting executives.
As one of the fastest growing international burger franchises, Burgerim is already in 16 countries and are now adding locations in Egypt and the UAE.
EcoSlips is launching a new disruptive service to forever get rid of paper-based transaction slips. Retailers are now able to link their point-of-sale systems to EcoSlips and send transaction slips digitally from any pay point to consumer cell phones.
Nena Okeke is synonymous with resilience and diversity. Having set up her startup in 2008, it took her six years to see it finally up and running.
Twiga Foods, the Kenyan business-to-business food supply platform announced today that it has successfully raised a Series A funding round including $6.3m in equity and $4m in debt instruments.
I am not certain that we, as a nation, have fully grasped the extent to which a declining retail sector can negatively impact our entire economy.
The Food and Agriculture Organization of the United Nations and the African Union Commission have agreed to collaborate on an immediate response to manage and control the fast-spreading Fall Armyworm (FAW) outbreak in Africa.
Ethiopia earned 866 million USD exporting 221,000 tons of coffee during its last fiscal year. According to Ethiopian Coffee & Tea Development and Marketing Authority, it has accomplished 92 per cent of its set goal to increase coffee exports.
The United Nations Industrial Development Organization (UNIDO) and the Government of Japan have launched a project to increase resilience and self-help capacities of South Sudan communities.
BizVibe, a smart b2b networking platform for global b2b buyers and suppliers, has announced the next generation of its b2b networking platform for Africa’s textiles industry.
Growing up in Sierra Leone and emigrating to England in her youth, Sylvia Browne has always enjoyed the West African cuisine and culture of her homeland.
Since inception, Massmart’s Supplier Development Programme has supported as many as 32 small local manufacturers gain access to market and form part of the broader Massmart supply chain.
The Abraaj Group, a leading investor operating in growth markets, announced that it is set to acquire a 100 per cent stake in Java House Group East Africa’s leading coffee-led casual dining chain.
Kaap Agri Limited has listed in the “Speciality Retailer” sector of the JSE’s Main Board. Kaap Agri is the 7th company to list on the JSE this year.
The official launch of Zimbabwe’s Support to Beef and Leather Value Chain Technical Assistance Project took place on June 15th, 2017 in Harare, attracting more than 100 participants.
Kenyan food is set to be safer than ever after the European Union made available state-of-the art equipment that will enable national food control authorities to test the quality and safety of a wide range of food products.
The President of the African Development Bank Group, Akinwumi Adesina, was honored with the 2017 Gene White Lifetime Achievement Award by the Global Child Nutrition Foundation in Washington D.C., on Tuesday, 13 June 2017.
VLCC, a leader in slimming and beauty across Middle East and Africa,has announced the launch of a 45-day-long initiative titled ‘Festival Of Beauty’ starting from June 10 until July 15.
Angola to Explore Business Opportunities in Agriculture, Dairy, Meat, Oil and Gas and Mining - Report
Angola is one of the fastest growing and most promising economies in Africa. Angola's high GDP growth is driven by high international oil prices.
Lexta Ghana Limited (LGL), producers and suppliers of Yazz range of products and Hooch Foods has announced plans to grow its presence in Africa after successfully setting up shop in Liberia.
When the world thinks of fine-dining, African food is not often at the top of the list of cuisines to be considered, something which Ghana-born Adwoa Hagan-Mensah is working hard to change.
The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department has banned the import of poultry meat and products, including poultry eggs from DR Congo following outbreaks of high pathogenic H5 avian influenza
The Dangote Group shone at the just concluded 2017 Gateway Trade fair which was held in Abeokuta, emerging as the second most patronised exhibitor.
[Nigeria] OGUNCCIMA lauds Dangote Group’s collaboration as Group’s subsidiaries offer products at subsidised prices
The Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has commended the Pan African Conglomerate, Dangote Group for its giant strides in economic development of the country through massive investments in several sectors of the economy describing the feat as worthy of emulation by other Nigerians.
On average Kenya imported around 500,000 metric tons of fertilizer each year to sate growing demand by farmers both large and small scale, emerging as the second largest fertilizer market in Africa after South Africa in overall tonnage.
GBfoods, a leading multinational food company headquartered in Barcelona, and Helios Investment Partners, a premier Africa-focused private investment firm, have partnered to create one of Africa's largest FMCG businesses.
Guinness Nigeria Plc, the nation’s leading alcoholic beverage manufacturer and a subsidiary of Diageo Plc, has released its unaudited results for the nine months ended 31 March, 2017.
Mastercard and McDonald’s have entered into a strategic collaboration that will bring simpler and faster payment options to all McDonald’s customers when buying their favorite meal in store, at the drive thru or when ordering it online.
IFC, a member of the World Bank Group, is investing $22 million to support the expansion of Bounty Brands, a South African platform that sells food, personal care and home care goods in over forty countries globally.
The Norwegian Investment Fund for Developing Countries (Norfund) has announced an investment of $7.4 million in Verde Beef Processing PLC, an Ethiopian beef producer.
Akinwumi Adesina, president of the African Development Bank (AfDB), says billionaire businessman, Aliko Dangote, may become the largest exporter of rice in the world by 2021.
The Crazy Store, South Africa’s largest discount variety chain, has announced that it will not only open its 300th store, but will also expand its African footprint to include Botswana.
[Nigeria] Dangote Flour Mills profit soars to $30 million since reacquisition from Tiger Branded Consumer Goods of South Africa
Dangote Flour Mills has posted a profit before tax of N11.82 billion for its financial year ended December 31, 2016. According to the results released on the floor of the Nigerian Stock Exchange (NSE), the company has returned to profitability after four years of losses.
Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, and the Mabrouk Group, Tunisia's preeminent investment group, will be introducing a new luxury experience to Tunisia with the opening of Four Seasons Hotel Tunis in late 2017.
Days after exiting retail group Nakumatt Holdings, Thiagarajan Ramamurthy has been named the new chief executive of consumer goods producer Bidco Africa.
Long serving regional operations and strategy director of Nakumatt Supermarket Thiagarajan Ramamurthy has left the retailer, as the company announced a major executive reshuffle.
Marriott International, Inc. has announced its first property in Kenya with the opening of Four Points by Sheraton Nairobi Hurlingham. Owned by Kamcan Properties Limited, the hotel is strategically located in the upmarket suburb, close to the city center
Restaurant Brands International in deal with Servair S.A to grow Burger King brand in Sub Saharan Africa
Restaurant Brands International Inc. ("RBI") has announced that Burger King Europe GmbH ("BKE") has closed a multi-country development agreement in sub-Saharan Africa with Servair S.A
The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the feat to Dangote Cement which spearheaded the backward integration policy introduced by the government.
Despite being impacted by the weak economy, packaged food recorded value sales growth of 8% in 2016, increasing only marginally compared with the previous year. Most packaged food categories in Tunisia recorded healthy growth rates in 2016.
Food preparation appliances grew by 3 per cent in retail volume terms in 2016, with mixers continuing to be the largest category.
The total Africa Pet Nutraceuticals market is valued at over $291.2 million with the value expected to rise tremendously by the year 2020.
The management of Dangote Salt and the National Agency for Food and Drugs Administration and Control (NAFDAC) () have expressed their readiness to collaborate and corroborate efforts to rid the food market of unwholesome practices by unscrupulous traders.
Following the release of the Mastercard Index of Women’s Entrepreneurship (MIWE) today, it was revealed that 34.8 percent of businesses in Uganda are owned by women, making it one of the top performing African countries highlighted in the index.
About 92 per cent of South Africans reveal they are willing to pay an above-average price for products that deliver higher quality, offer superior functioning (91%) or stand behind environmentally responsible (86%) or socially responsible (77%) principles; this despite economic limitations where only 50% of the population believe that they are financially better off than five years ago.
On February 28, 2017, the President of the African Development Bank visited the Kenana Sugar Company (KSC) in Sudan, which is by far Africa’s largest sugar-producing agro-industrial complex and world’s largest producer of white sugar.
Mr Price Group has appointed Mark Bowmans as an independent non-executive director with immediate effect. His appointment comes as the Board seeks to refresh its membership and strengthen its international skills base.
Syngenta’s Seedcare program for smallholder farmers in Senegal has led to impressive yield increases for pearl millet, sorghum, maize, irrigated rice and rain-fed rice.
Nigeria’s foremost total beverage alcohol company, Guinness Nigeria Plc, has released its Sustainability Report for 2016, reporting its performance on various aspects of its operations, while outlining its sustainability targets for the future.
Vodafone Zambia has announced a partnership with South African food retail chain Shoprite, that allows the 4G internet provider to set up shop-in-shop stores at various Shoprite outlets.
Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL), an arm of the Central bank of Nigeria (CBN) has announced plans to launch a $300 million agribusiness loan project for young farmers across the country.
French multinational hotel group Accor Hotels has entered into three partnerships with Ethiopian investors for the construction and management of 3 hotels in Addis Ababa.
Africa is ready to take its place on the world stage, as the poultry industry is evolving, from a national and regional basis to a more global platform, according to RaboResearch’s latest report ‘Time for Africa: Capturing the African Poultry Investment Opportunity’.
Guinness Nigeria Plc confirms that it has responded to a court process at the instance of Pharma Deko Plc which alleges that Guinness Nigeria is contractually indebted to Pharma Deko.
Vivian Ngwodo is part of a new generation of women, particularly women of African descent, who are using technology to take ownership of the entrepreneurial landscape.
Ghana has gotten its first noodles factory. The move which was powered by the Blow group, manufacturers of Bel-Aqua, will employ about 500 people.
Regional retailer, Nakumatt Holdings, says it has completed the first phase of the Warehouse Management System, WMS, integration project at its Nairobi hub, as it seeks to embrace technology to bolster efficiencies in the supply chain in its regional operations.
[Ghana] Olam becomes first West African biscuit manufacturer to earn international food safety standard
Olam, Ghana’s Nutrifoods Biscuit factory, has becpme the first biscuit manufacturing facility in West Africa to earn international recognition for compliance in food safety standards after it was awarded the Food Safety System Certification Scheme (FSSC) 22000 accreditation along with the company’s tomato paste plant in Tema.
Richmeal to sell Richmeal trademark Brand Licensing and Product Extension to American Brand Management Company for $3 Million
The founder and CEO of HoveHive Group, a leading chartered management brand representing fast moving consumer goods brands, Mr. Emmanuel Oguejiofor has revealed that Richmeal is set to sell ‘Richmeal trademark brand licensing and product extension to American Brand Management Company for $3 million