[Kenya] Manufacturers, retailers, suppliers sign Code of Practice to guide prompt payment in retail sector
Kenya Association of Manufacturers, Association of Kenya Suppliers and Retail Trade Association of Kenya have signed the Retail Trade Code of Practice to guide prompt payment in the retail sector.
The Tomato Growers Association of Nigeria (TOGAN) has urged the Federal Government to establish cottage processing plants in tomato producing areas.
The Nigerian Stock Exchange, NSE, has announced the review of the NSE-30, and the eight sectoral indices of the Exchange
AgroCenta has been selected to be the recipient of $250,000 GSMA Ecosystem Accelerator Grant, funded by UK DFID, Australian AID, and the GSMA and its members.
Mondelēz International, Inc. is set to sell Kraft-branded Cheese Business in Africa and Middle East to Denmark dairy company Arla Foods.
According to a report released by Stanbic Kenya PMI, operating conditions in Kenya’s private sector economy improved solidly in November, although the rates of growth in output and new orders were marginally below those seen in October.
With its open trade environment, loosening tax policies, and development plan that encourages investment, Zambia has become an enticing market for business, especially over the past five years.
Domino's Pizza is continuing its global growth momentum with the opening of its first store in Port Louis, Mauritius.
Researchers at the International Centre of Insect Physiology and Ecology (icipe) in Nairobi, Kenya, have discovered a new, previously undescribed edible cricket with great promise for mass production.
The United Nations WFP has received US$5m from the Government of Japan to enable scale-up a programme addressing undernutrition, micronutrient deficiencies and obesity in Ghana.
The Capital Markets Authority (CMA) has suspended Deacons (East Africa) Plc shares from trading at the Nairobi Securities Exchange.
IFC, a member of the World Bank Group, TLcom, and the Global Agriculture and Food Security Program (GAFSP) have announced a $10 million investment in Twiga Foods.
Standard Bank Group ordinary shares, Standard Bank Group second preference shares and South African fast-moving consumer goods group AVI shares begin trading on A2X today.
Twiga Foods, a Kenyan mobile phone platform that sells bananas and other produce from small-scale farmers to local vendors and markets is offering local farmers access to a transparent marketplace.
South African fast-moving consumer goods group AVI Limited (Code: AVI) is to become the first FMCG company to list on A2X.
Spanish fashion retailer Zara has launched online sales through a dedicated worldwide online platform bringing its fashions to customers in 106 new markets.
After a prolonged period of economic stagnation and decline, African economies have experienced rapid growth over the last two decades. Poverty and malnutrition have fallen steadily during that period.
Small and medium sized businesses in Kenya represents 75 per cent of the country's workforce, constitute 98 percent of all businesses in Kenya and contribute 3 percent to the national purse.
Nestlé Nigeria has collaborated with Lagos Business School (LBS) to run a Sales Academy to train and equip its employees.
Angola could raise at least US $ 200 million annually with the taxation of basic products, Angola's Association of Industries (AIA) president José Severino has said.
Global provider of nutrition and beauty products Organo has formally expanded its Africa footprint into South Africa.
Food and beverage company Nestle has recorded a 50 per cent reduction in the consumption of water per ton of product for the last three years at its Nairobi factory, occasioned by a cocktail of low cost water conservation measures it has been employing.
Ethiopia's wheat production has consistently lagged other African nations. The Wheat Initiative raises hopes, but what happens when results don't meet expectations?
Ngamiland community has been urged to support Nhabe Agricultural Management Association (NAMA) towards the construction of a multi-species community abattoir in Sehithwa.
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.
With South Africa having the most advanced and refined food and beverage market on the African continent, Frost & Sullivan believes in a 4 to 7 per cent estimated growth in the sector by 2020.
Nestlé Nigeria signed a Memorandum of Understanding with Diamond Awards for Media Excellence (DAME) Trust Fund to institute a ‘Nestlé Prize for Nutrition Reporting.’
The Department of Trade and Industry of South Africa, UNIDO and the Swiss State Secretariat for Economic Affairs have signed a €1.38 million project to support South Africa improve the international competitiveness of indigenous essential and vegetable oils.
Nestlé and Ashoka have kick-started a social investment accelerator program to accelerate social entrepreneurship and boost the economic development of Africa on 10th September 2018.
Counterpart International is pleased to announce the appointment of Mutale Chilangwa as Regional Director of the Africa portfolio. Mutale brings to Counterpart more than 23 years of international development experience in economic, trade, food security, and governance issues facing both the private and public sectors.
Botswana President Mokgweetsi Masisi said his government is confident that it will establish a lucrative beef market with the People’s Republic of China.
Europe’s transformative digital lunch scheme provider is looking to sign in more companies across Africa after a successful two-year test run in Kenya.
The SADC Executive Secretary, Dr. Stergomena Lawrence Tax received a letter of credence to SADC from the Representative of Food & Agriculture Organization (FAO) to Botswana, Mr. Rene Czudekat the SADC Secretariat Head Offices in Gaborone, Botswana.
Guinness Nigeria delivered has disclosed its performance in the year ended 30 June 2018, showing revenue increased by 14% from N125.92 billion in June 2017 to N142.98 billion.
Built Custom Burgers® has grown its African footprint with the opening of its first BUILT® restaurant in Accra, Ghana located at A&C Shell filling station, Boundary Road, East Legon.
Khora Africa Projects Co-operative Limited, a Tshwane-based food and beverage company is targeting a new market and potential distribution channels for exporting goods and services to Mozambique.
Europe’s transformative digital lunch scheme provider is looking to sign in more companies across Africa after a successful two-year test run in Kenya.
Maize flour prices in Kenya have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western region, easing inflationary pressure.
South African retail sales for June 2018 grew by 2.9 percent year-on-year excluding the effects of inflation, marking the weakest pace of growth since October 2017.
Tunisia and the African Development Bank have signed an agreement for the launch of a pilot project to use drones for data collection to enhance management of agricultural projects in the country.
Addressing Africa’s food import and consumption has suffered from extreme mood swings with the pendulum moving from episodes of pessimism to euphoria.
Tanzania’s Ministry of Industry, Trade and Investment (MITI) has announced the upgrading of the services provided by its Industrial Research and Development Organization.
Total South African retail sales for April 2018 grew by 3.7 percent year-on-year after removing the effects of inflation, showing the highest growth rate seen in April in the past six years.
The Johannesburg Stock Exchange has celebrated the relisting of Distell Group Holdings the Main Board.
IFC, in cooperation with Ethiopian Food, Medicine and Health Care Administration and Control Authority is launching a new initiative to help Ethiopian food producers enhance their food safety management practices,
Consumer wallet continues to measure what Kenyan consumers are buying and how much they are spending.
Retail giant Shoprite has partnered with Standard Bank, Google and global financial technology company Celbux to launch a mobile money platform for its customers.
International coffee outlet, Gloria Jean’s Coffees, is expanding into Africa. It has already opened its first outlet in Kenya and is looking for other Master Franchise partners throughout the African continent.
The transformative impact of social media continues to be felt as corporates, governments and personalities court technology to communicate and grow businesses.
South Africa’s Thandi Wines has secured a one-year contract with a Chinese distributor to export their range of premium wines to China.
Kenya’s President Uhuru Kenyatta has launched a Sh 7 billion state-of-the-art Hot-Fill juice line at the Nairobi Coca-Cola Plant in Embakasi.
The World Cocoa Foundation and Ghana Cocoa Board have announced plans to expand their joint efforts to preserve the flavor of Ghanaian cocoa.
Libstar Holdings Limited, a supplier of high-quality products in the consumer packaged goods industry, has listed in the "Food Products" sector of the JSE's main board.
Global player in food and fragrance Iberchem Group has entered into an agreement to acquire a majority stake in Versachem, an established privately owned company specialized in the development and manufacturing of food flavours and colours.
ABB and Heliospectra AB in technology collaboration to explore innovative ways of increasing commercial food production in Africa
ABB, a pioneering technology leader in electrification, robotics and motion, industrial automation and renewables and Heliospectra AB, a world player in intelligent lighting technology for greenhouse and controlled plant growth environments.
Nestlé Nigeria Plc announced its financial results for first quarter of 2018. The company continued its momentum from 2017 delivering a revenue of N 67.5 billion for Q1 2018, a growth of 10.3% over Q1 2017.
Investment holding company Fairfax Africa Holdings Corporation has invested in secured convertible bonds issued by Atlas Mara Limited and has separately agreed to provide bridge financing to Philafrica Foods Proprietary Limited.
Global designer of high men and women's apparel Perry Ellis International, Inc. has entered into a license agreement with Kennek FZE to source and distribute a full range of products under the Gotcha® brand.
Nestlé Cameroon has inaugurated a production unit for its range of Nido fortified powdered milk in the presence of the Ministry of Mines, Industry and Technological Development.
The regulation activities of food, drug, cosmetics and medical devices in Zanzibar will now be done online.So, will be the issuance of import and export permits for the said goods.
Mall for Africa, the e-commerce and m-commerce platform, announced today the launch of its affiliate program. Those who refer traffic to the Mall for Africa website will receive an affiliate fee every time one of their readers makes a purchase.
Homesweet.com.ng, a price guide and review website for home appliances has been launched in Nigeria.
Two sisters are sating demand for Africa’s cuisine among Nairobians from a food truck and earning from it.
David Mbuta is the founder of Ubuntu Meal Delivery Services Ltd, a Zambian startup that is riding on a burgeoning working class conscious about their health and looking for convenience.
[South Africa] Woolworths picks Centric Software to provide product lifecycle management solutions for its fashion business
Woolworths Proprietary Limited, a prominent South African retail chain, has selected Centric Software to provide its Product Lifecycle Management (PLM) solution for its Fashion, Beauty and Home business.
Olalekan Akinseye runs a clothing brand in Nigeria that is tapping the evolving nature of fashion and the apparel industry to champion the war on cancer.
The Monetary Policy Committee (MPC) of the Central Bank of Kenya has met to review the outcome of its policy decisions and recent economic developments.
Senegal is regarded as one of the most stable countries in Africa and although it suffers from poverty levels of more than 46 per cent, it is the second-fastest growing economy in West Africa.
UNIDO in cooperation with the Southern African Development Community’s Regional Laboratory Association, has organized a technical training for 11 Southern African National Laboratory Associations.
American fast food chain Burger King launched its activity in Ivory Coast in 2015 by opening its first restaurant in Marcory, a district in the city of Abidjan.
One Thousand & One Voices, the U.S. private capital fund backed exclusively by leading families, announced that its first portfolio acquisition, Redsun Dried Fruit & Nuts Ltd., has concluded an investment in RTE Snacks, a producer of healthy, ready-to-eat trail mix products.
Sealed Air Corporation says it is implementing a price increase of 2.5 – 5.0 per cent for the majority of its Food Care division’s products in Africa, Europe and Middle East.
Products will now find it easier to enter and compete in the international market following the accreditation of Rwanda Standards Board (RSB) byDutch Accreditation Council (RVA), an internationally recognised standards accreditation body.
TechnoServe has announced the launch of the BeniBiz project, which will harness the power of entrepreneurship to improve the availability of nutritious food and create economic opportunities for young people in Benin.
PepsiCo, Inc. has announced that, effective January 1, 2018, Mike Spanos, currently President, PepsiCo Greater China Region, will become Chief Executive Officer, Asia, Middle East and North Africa (AMENA).
[South Africa] The Department of Trade and Industry creates 800 jobs with $4million investment in Dursot All Joy
The Deputy Minister of Trade and Industry, Mr Bulelani Magwanishe says the grant of almost R50 million, $4million, from the Department of Trade and Industry (the dti) has contributed to the creation of 300 permanent and 500 contract jobs in Modjadjiskloof, Limpopo.
Heineken today laid the foundation stone of its first brewery in Mozambique in the presence of His Excellency Mr. Max Tonela, Minister of Trade and Industry.
On November 9 and 10, 2017, two scientific symposiums were held in Yaoundé and Douala to mark the end of the training of 106 Cameroonian healthcare professionals in the postgraduate program in pediatric nutrition at the Boston University Medical School in the United States.
Succor came the way of the over a thousand hitherto dejected traders affected by the Kano Market fire disasters few months ago as the renowned business mogul, Aliko Dangote made good his promise and donated N500m to rehabilitate them.
Nestlé Ghana in collaboration with the Ghana Nutrition Society has held a nutrition workshop to foster stronger collaboration to address micronutrient deficiencies in Ghana.
Guinea, Mauritania, Senegal and the Seychelles have informed the FiTI Secretariat of their desire to join the Fisheries Transparency Initiative (FiTI).
Two Cape Town winemaking companies are optimistic that the Investment and Trade Initiative (ITI) to the Democratic Republic of Congo (DRC) will give them an opportunity to expand their footprint to the DRC and neighbouring countries.
Hilton and Transcorp Hotels Plc, a subsidiary of Transnational Corporation of Nigeria Plc have signeda 20-year extension to the current agreement to manage the iconic Transcorp Hilton hotel in Abuja.
Telecommunication provider, MTN has led the 2017 Top 50 Brands Nigeria for its innovation, Corporate Social Responsibility (CSR), online engagement, national spread, and brand popularity.
Nestlé Cameroon and the Ministry of Public Health have organized a forum on the theme: “responding to the nutritional challenges in Cameroon."
Despite Cote d’Ivoire still being dominated by a traditional trade retail base, it has been found that the country’s Modern Trade arena has seen the greatest evolution in the last two years and therefore holds the most potential for growth.
AfDB’s agricultural transformation strategy to guarantee 513 million tons of additional food production
The African Development Bank has developed a new initiative called the Technologies for African Agricultural Transformation initiative – a knowledge- and innovation-based response to the recognized need to scaling up proven technologies across Africa.
Mars Africa, the South African-based division of Mars Incorporated, a global family-owned food business, and DHL Supply Chain South Africa, the world's largest contract logistics company, have signed a contract that will see DHL providing warehousing and distribution services for a number of Mars products.
The increase in the demand for the South African wines in Russia provides a good opportunity for the local companies to penetrate the Russian market.
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 being 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.
[South Africa] Retail industry growth surges as consumers benefit from moderating inflation, Mastercard report
Nominal retail sales for August 2017 grew a substantial 8.1 percent versus the same month last year, marking the quickest pace of growth the retail industry has seen in the past three months.
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.