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French products boycott spreads to Egypt, likely to go further

The boycott of French goods by consumers in Muslim countries has reached Egypt, a key market for French supermarket chain Carrefour, as well as several major French FMCG brands including Danone and L’Oréal. We think there is a risk the …
Nigerian dairy industry

Egyptian cheese company Domty and FrieslandCampina form partnership

Egyptian cheese producer Domty and FrieslandCampina have signed an MoU to explore joint business opportunities in Africa. The companies plan to collaborate to export cheese to other African countries. Domty was founded in 1988 in Egypt. It is a leader in the Egyptian …
Candando (Angola, Contidis)

Under pressure from banks, Candando may go bankrupt

Angolan supermarket chain Candando, owned by businesswoman Isabel dos Santos, is on the verge of bankruptcy. It will close half its six stores and lay off around 1,000 employees. The freezing of its bank accounts in Portugal have left the …
DHL logo

DHL Express takes a minority stake in online retail platform Link Commerce

DHL Express has taken a minority stake in Link Commerce, the UK-based e-commerce platform that sits beneath MallforAfrica.com and DHL’s Africa eShop service. DHL is betting on a fundamental change in purchasing behaviours in the wake of the COVID-19 pandemic, which …

Coronavirus in Africa – an update and what it means

At Trendtype we have decided to put our thoughts down on paper, as it were. Headline: there are lots of reasons to believe that African countries may emerge from COVID-19 in better (or less worse) shape than developed economies in …
2020 forecasts

Trendtype’s 2019 year in review and 2020 forecasts

So here are our big themes in 2019 and a look ahead to 2020. It’s been another eventful year in African consumer and retail markets in 2019. Some big retail players coming unstuck In grocery retail, some big players have come …
Mango logo

Fashion retailer Mango launches in Angola, set for return to Morocco

Spanish fashion retailer Mango has opened a new store in one of Luanda’s prime shopping malls, Avennida Morro Bento. Just one year after exiting Morocco, Mango is also in discussions to build a store network in the country with Nike …
Nampak

Nampak hit by foreign exchange losses in Zimbabwe and Angola

Nampak, Africa’s largest packaging company, has incurred fx losses of R2bn ($135.6m) for the financial year ended 30th September 2019. Nampak has faced a double whammy of hyperinflation in Zimbabwe and the devaluation of the Angolan kwanza. It has also faced …
Shoprite Angola

Shoprite considers exiting underperforming African markets

Shoprite as just released results for the 3 months to September 2019. Supermarket revenues in South Africa rose by 10.3% over the period. Sales outside South Africa fell by 4.9%. CEO Pieter Engelbrecht has told investors Shoprite is actively considering exiting …