Kraft Heinz will purchase Assan Foods from Turkish conglomerate Kibar Holding, for approximately $100m. Assan Foods manufactures table sauces and has been a production partner for Kraft Heinz since 2019. Kraft Heinz plans to use Assan Foods to expand its presence …

Heineken, the second largest brewer in the world, is in talks to acquire South African wine and spirits maker Distell Group Holdings. The move would add valuable non-beer brands to Heineken’s portfolio and provide access for Distell to some of Heineken’s …

In a bid to stem the flow of fx out of the country, the Angolan government has banned the import of some consumer packaged goods in consumer pack sizes. Executive Decree No. 63/21 establishes new rules meaning some core products must …

Dubai-based DP World, the ports operator with operations in Senegal, Egypt, Mozambique, Somaliland, Rwanda, Algeria and DRC, has launched a new e-commerce platform in East Africa. The platform, called Dubuy,  allows vendors to connect with buyers in African markets. The delivery …

Refriango, a leading drinks manufacturer and FMCG distributor in Angola, has opened a new $10m filling line for its Tigra beer brand. The new line will allow Refriango to fill returnable bottles and will increase filling capacity by 35%. Refriango manufactures …

Puma Energy will sell its Angolan business and assets to Sonangol for $600m. The company, which is a subsidiary of Trafigura, will sell strategic Angolan assets to Sonangol, including its network of 79 service stations. Other assets being sold include airport terminals in Luanda, Catumbela, Cunene and Lubango, …

On Tuesday 23rd March, the 400-meter, 224,000-tonne Ever Given container ship ran aground at the south end of the Suez Canal, blocking it completely. As it’s firmly grounded on both banks, efforts to refloat it are underway but it will take time. Some …

Facebook has announced the launch of Instagram Lite in sub-Saharan Africa. This lightweight version of the Instagram app, which is being rolled out in 170 countries, uses less data and is better suited for lower quality mobile networks. Instagram Lite …

Unilever engineers have created a prototype nano factory capable of fitting in a 40ft container. The prototype can take raw materials, process them, package and label them. It is currently being trialed in the Netherlands, producing liquid bouillon. Unilever says …

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 …

Jumia is opening up its logistics network to third party businesses in 11 countries. The move means the internet retailer will offer its platform and network, enabling companies to use its final mile delivery capabilities. Prior to the announcement, Jumia …

Shoprite has confirmed it will close its two remaining stores in Kenya, in an otherwise impressive set of annual results that have seen group sales increase by 6.4% to R156.9bn ($9.32bn) in the 52 weeks to 28th June 2020. There is …