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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 …

Egyptian FMCG logistics platform ILLA raises $500k in seed funding

Egyptian FMCG logistics platform ILLA has raised a US$500,000 seed funding round to help drive local and regional expansion. ILLA, which launched in March 2019, has already worked with major brands including PepsiCo, Coca-Cola, P&G and Savola.  ILLA describes itself …
Glovo

Delivery app Glovo plans to roll out a B2B logistics network

On demand delivery app Glovo, whose African markets are Morocco, Nigeria, Kenya, Egypt and Côte d’Ivoire, hs launched a new business unit called Q-Commerce (Q = Quick). The company plans to build a B2B delivery network that will see it sell …

Abu Dhabi’s ADQ agrees to fund up to $1bn expansion for Lulu in Egypt

ADQ, the investment owned by the Abu Dhabi government, has signed an agreement with supermarket chain Lulu International to help fund its expansion in Egypt. The investment could be up to $1bn and see Lulu build a further 30 hypermarkets …

The Saudi-Turkey spat and what it means for grocery retail in Africa

At face value, the deterioration in relations between Saudi Arabia and Turkey shouldn’t mean much for supermarket retailing in Africa. Except Turkish discounter BIM has large store networks in Morocco and Egypt and Saudi influence puts the supply chain to …

Egyptian buying platform Fatura looks to add 10,000 more retailers

Fatura, a B2B digital buying platform that connects Egyptian FMCG wholesalers to retailers is adding 10,000 more retailers across 10 governorates in the country. The company has recently completed a seed funding round of more than $1m. Fatura’s expansion will …

Egyptian food ordering app Ordera raises $ six figure seed funding

Cairo-based food ordering startup Ordera has raised six-figure $ investment in a seed funding round. Ordera, which was launched in 2019, allows users to order food and then pick up from the restaurant without having to queue. The company claims …

Italian supermarket chain CRAI reportedly set to enter Egypt

Egyptian media is reporting that Italian retailer CRAI has signed an agreement to bring the CRAI format or products to Egypt. The company has signed a Memorandum of Understanding (MoU) of GRG Group. The move would mark its third market outside …
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 …
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Jumia Q2 results – losses narrow, consumer numbers grow

Internet retailer Jumia’s Q2 results show losses are narrowing, consumer numbers have grown and the COVID-19 pandemic has been a mixed blessing – driving sales of FMCG products but hitting big ticket items, discretionary products and Jumia Food, its food …

Egyptian B2B ecommerce platform Fatura raises $1m+ funding

Cairo-based B2B ecommerce marketplace Fatura has raised more than $1m in a seed round led by Egyptian venture capital firm Disruptech. Founded in 2019, Fatura connects FMCG wholesalers with small retailers via a mobile app, allowing retailers order from a …

Pharma ordering platform Chefaa raises over $1m pre-Series A funding

Founded in May 2017, Chefaa is an Egyptian startup that allows users to order medical products and schedule deliveries. It has raised over $1m in a pre-Series A funding round. The company currently serves nine Egyptian cities, including Delta and Upper …
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Jumia Kenya opens up its logistics network to external clients

Jumia Kenya has opened up its logistics network to third parties, seeking to appeal to companies looking for more reach during the COVID-19 pandemic. In Egypt, Jumia has announced an agreement with the country’s five largest banks to offer interest-free installment services …