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Kraft Heinz buys Assan Foods to help accelerate growth in Africa

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 …
Ghana country profile

Ghana Country Profile

This report provides key information on Ghana. It covers the economic landscape, key demographic indicators, living standards and income as well as logistics and infrastructure.

Ports operator DP World launches a new ecommerce platform in East Africa

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 …

Ever Given, the Suez blockage and the impact on African consumer markets

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 …

Domino’s Pizza enters Ghana with Chanrai Summit Group joint venture

Domino’s Pizza has entered Ghana with franchisee Fire Foods Africa, part of Chanrai Summit Group. The pizza chain will launch operations in Ghana with two new outlets, both in Accra. It marks another market in Africa for the brand, which also has …

Facebook set to launch Instagram Lite in Africa

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 …
Africa dot map

The Implications of the AfCFTA

This report provides in-depth data on the implications and impact of the African Continental Free Trade Area.

Glovo

Online food and grocery ordering app Glovo enters Ghana

Glovo, the online ordering app, has entered Ghana. It is its second market in West Africa (after Côte d’Ivoire) and its fifth market in Africa. Glovo is also in Kenya, Uganda and Morocco. It exited Egypt in January 2020. For now, …

Danone’s Fan Milk in Ghana sees revenues fall 12% in 2020

Danone subsidiary Fan Milk Ghana has reported a 12% fall in revenues in 2020 to GH¢373.6m ($65.0m). The company has blamed the COVID-19 pandemic, which saw its street vendors unable to operate during the lockdown in April 2020. Although the cost …

Streaming service Spotify set to enter new African markets

Streaming service Spotify is expanding into more than 80 new country markets, as well as adding 36 new languages to its platform. The expansion will include 40 African countries, including Angola, Cameroon, Côte d’Ivoire, Kenya, Tanzania, Uganda, Ghana and Nigeria. Spotify …
Unilever Africa

Unilever’s nano-factory and the future of FMCG manufacturing in Africa

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 …

“Unapologetically African” spirits brand Aphro launches in Ghana

High profile Ghanaian palm spirit brand Aphro has officially launched in Accra. The premium brand has reportedly been backed by seven investors, including Nigerian musician Peter Okoye (who is referred to as a co-founder). Aphro Beverages is the brainchild of …

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 …
Jumia logo

Jumia opens up its logistics network to third parties across 11 countries

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 …