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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 …

DOB Equity increases its investment in Tanzanian dairy Tanga Fresh

Dutch impact investor DOB Equity has increased its investment in Tanzanian dairy company Tanga Fresh. The new investment will be used to expand production capacity for its long life milk and build out its network of small dairy farmers. Tanga …

Tuskys reportedly raises $18.5m short term loan from a Mauritius PE firm

Tuskys, the struggling Kenyan supermarket chain, has reportedly agreed a Sh2bn ($18.5m) short term debt facility from an unnamed Mauritius-based private equity company. Details of the loan agreement, including interest rate, repayment period and whether or not it is secured, have …
Uganda milk

Ugandan dairy company targets Ethiopia, Malawi and South Sudan

Pearl Dairy Farm Limited (PDFL), the largest dairy processor in Uganda, is expanding into Ethiopia, Malawi and South Sudan. The company, which markets its products under the Lato brand, is also looking at export markets as far afield as Algeria. Pearl …
Jumia logo

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 …
Shoprite Angola

Shoprite closes two stores in Angola, and another in Kenya

Shoprite has closed two stores in Angola, although the company says this is because its smaller supermarket format is not working and it still intends to keep opening larger stores in the country. In Kenya, Shoprite has closed its only Mombasa …
Choppies

Choppies shares begin trading again after a 20 month suspension

Trading of the shares of Botswana’s largest supermarket chain, Choppies, have resumed on the Botswana Stock Exchange after a 20 month suspension for failing to publish its financial results. Prior to the suspension, the share price had fallen by 60% …

Uber expands its Uber Connect delivery service to Kenya

Uber, the multinational ride-hailing company, has launched its Uber Connect service in Kenya. The service provides peer to peer same-day, no-contact delivery. It means that small businesses will be able to send packages to their customers and Kenyan consumers will be …
Massmart Kenya Builders

Massmart set to open its first Builders DIY store in East Africa

Massmart has revealed the details of its first Builders store in East Africa. Covering 10,000m², the Builders Superstore will involve an investment of Sh500m ($4.65m) and be located in Nairobi’s Karen Waterfront Mall. The planned store means that as well …

Cold Solutions set to build $70m cold storage facilities in Kenya

Cold Solutions, a logistics provider has announced a planned investment of Sh7.5bn ($69.9m) in state of the art temperature-controlled facilities in Kiambu, outside Nairobi and in Mombasa. The investments are part of a $200m planned cold chain network across East Africa. …
Uchumi Kenya

Uchumi has CVA approved, now has six months to pay back $44m

Uchumi Supermarkets has been granted approval for its Company Voluntary Arrangement (CVA). It now has six months to settle its Sh4.7bn ($44m) debts to 121 suppliers or face auction of its assets by creditors and eviction by its landlords. Can it beat …

Quickmart opens its 32nd store, more news about other retailer debts

Kenyan supermarket chain Quickmart, which merged with rival Tumaini in September 2019, has now opened its 32nd store in Kenya. The new store is being positioned as its flagship store in the Kilimani, Ngong Road, Lavington and Hurlingham areas of …

Google-supported startups trying to reinvent logistics in Africa

20 startups have been selected as part of the 5th edition of Google for Startups Accelerator Africa Program. Among them are three companies seeking to reinvent logistics in African markets: Thumeza, Amitruck and Send. Google’s prestigious Startups Accelerator Africa Program …