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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 …
Farmcrowdy

Farmcrowdy restructures to enable expansion and service diversification

Farmcrowdy has announced a restructuring of its business as it seeks to diversify services and expand into new regional markets. The agritech startup, which was launched four years ago, has also created a new digital trading platform for smallholder farmers. …
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 …

Nigeria’s government set to ban alcohol sold in sachets by 2023/4

Nigeria’s National Agency for Food and Drug Administration and Control (NAFDAC) is looking to phase out the production and sale of alcoholic drinks in sachets and small bottles by 2023/2024. NAFDAC and Ministry of Health officials have also met alcoholics drinks …
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 …
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 …

GB Foods opens new $14.3m factory in Nigeria’s Ogun State

GB Foods, manufacturer of the popular Gino tomato paste brand, has inaugurated its new N5.5bn ($14.5m) factory in Ogun State. The new factory will be used to make its mayonnaise brand, Bama, for the Nigerian and West African market. The …

Nigerian buying platform Pricepally raises funding from GreenTec Capital Partners

Pricepally, the Nigerian buying platform, has secured an undisclosed investment from Germany’s GreenTec Capital Partners. Lagos-based Pricepally matches bulk buyers with farmers, manufacturers and wholesalers and offers 24-48 hour delivery on orders. Pricepally launched in November 2019. It has seen a …

Guinness Nigeria warns sales have been hit hard by COVID-19

Guinness Nigeria issued a notification of material circumstances, warning of the adverse effect of the COVID-19 lockdown on economic activity. It has particularly noted the impact on the on-trade sector. You can view Guinness Nigeria’s notification of material circumstances here. Guinness Nigeria has …