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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 …

Coca-Cola opens the first outlet of Costa Coffee in South Africa

Coca-Cola Beverages South Africa (CCBSA) opened South Africa’s first Costa Coffee outlet. The new outlet is in the Frontline Hyper supermarket in Hillfox, Johannesburg. The move follows a successful trial opening of a Costa outlet on the ground floor of …
Mr Price clothing logo

Mr Price debuts new container store for South African townships

South African fashion retailer Mr Price has launched a new format container store in a bid to bring retail closer to lower end consumers. Its new smaller format store has opened in Illovo, in KwaZulu-Natal. But can it revolutionise retailing …
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 …
DisChem Phamarcies

Dis-Chem online sales increase by 344% during the COVID-19 pandemic

South African pharmacy and health store chain Dis-Chem has revealed that online sales for the 24 weeks ended 15th August rose by 344%. Over the same period Dis-Chem’s revenues grew by 8.8% to R11.7bn ($699m). The company believes COVID-19 has sped …
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 …
AB InBev, Africa

AB-Inbev writes down $2.5bn in South Africa because of the alcohol ban

Brewer AB InBev has written down $2.5bn in South Africa to account for losses from the COVID-19 lockdown alcohol ban in South Africa. In Q2, which covers the first lockdown period, volume sales in sou9th Africa fell by 60%. Although …
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% …