Nigerian Breweries see revenues fall by 5.8% in FY2018, Africa Distillers (Zimbabwe) profits rise by 159% in the first six months of FY2019, Pioneer Foods (South Africa) sees a 7.8% increase in turnover during the four months ended 31st January 2019. …

Grand Parade Investments (GPI), the operator for the Burger King in South Africa, is set to close its Dunkin’ Donuts and Baskin Robbins franchises in the country, citing poor performance. The move follows activist investor pressure and now means it …

A consortium headed by Israel’s Central Bottling Co (CBC) has put in a R4.8bn ($352m) bid for Clover Industries. CBC is the lead investor in then Milco consortium which is offering to buy 59.5% of the SA food producer. The deal has …

EXEO Capital’s Agri-Vie Fund II has acquired a 36.5% stake in Jumbo Brands, the South African beverages and snacks manufacturer, for an undisclosed stake. Jumbo Brands was founded in Durban in 1985 and manufactures water in sachets, fruit juice concentrates, …

After nearly three years in South Africa, it looks like the Starbucks franchise may have reached the end of the road as franchisee Taste Holdings abandons expansion plans. Starbucks entered South Africa in April 2016. Franchisee Taste Holdings, owner of the The …

Zimbabwe’s largest brewer, Delta Corporation, has announced plans to buy South Africa’s United National Breweries. The move sees Delta (40% owned by Anheuser-Busch Inbev) fully acquire the Diageo owned sorghum beer company. Delta Corporation has continued its moves to diversify outside Zimbabwe. …

As we come to a close in 2018, Trendtype looks back on the major news and events of the year across retail and consumer markets in Africa and makes some forecasts for 2019. The headlines: Nigeria is recovering and will …

French DIY chain Leroy Merlin has opened its first store in Africa, a 17,500m² store in Greenstone, east of Johannesburg. In addition, the retailer has also launched an online store. Leroy Merlin, owned by Groupe Adeo, announced its intent to …

The release of Choppies financials was delayed, in opposition to JSE requirements. The announcement was made by the Botswanan supermarket chain following warnings about a profit decline and led shares to fall to a five-year low. Choppies Enterprises has announced …