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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 …
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% …

South African delivery grocery delivery startup Delivast launches

In South Africa, Delivast, a new grocery delivery startup has launched. The platform allows consumers to order goods from multiple stores and have them delivered to their location. Delivast has partnered with supermarket chains Pick n Pay and Woolworths, and …
Distell Africa

Distell launches Click2Collect online ordering platform for South Africa

South African wine and spirits company Distell has launched a new online ordering platform Click2Collect. The platform allows consumers to order alcoholic drinks, including from other manufacturers, from 22,000 bars across South Africa. The new service allows consumers to collect their …
Dis-Chem logo

South African pharmacy chain Dis-Chem fined for price gouging

The South African Competition Tribunal has fined the country’s leading pharmacy chain, Dis-Chem, for price gouging. The retailer has been fined R1.2m ($70,930) for increasing the cost of surgical face masks at the start of the COVID-19 pandemic. The case was …
Supeco Abidjan

A tale of two discounters – Massmart and Supeco

South African discounter Massmart, a subsidiary of Walmart, is looking to cut 1,800 jobs in its bid to get its performance back on track. Meanwhile in West Africa, CFAO’s Supeco (Carrefour) discounter franchise is seeing sales take off in the …
Spaza shop

South Africa is using the COVID-19 pandemic to formalise spaza shops

The South African government’s Small Business Development Minister, Khumbudzo Ntshavheni, says her department has formalised over 2,000 spaza shops during the COVID-19 pandemic. Spaza shops are typically small, traditional grocery stores in black townships. Many operate from the shopkeeper’s home. The …

Amazon hires 3,000 new people in South Africa, workforce will total 7,000

Amazon is recruiting 3,000 additional roles in its customer service teams in Johannesburg and Cape Town, bringing its total permanent workforce in South Africa to 7,000 employees. The new roles will provide round-the-clock support for Amazon customers in North America and Europe. …
Massmart logo

Massmart gets a $230m bailout from parent company Walmart

South African discounter Massmart has received a R4bn ($230m) loan from its parent company Walmart to help its cash flow during the COVID-19 pandemic. The company estimates it has lost R2.3bn ($132.2m) in alcohol sales alone during just two months, …