Kraft Heinz will purchase Assan Foods from Turkish conglomerate Kibar Holding, for approximately $100m. Assan Foods manufactures table sauces and has been a production partner for Kraft Heinz since 2019. Kraft Heinz plans to use Assan Foods to expand its presence …

Rubis Energy has formally launched operations in Uganda under the Rubis brand. The move follows its 2019 acquisition of Kobil Uganda and Delta’s assets. Rubis Energy Uganda has a network of 54 service stations nationally. After its 2019 acquisition of Kenya-based …

There is speculation from inside Uganda that Shoprite has opened talks with Majid Al Futtaim (MAF), Carrefour’s partner in the Middle East, Egypt and East Africa, for MAF to acquire Shoprite’s store network. Both Shoprite and Majid Al Futtaim have not confirmed or …

Dubai-based DP World, the ports operator with operations in Senegal, Egypt, Mozambique, Somaliland, Rwanda, Algeria and DRC, has launched a new e-commerce platform in East Africa. The platform, called Dubuy,  allows vendors to connect with buyers in African markets. The delivery …

Vivo Energy, the Shell service station licensee in Africa, has added new sites in Uganda and Rwanda as it seeks to cement its market leading positions. In Rwanda, it has acquired assets from Energy Solution (ENES) and GEMECA to expand …

On Tuesday 23rd March, the 400-meter, 224,000-tonne Ever Given container ship ran aground at the south end of the Suez Canal, blocking it completely. As it’s firmly grounded on both banks, efforts to refloat it are underway but it will take time. Some …

Facebook has announced the launch of Instagram Lite in sub-Saharan Africa. This lightweight version of the Instagram app, which is being rolled out in 170 countries, uses less data and is better suited for lower quality mobile networks. Instagram Lite …

Majid al Futtaim (MAF), the Carrefour franchisee in the Middle East, Egypt and East Africa, has revealed that sales in Kenya rose by 30% in 2020. The year was marked by several new store openings, including taking over Shoprite’s former …

Nestlé has announced bold plans to reach into 120,000 villages in India in the next two to three years. The Swiss giant estimates that the average size of the target villages is 5,000 people and that, if successful, it can …

Majid Al Futtaim (MAF) has revealed plans to open more than 100 Carrefour stores this year across the Middle East, Africa and Eastern Europe in 2021. The new store openings would see its total store network rise from 358 stores …

Unilever engineers have created a prototype nano factory capable of fitting in a 40ft container. The prototype can take raw materials, process them, package and label them. It is currently being trialed in the Netherlands, producing liquid bouillon. Unilever says …

Fund manager XSML has made its fourth investment in Ugandan pharmacy chain Ecopharm. Since XSML’s first investment in Ecopharm, the chain has doubled its store network to 15 branches. It plans to add a further 3 stores as a result …

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 …