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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 …
Nestlé Africa

Nestlé Zimbabwe adds 30% more production capacity

Nestlé Zimbabwe has opened a new $2.5m cereals manufacturing line. The new line will add 30% additional volume throughput, as the company looks to triple annual exports from $4.8m to $14.4m. Nestlé also announced the launch of two new products: Nestlé …
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 …
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% …
Simbisa Brands

Simbisa Brands accelerates fast food outlet openings in FY2020

Innscor’s Simbisa Brands has increased its number of fast food outlet openings in Zimbabwe, up from 15 to 18. The group, which owns brands including Chicken Inn and Pizza Inn, plans to spend $10m this financial year opening these new …

Google-supported startups trying to reinvent logistics in Africa

20 startups have been selected as part of the 5th edition of Google for Startups Accelerator Africa Program. Among them are three companies seeking to reinvent logistics in African markets: Thumeza, Amitruck and Send. Google’s prestigious Startups Accelerator Africa Program …
DHL logo

DHL Express takes a minority stake in online retail platform Link Commerce

DHL Express has taken a minority stake in Link Commerce, the UK-based e-commerce platform that sits beneath MallforAfrica.com and DHL’s Africa eShop service. DHL is betting on a fundamental change in purchasing behaviours in the wake of the COVID-19 pandemic, which …

Zimbabwe’s competition commission halts Innscor disposal

Innscor’s plans to dispose of its shareholding in refrigerator manufacturer Capri have been halted by the Competition and Tariff Commission (CTC) of Zimbabwe. Innscor is making a strategic move to focus on the manufacturing of consumer goods. Innscor has a number …
mPharma

Ghana’s mPharma raises $17m in new round of funding

Ghanaian startup mPharma, which provides a digital prescription drug inventory service for pharmacies and their suppliers, has raised $17 million in its latest funding round. In March 2019 it raised $12m in a Series B round. The company has operated …

Coronavirus in Africa – an update and what it means

At Trendtype we have decided to put our thoughts down on paper, as it were. Headline: there are lots of reasons to believe that African countries may emerge from COVID-19 in better (or less worse) shape than developed economies in …
OK Zimbabwe

OK Zimbabwe and Meikles suffer from inflation and soft consumer demand

Two of Zimbabwe’s leading supermarket chains have reported sales declines as inflation, weak currency and stagnant salaries restrict disposable incomes and soften consumer demand. Sales at OK Zimbabwe and Meikles fell 15% and 24% respectively in the 9 months to …