filters-icon filters-icon

FILTERS

Central Bank of Nigeria

Nigerian consumer confidence rises, but is still lower than in 2018

The Central Bank of Nigeria (CBN) has released its Consumer Expectations Survey (CES) for Q4 2019. Consumer confidence is up, but consumers will shy away from purchasing big ticket items in the next 12 months. Most expect prices of consumer goods to …
AfriSol

Rwanda sells state owned Burera Dairy to Zimbabwean investor Afrisol

The Rwandan government sold its 98.3% stake in the struggling Burera Dairy in Cyanika for just Rwf270m ($280,000). The milk processor has been sold to African Solutions Private Ltd (AfriSol), a Zimbabwean investor. Burera Dairy was established by the government in …
Jumia logo

Jumia Kenya tries its hand as an advertising platform

Sam Chapatte, CEO of Jumia Kenya, has outlined plans for Jumia Advertising in Kenya, seeking to leverage the company’s reach among higher value, internet enabled Kenyan consumers. The company claims to have access to around 2-3m unique visitors each month. According …
Bolorims

Nigeria’s online supermarket Bolorims acquires a 10% stake in AfricaSokoni

Nigerian online supermarket Bolorims has acquired a 10% stake in Kenyan online retailer AfricaSokoni. The two companies will also to launch a new joint venture, Bolosokoni.com, in West Africa. Don’t hold your breath. AfricaSokoni was launched in January 2018 and claims to …

Nakumatt goes into liquidation owing $380m. What are the lessons to learn?

Nakumatt’s creditors have unanimously voted to put the supermarket retailer into liquidation. Overall, Nakumatt’s creditors are owed Sh38bn ($380m). What broader lessons can we learn about expansion, governance and financial sustainability? Peter Kahi, the court-appointed administrator said at the creditor’s …

Isabel dos Santos’s assets have been frozen, including Candando

Isabel dos Santos, Africa’s richest woman, has had her assets frozen by the Angolan government. The freeze is designed to help recover more than $1bn in state loans prosecutors say Ms dos Santos has illgally received. Her assets include the …
Sun Chips

PepsiCo takes a majority stake in Ethiopian snacks company Senselet

PepsiCo, the global beverages and snacks company that owns Frito-Lay, has acquired a majority stake in Ethiopian snacks company Senselet Food Processing. Senselet is the owner of local potato chips brand Sun Chips. Senselet was founded in 2015 by Netherlands-based Veris Investments, …
Oriflame

Swedish cosmetics company Oriflame set to exit Kenya

Swedish direct sales company Oriflame has said it plans to quit Kenya after trading conditions worsen. The cosmetics retailer blames the complexity of the importation process and lack of volume sales growth. Oriflame will exit quickly: it has asked its …
2020 forecasts

Trendtype’s 2019 year in review and 2020 forecasts

So here are our big themes in 2019 and a look ahead to 2020. It’s been another eventful year in African consumer and retail markets in 2019. Some big retail players coming unstuck In grocery retail, some big players have come …
Uganda milk

Kenya to impose 16% VAT on imported milk from Uganda

In a further sign that East African countries are intent or putting up trade barriers to protect local sectors, Kenya has proposed a 16% VAT on imported milk from Uganda. The move comes because Kenyan dairy farmers believe they are …