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The Angolan government bans the import of pre-packed basic goods

In a bid to stem the flow of fx out of the country, the Angolan government has banned the import of some consumer packaged goods in consumer pack sizes. Executive Decree No. 63/21 establishes new rules meaning some core products must …

Ports operator DP World launches a new ecommerce platform in East Africa

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 …

Angola’s Refriango opens new $10m beer bottling line

Refriango, a leading drinks manufacturer and FMCG distributor in Angola, has opened a new $10m filling line for its Tigra beer brand. The new line will allow Refriango to fill returnable bottles and will increase filling capacity by 35%. Refriango manufactures …
Carrefour MAF

Carrefour Kenya may have to revise its supplier contracts

Carrefour Kenya is being forced to revise supplier contracts after losing an appeal against the Competition Authority of Kenya. The appeal relates to the terms of its supplier contracts, particularly listing fees and supplier rebates. Majid Al Futtaim (MAF), the Carrefour …

Pricepally raises six figure pre-seed round, looks to expand nationally

Pricepally, the Nigerian food buying platform where consumers can group together to get bulk discounts, has raised a raised a six-digit pre-seed funding round. The company is now looking to move into new markets, including Abuja and Port Harcourt. It is …

Puma Energy sells its Angolan business to Sonangol

Puma Energy will sell its Angolan business and assets to Sonangol for $600m. The company, which is a subsidiary of Trafigura, will sell strategic Angolan assets to Sonangol, including its network of 79 service stations. Other assets being sold include airport terminals in Luanda, Catumbela, Cunene and Lubango, …

Midroc’s Lame Dairy opens new $14.5m processing plant

Lame Dairy, a subsidiary of Midroc Ethiopia Technology Group, has opened a new dairy processing plant in Addis Ababa. The facility, which has cost Br600m ($14.5m), has a processing capacity of 160,000 litres per day. Lame Dairy was established in 2007 …
Shoprite Angola

Shoprite finds a buyer for its stores in Nigeria

Shoprite has found a buyer for its store network of 26 supermarkets in Nigeria. Nigerian shopping mall owner Persianas will buy Shoprite’s Nigerian subsidiary, Retail Supermarkets Nigeria Limited. The acquisition, which is subject to regulatory approval, will see it take over …

Egyptian snack manufacturer Edita secures $5.7m in funding

Edita Food Industries, an Egyptian market leader in snack foods, has secured financing contract EGP90m ($5.7m) from the National Bank of Kuwait (NBK). The loan will be used to develop new production lines and improve production quality. The loan is …
Simbisa Brands Zimbabwe

Simbisa Brands revenues rose sharply in H2 2020

Innscor’s Simbisa Brands, the leading fast food operator in Zimbabwe, has seen half year revenues rise by 101% from ZWL3.9bn ($10.7m) to ZWL8bn ($22.1m). Operating profits increased by 75% over the same period.  Simbisa Brands operates and QSR franchises. Its …
Cadbury Nigeria

Cadbury Nigeria’s revenues fell 10% in 2020

Cadbury Nigeria has reported a 10% decline in full year revenues for the period ended December 2020, to N35.4bn ($86.5m). Profits fell by 83% to N172.7m ($0.4m). The company has blamed the decrease on the COVID-19 pandemic. Cadbury Nigeria, which …
Vivo Energy

Vivo Energy expands its network in Uganda and Rwanda

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 …