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Carrefour MAF

Carrefour fined in Kenya for unfair trade practices

The Competition Authority of Kenya (CAK) has fined Carrefour’s franchisee Majid al Futtaim’s (MAF) for unfair trade practices. It has ordered the retailer to review its supplier agreements within 60 days, and to remove what it considers punitive clauses in supplier …
Central Bank of Nigeria

The Central Bank of Nigeria backs down on imported milk ban

The Central Bank of Nigeria (CBN) has granted foreign exchange waiver to six dairy companies to import milk into the country. In effect, it reverses a de facto ban on the importation of milk. But only for the largest dairy …
Gaselia

Africa Capitalworks invests in Malian soft drinks company Gaselia

Africa Capitalworks Management (ACW) has taken a significant minority stake in Malian soft drinks and bottled water company Gaselia Industries Group to fund regional expansion. Gaselia has bottling and distribution operations in Mali, Côte d’Ivoire, Senegal and Guinea. The investment from Africa …
Burger King, Africa

Burger King set to enter Ethiopia with Belayab Foods

Burger King is set to enter Ethiopia, with franchise partner Belayab Foods. Belayab Foods is the Pizza Hut and Cold Stone Creamery franchisee in Ethiopia. In July 2019 it bought the historic Bambis supermarket in Addis Ababa, which it is now …
Clicks Group

Clicks pharmacy chain reports positive 20-week results

South Africa’s leading pharmacy, health and beauty retailer, Clicks, has announced positive results in its 20-week trading update to January 2020, driven by promotions and gifting. In the 20 weeks leading up to 12th January 2020, Click’s Group’s turnover rose …
Supeco

CFAO launches its first Supeco Cash and Carry in Côte d’Ivoire

Following the launch of Carrefour’s value Supeco brand in Morocco in 2018 and Senegal in 2019, Carrefour’s West African partner CFAO has opened its first Supeco store in Abidjan, Côte d’Ivoire. The 1,900m2 store is located in the Yopougon-Niangon South …
Choppies

Choppies looks to close stores in Botswana

Having exited South Africa, Kenya, Tanzania and Mozambique, embattled supermarket chain Choppies will now close loss-making stores in its home market of Botswana as it seeks to recover a stable financial footing. The company finally released its FY2018 results in …
KFC logo

Dough Works opens more KFC and Pizza Hut outlets in Tanzania

Tanzanian franchise holder for KFC and Pizza Hut, Dough Works is on a major expansion drive. The company opened two new Pizza Hut branches in December and added two new KFC branches in late 2019. It now has fourteen branches …
Nigerian Federal Government

Nigeria raises VAT rate, exempts 20 basic goods and services

The Nigerian government has signed the 2019 Finance Bill into law, raising the VAT rate from 5% to 7.5%. The bill has also extended the list of goods and services exempted from VAT, including basic food items, microfinance, education and locally manufactured female …

TRIOMF East Africa to set up $38m milk processing plant in Rwanda

TRIOMF East Africa will invest Rwf37bn ($38m) in a new milk processing plant in the Gicumbi District of northern Rwanda. The new plant will have an installed daily capacity of 252,000 litres, which will make it 2.5x larger than the largest …