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Tuskys closes all five of its Ugandan branches ahead of probable exit

Tuskys, the Kenyan supermarket chain struggling under debt, has now closed all five of its branches in Uganda. The closures, prompted by significant debts are likely to lead the retailer to exit Uganda after 11 years. Tuskys has shut down its …

Italian supermarket chain CRAI reportedly set to enter Egypt

Egyptian media is reporting that Italian retailer CRAI has signed an agreement to bring the CRAI format or products to Egypt. The company has signed a Memorandum of Understanding (MoU) of GRG Group. The move would mark its third market outside …
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 …
DisChem Phamarcies

Dis-Chem online sales increase by 344% during the COVID-19 pandemic

South African pharmacy and health store chain Dis-Chem has revealed that online sales for the 24 weeks ended 15th August rose by 344%. Over the same period Dis-Chem’s revenues grew by 8.8% to R11.7bn ($699m). The company believes COVID-19 has sped …
Landor

Tunisia’s #2 dairy company Land’Or receives $12.9m funding from EBRD

Land’Or, Tunisian dairy processor specializing in cheese making has received €10.9 million (US$12.89m) loan financing from the European Bank for Reconstruction and Development (EBRD) to support its expansion in Tunisia and investment in Morocco. Land’Or has been part of the EBRD …

DOB Equity increases its investment in Tanzanian dairy Tanga Fresh

Dutch impact investor DOB Equity has increased its investment in Tanzanian dairy company Tanga Fresh. The new investment will be used to expand production capacity for its long life milk and build out its network of small dairy farmers. Tanga …

Tuskys reportedly raises $18.5m short term loan from a Mauritius PE firm

Tuskys, the struggling Kenyan supermarket chain, has reportedly agreed a Sh2bn ($18.5m) short term debt facility from an unnamed Mauritius-based private equity company. Details of the loan agreement, including interest rate, repayment period and whether or not it is secured, have …
Uganda milk

Ugandan dairy company targets Ethiopia, Malawi and South Sudan

Pearl Dairy Farm Limited (PDFL), the largest dairy processor in Uganda, is expanding into Ethiopia, Malawi and South Sudan. The company, which markets its products under the Lato brand, is also looking at export markets as far afield as Algeria. Pearl …
Jumia logo

Jumia Q2 results – losses narrow, consumer numbers grow

Internet retailer Jumia’s Q2 results show losses are narrowing, consumer numbers have grown and the COVID-19 pandemic has been a mixed blessing – driving sales of FMCG products but hitting big ticket items, discretionary products and Jumia Food, its food …

Spar enters Ghana, takes over Citydia’s network of 17 stores

Spar has entered Ghana, taking over Citydia’s network of 17 stores and partnering with EcoDi (Economic Distribution Company Ghana), which launched the Citydia chain in the country in 2015. The launch will see EcoDi convert 17 existing Citydia supermarkets in and around …

Investment incentives driving growth in factory capacity in Cameroon

Pasta manufacturer Africa Food Manufacture (AFM) has a signed a XAF13bn($23.4m) investment agreement with Cameroon’s investment promotion agency, API, to build a durum flour production plant. The Agropastoral and Industrial Company of Ngaoussai has also signed a XAF9bn ($16.2m) investment agreement …
Shoprite Angola

Shoprite closes two stores in Angola, and another in Kenya

Shoprite has closed two stores in Angola, although the company says this is because its smaller supermarket format is not working and it still intends to keep opening larger stores in the country. In Kenya, Shoprite has closed its only Mombasa …