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Auchan

Auchan’s Africa revenues up 152% year on year, but what next?

Revenues from Auchan’s Africa operations in Senegal and Mauritania are up 152.5% year on year, from €40m in 2017 to €101m in 2018. The rise comes after the purchase of Dia’s supermarket network in Dakar and a rapid expansion program in Senegal that …
Guinness Gold

New premium lager Guinness Gold launched in Nigeria

Diageo subsidiary Guinness Nigeria has launched its new premium lager beer brand, ‘Guinness Gold’. The launch follows successful consumer trials and signals a new confidence returning to Nigerian brewers after years of cost-cutting and focus on the value sector. The …

Nestlé Nigeria profits up 28% in 2018 as net finance costs fall

Nestle Nigeria has reported a 28% increase in net profit for the full year 2018, driven by a 90% reduction in net finance cost. Revenue grew 9% from N244bn ($670m) in 2017 to N266bn ($740m). The results are another sign that, having tamed …
Pick-n-Pay

Pick n Pay launches online shopping in Namibia

Pick n Pay Namibia has launched an online shopping platform, www.buyonline.com.na, in Windhoek. Th online store will stock 1,300 SKUs, have the same prices as Pick n Pay’s bricks and mortar stores and have a delivery fee of N$40 ($2.80) for …

Massmart’s results: struggling performance but online growth a highlight

Massmart results: struggling performance, although online sales growth is impressive. Our key takeaway is that its expansion strategy for Africa looks weak at best, especially in West Africa. Highlights: Overall sales are up 2.9% from R88.4bn ($6.4bn) to R90.9bn ($6.26bn) …
Vivo Energy

Vivo Energy finalises its acquisition of Engen service stations

Vivo Energy, which operates the Shell service station franchise in Africa, has finalised its acquisition of Engen service stations. The purchase means that Vivo adds almost 10% more service stations to its network, but crucially opens up eight new country markets. …
Monoprix Tunisia

Following Shoprite’s departure, Casino’s Monoprix exits Mauritius

Casino’s upmarket Monoprix supermarket chain has quietly exited Mauritius. Of its three stores, one will close while two remaining supermarkets will be rebranded as Winner’s. The move follows Shoprite’s sale of its stores to Pick and Buy Ltd, also owned …

Online retailer Noon launches in Egypt to challenge Jumia and Souq

Noon, the Middle East’s home-grown online retail platform, is set to launch in Egypt. It will be its third country after having launched in the UAE and Saudi Arabia in late 2017. Noon, which describes itself as a $1bn e-commerce platform, …
Limca logo

Coca-Cola launches the Limca lemonade brand in Nigeria

Coca-Cola Nigeria has announced the launch of Limca, a new carbonated soft drinks brand. Limca, traditionally a lemon-lime flavoured beverage, was originally launched in India in 1977. Limca’s launch gives Coca-Cola a new brand with which to target value customers. …
Nigerian Breweries

Results roundup: Nigerian Breweries, Africa Distillers, Pioneer Foods

Nigerian Breweries see revenues fall by 5.8% in FY2018, Africa Distillers (Zimbabwe) profits rise by 159% in the first six months of FY2019, Pioneer Foods (South Africa) sees a 7.8% increase in turnover during the four months ended 31st January 2019. …
Amazon logo

Amazon rolls out new payment options for Kenyan consumers

Online retail giant Amazon has launched its Amazon PayCode payment option for Kenyan consumers. The new initiative allows Kenyan shoppers to buy goods on Amazon’s e-commerce platform and pay in cash via Western union money transfer agents in Kenya. Amazon’s new …