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XSML puts more investment into Ugandan pharmacy chain Ecopharm

Fund manager XSML has made its fourth investment in Ugandan pharmacy chain Ecopharm. Since XSML’s first investment in Ecopharm, the chain has doubled its store network to 15 branches. It plans to add a further 3 stores as a result …

Trade Kings commissions a new milk processing plant in Zambia

Leading Zambian consumer goods manufacturer Trade Kings has commissioned a new milk processing plant. The new factory will produce a new range of full cream milk products under the Dairy Gold brand. Dairy Gold is best known for its dairy …

South Africa introduces new alcohol ban as COVID-19 cases escalate

The South African government has introduced a new alcohol ban as COVID-19 cases continue to rise. Scientists have warned that the new variant of COVID-19 sweeping across the country might be more resistant to current vaccines. The new alcohol ban …
Juhayna Food Industries

The Egyptian government arrests El-Tawheed Wel Nour and Juhayna chiefs

Egyptian authorities have arrested Sayed Sowerky, the owner of the El-Tawheed Wel Nour retail chain. They have also arrested Safwan Thabet, CEO of dairy company Juhayna Food Industries. Both men have been arrested on charges of financing terrorism. If convicted, they …

“Unapologetically African” spirits brand Aphro launches in Ghana

High profile Ghanaian palm spirit brand Aphro has officially launched in Accra. The premium brand has reportedly been backed by seven investors, including Nigerian musician Peter Okoye (who is referred to as a co-founder). Aphro Beverages is the brainchild of …

Helios Investment Partners takes a 35% stake in BIM’s Morocco stores

Helios Investment Partners has acquired a 35% stake in BIM’s Moroccan business, valuing it at over $200m. The transaction is still subject to regulatory approvals. BIM, which has opened 37 stores in Morocco this year, has a store network of …

Iberchem’s Scentium opens a new production facility for flavours in Tunisia

Iberchem Group’s flavour division, Scentium, has opened a new 700m² production facility south of Tunis. The new facility is designed to produce liquid and powder flavours and emulsions tailored for the local market. The company believes it will offer faster …

Kenyan probiotic yoghurt manufacturer Lactolife opens new plant

Lactolife Dairy, a Kenyan manufacturer of probiotic dairy products, has officially opened a new dairy processing plant in Nairobi. Lactolife was founded in 2017 and produces a range of functional yoghurts aimed at children. Lactolife has received funding and support …

Kenya introduces new regulations for the sale of alcohol

The Kenyan government is proposing the introduction of new regulations concerning the sale and packaging of alcohol. Meanwhile in Rwanda, the Food and Drugs Authority (FDA) has banned the packaging of alcoholic drinks in plastic bottles on the grounds of consumer health …

Mastercard survey: 68% of South African consumers now shopping more online

Payments company has revealed new research on consumer spending habits in South Africa in the wake of the COVID-19 pandemic. The study has found that 68% of South African consumers are shopping more online. The research points to a tipping point …

French products boycott spreads to Egypt, likely to go further

The boycott of French goods by consumers in Muslim countries has reached Egypt, a key market for French supermarket chain Carrefour, as well as several major French FMCG brands including Danone and L’Oréal. We think there is a risk the …
Nestlé Africa

Nestlé Zimbabwe adds 30% more production capacity

Nestlé Zimbabwe has opened a new $2.5m cereals manufacturing line. The new line will add 30% additional volume throughput, as the company looks to triple annual exports from $4.8m to $14.4m. Nestlé also announced the launch of two new products: Nestlé …