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Our newsletter provides updates on FMCG market trends and strategic player decisions, as well as nominations, publications and events in the MEA region. 


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Nakumatt shuts down 3 branches in Uganda

Troubled retail chain Nakumatt Supermarkets shut down 3 branches in Uganda. The retail giant has been struggling to pay its suppliers because it was experiencing cash flow challenges.

Read more – Business Daily


Carrefour opens in Ivory Coast

The 1st Carrefour Market store has begun operating in the Ivory Coast, following the opening of a hypermarket in the West African nation in 2015.

Read more - ESM Magazine


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Coca Cola 5by20 launched in Cameroon

Cameroon’s ministry of women empowerment and the family, in collaboration with the United Nations Entity for Women Empowerment, UN Women, and the Coca Cola Company, launched the flagship program in Yaounde on June 20. 

Read More - Journal du Cameroun


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Unilever Nigeria Applies to Raise N58.9bn

Unilever Nigeria has formally applied to the Nigerian Stock Exchange (NSE) to raise about N58.851billion fresh capital through Rights Issue. The funds would be used to finance short term bank borrowings and enhance its operations among other reasons

Read more – This Day Live

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Nestlé shifts to new logistics hub

Nestlé Middle East new logistics hub is considered one of the most environmentally superior facilities in the region, with a warehouse containing 87,500 temperature-controlled pallet positions on a 50,000 square metre site.

Read more – Log Update Africa


UAE is 2nd largest market in sales – Nestlé

UAE is considered the 2nd largest market for Nestlé Middle East whose contribution to the company’s Middle East unit represents around 30% according to Nestlé Middle East’s CEO and chairman.

Read more - Mubasher


Danone moves into Ghana 

Danone has partnered with private equity group Abraaj to invest $25m in West Africa-based Fan Milk. The investment in Fan Milk's Ghana operations is part of a broader push into Africa by Danone.

Read more - Financial Times


P&G commissions new Always production line in Nigeria

Procter & Gamble Co. expanded operations at a manufacturing plant in Nigeria by opening what’s reportedly a $23 million production line for its Always brand of sanitary pads. This move is part of P&G's commitment to focus on local production.

Read more - Cosmetics Technology


PepsiCo’s investments in Egypt worth $1bn past two years

PepsiCo has injected $1bn in investments over the last two fiscal years according to the company’s general manager. PepsiCo denominates 55% of the fizzy drinks market in Egypt, while ChipsyCo accounts for 60% of the salted potato products market.

Read more – Daily News Egypt


UAE firm develops aqua farm to produce superfood

Global Food Industries, part of the Albatha Group, claims to have revolutionised the agricultural industry in the UAE by developing a huge aqua farm to produce kale, known as a superfood for its health benefits.

Read more - Arabian Business


Majid Al Futtaim to expand Carrefour in Middle East with Geant stores buy

Dubai's Majid Al Futtaim, which operates the franchise of French retailer Carrefour in the Middle East, has acquired 26 Geant hypermarket stores in the UAE, Bahrain and Kuwait from BMA International. All 30 stores will be rebranded under the Carrefour brand by the end of 2017 and existing employees will be retained. 

Read more – Reuters

 

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