Unilever Mashreq is to invest more than €60m in Egypt within the coming three years. The company`s Chief Supply Chain Officer affirmed that from the supply chain point of view, Egypt is actually connected to more than one billion consumers through free trade agreements
International Breweries Plc., a part of ABInBev, the world’s largest brewer is raising an additional capital of N165 billion for its business operations through Rights issue of ordinary shares.
This offer, which interestingly is currently the largest Rights issue in Nigeria, is to have its full impact reflected in 2020 while presenting a positive outlook for dividends for shareholders in 2021
Nestlé is to sell a 60% stake if its German sausage maker Herta and create a JV with Spain’s Casa Tarradellas, in a move that illustrates its CEO’s aggressive deal making and desire to focus on pursuing products of the moment, particularly in the plant-based space.
Nestlé is spending 45 million Swiss francs (£35.17 million) a year on efforts to source cocoa sustainably, the food company said, also citing progress in reducing child labour in its West African supply chain
The CEO of the group, Pierre Castel and a delegation including the French ambassador to Cameroon Christophe Guilhou was received by President Paul Biya in Yaoundé. The aim of this audience was for Castel Group to present its investment program to focus on the development of agriculture in order to reduce the importation of raw materials used to produce brewing products
Wipro Consumer Care and Lighting (WCCL), the consumer care business of software provider Wipro has acquired South African personal care maker Canway Corporation to enter the country with 58 million consumer base.
The transaction, the deal size of which was undisclosed, is now subject to the approval of regulatory authorities, the company said at a press conference.
Pan-African e-commerce giant Jumia has suspended its Marketplace business in Cameroon. the company came to the conclusion its transactional portal as it is run currently is not suitable to the current operating environment in Cameroon.
Jumia did not publicly announced it imminent closure in the country and the move took many customers and local staff by surprise. “It came as a bombshell and all operations just stopped abruptly
Kenya’s biggest telecoms operator Safaricom has started a digital postal service that will use mobile phone numbers like the traditional post office box addresses.
Dubbed MPost, the service will be offered jointly with the Postal Corporation of Kenya, which will rent out physical post office boxes to Safaricom customers using their mobile phone numbers, at a quarter of the going rate for conventional boxes.
China’s internet giant Alibaba Group, signed a memorandum of understanding with Ethiopian officials to help Ethiopia launch its first eWTP (electronic world trade platform) Hub, the second in Africa After Rwanda.
The establishment of eWTP hub in Ethiopia is primarily aimed at enabling Ethiopia to provide smart logistics and services, conduct cross-border trades targeting SMEs by helping them penetrate markets in China and other parts of the world
BASQUE based supermarket and consumer goods chain Eroski currently has finance amounting to some €1.5 billion and is now looking to reduce this amount by sale of assets.
It has suffered with poor performance from its Catalonian supermarket outlet Caprabo which has been under review for some time and it has now brought in an external agency in order to try to find a buyer
Mango sets eyes back in Africa. The Spanish company, one of Europe’s largest retailers, is considering its comeback to Morocco with a partner. As sources of the company have explained to Mds, Mango is in negotiations to develop a store network in the country with the Maltese group Hudson.
The company chaired by Isak Andic operated in Morocco until about a year ago with another partner. The new deal will be to open Mango stores in the main cities of the country, including Casablanca and Rabat.
The embattled Choppies Enterprises has exited the troublesome South African market following a costly expansion strategy that threatened to sink the entire group after accumulating massive debts, forcing the company to make desperate move to save the business by selling the South Africa subsidiaries at a loss.
INFOMINEO RESOURCES
A highlight of some of our resources to expand your knowledge on Africa and the Middle East.
Get an overview of Egypt's main country indicators. The following infographic lists key facts and figures on Egypt as well as it's main industries, resources, imports, exports and key trading partners.
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INFOMINEO
Infomineo is a data and research service provider, that specializes in Africa and the Middle East, dedicated to supporting global companies in getting access to information that powers their investment decisions in the region. Through a direct presence in key markets such as the UAE, South Africa, Kenya, Egypt and Morocco, Infomineo provides a quick access to market data on key questions such as: market and product prioritization, partner identification, commercial due diligence, route to market, supply chain mapping and competitive analysis among others. Along with conductingCustom Research for clients, Infomineo also delivers an Expert Network service and a Business Translation service.
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