Consumer Staples News

Kim Reid, Founder & Co-CEO, Takealot

Africa's most valuable company Naspers ups investment in South Africa's largest e-commerce company Takealot

Naspers, Africa’s biggest ecommerce and digital company, has just invested R960 million (about $69.4 million) in Takealot Online, South Africa’s largest ecommerce company.

Waitresses place a series of orders at the Orbit Place Java House, a chain of Kenyan cafes

East African assets attract private equity interest

Family businesses seek sales amid growth in buyout groups in the region

Krispy Kreme Doughnuts to Open in Nigeria

Krispy Kreme Doughnuts to Open in Nigeria

Krispy Kreme to open twenty shops in Nigeria over a period of five years.

Kenyan supermarket chain Nakumatt agrees stake sale to fund for $75M

Kenyan supermarket chain Nakumatt agrees stake sale to fund for $75M

Privately-owned Nakumatt, Kenya’s biggest supermarket chain by sales, has agreed to sell a 25 percent stake to a foreign fund for $75 million, part of an effort to bolster its balance sheet and pay off debts, its managing director said last Wednesday.

Nakumatt just sold a 25% slice of itself to an investment fund. Credit: qz.com/Reuters/Thomas Mukoya

Nakumatt and Shoprite are attracting interest from international investors for their fast-growing markets (Infographic)

The investment case for Africa requires taking the long view, especially when it comes to thinking about serving consumers on the continent.

Retail Africa: Africa's next retail giant

Retail Africa: Africa's next retail giant?

Steinhoff and Shoprite are planning to merge their African retail operations in a stock-for-stock deal, as announced in December.

Raphael Afaedor, Co-Founder & CEO, Supermart.ng. Credit: NdaniTV

How former Jumia MD is selling groceries online in Nigeria

Lagos’s infamous back-to-back traffic can turn a simple trip to the grocery store into a time-consuming ordeal.

Coca-Cola Buys AB InBev Out of Africa Unit for $3.2 Billion

Coca-Cola Buys AB InBev Out of Africa Unit for $3.2 Billion

Coca-Cola Co. will pay $3.15 billion to buy Anheuser-Busch InBev NV out of an African bottling joint venture after the Budweiser brewer’s takeover of the U.S. beverage company’s partner in the region.

Dunkin' Donuts Arrives in South Africa to Challenge Krispy Kreme

Dunkin' Donuts Arrives in South Africa to Challenge Krispy Kreme

South Africans wanting hot glazed doughnuts with a gulp of coffee can now choose between two U.S. brands — Dunkin’ Donuts and Krispy Kreme.

Coca-Cola to buy AB InBev's stake in African subsidiary Coca-Cola Beverages Africa

Coca-Cola to buy AB InBev's stake in African subsidiary Coca-Cola Beverages Africa

Coca-Cola Co said it would exercise its right to buy Anheuser-Busch InBev’s stake in Africa’s biggest Coke drinks bottler, after the brewer’s takeover of SABMiller.

Buffalo Mall, Naivasha, Kenya

East Africa's second-tier cities hold untapped potential

Retail in Kenya is dominated by informal sellers, but recent years have seen a boom in modern trade, with home-grown supermarket chains expanding their footprint and international brands (such as Carrefour and Massmart’s Game banner) entering the market.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Aliko Dangote to invest $170M in rice & sugar production in Nigeria

Aliko Dangote, Africa’s richest man, has announced that he will invest more than $170 million in the production of rice and sugarcane in Nasarawa state, north-central Nigeria.

Here are the top 10 Sub-Saharan African cities for consumer spending growth (Infographic)

Here are the top 10 Sub-Saharan African cities for consumer spending growth (Infographic)

An extensive overview of 24 first- and second-tier cities in Cameroon, Kenya, Nigeria and South Africa in a recently published white paper reveals particularly dynamic growth shifting from the region’s mature consumer markets in South African metropolises to the urban areas in other Sub-Saharan countries.

Nigerian biscuit maker Beloxxi lures $80M private equity investment

Nigerian biscuit maker Beloxxi lures $80M private equity investment

Nigeria’s snacks industry has attracted the interest of a private equity firm founded by Sir Bob Geldof in a boost for Africa’s biggest economy.

Duet launches new PE fund focused on distressed Nigerian companies

Duet launches $400M private equity fund focused on distressed Nigerian companies

Duet Private Equity has signed an exclusive agreement with the Asset Management Corporation of Nigeria (AMCON) to establish an investment fund focused on Nigeria’s fast-moving consumer goods (FMCG) sector.

A Diageo factory in Accra, Ghana, produces Orijin Bitters. Credit: wsj.com

Why Diageo, PZ Cussons, and Atlas Mara are betting big on Africa

As growth in China slows after two decades of breakneck economic development, Western companies are increasingly turning towards India and Africa as the next great untapped opportunities.

Mark Okoye, Executive Director & Secretary, Anambra State Investment Promotion and Protection Agency (ANSIPPA)

Invest Nigeria - Think Anambra (Presentation): Anambra State Investment Promotion and Protection Agency (ANSIPPA)

In March 2015, Anambra was ranked the most transparent and accountable state in Nigeria, complying with all the set standards in public sector accounting, according to the International Public Sector Accounting Standards (IPSAS).

AB InBev agrees to concessions with South Africa over SABMiller deal

AB InBev agrees to concessions with South Africa over SABMiller deal

Anheuser-Busch InBev will invest 1 billion rand ($69 million) to support South African farmers as part of concessions agreed with the government to secure regulatory approval for its $100 billion-plus takeover of SABMiller.

Olam steps up Nigeria milling business with $150 million investment

Olam steps up Nigeria milling business with $150 million investment

Olam aims to cement its wheat milling stature in Nigeria. The agribusiness company is stepping up its wheat milling business in Nigeria as it invests $150 million in the country.

Sunny Verghese, Co-Founder, Group Managing Director and CEO, Olam

Olam Bets on Africa Reward as On-The-Go Food Demand to Climb

Olam International Ltd., one of the world’s largest food traders, is hunting for more investments in Africa as it looks to benefit from the continent’s increasing appetite for everything from instant noodles to lollipops.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Dangote opens Nigeria tomato factory to vie with Chinese imports

Dangote Group, owned by Africa’s richest man Aliko Dangote, opened a tomato-processing factory near Nigeria’s northern city of Kano aimed at vying for the local market with imports from China.

African IPOs Set to Double Capital Raised in 2016 - Baker & McKenzie

African IPOs Set to Double Capital Raised in 2016: Baker & McKenzie (Infographics)

Africa’s equity capital markets are set for a strong 2016 following a reasonable 2015 despite commodity price falls and capital flight from emerging markets hitting the continent’s major economies.

Coca-Cola announces strategic investment in Nigerian dairy and juice company Chi Limited

Coca-Cola acquires 40% of leading Nigerian dairy and juice company Chi Limited

The Coca-Cola Company and Tropical General Investments Group (TGI Group) – the holding company of Chi Ltd, Nigeria’s leading dairy and juice company – announced on Saturday a binding agreement for The Coca-Cola Company to acquire an initial minority equity shareholding in Chi Ltd.

Nigerian billionaire Abdulsamad Rabiu, Chairman, BUA Group. Credit: forbes.com

Nigerian billionaire Abdulsamad Rabiu sells flour milling business to Singapore's Olam for $275M

BUA Group, one of Africa’s largest food and infrastructure conglomerates, has sold its flour business to Olam International of Singapore for $275 million.

Multinationals in Africa are growing revenues but losing market share to local rivals. Credit: Reuters/Phillimon Bulawayo

Multinationals in Africa are growing revenues but losing market share to local rivals (Infographics)

Whether its Starbucks opening its first coffee store in sub-Saharan Africa next year, or fast-fashion retailer, H&M, opening its first African store in Cape Town, multinationals are lining up to cash in on the vast opportunities in Africa’s growing consumer goods market.

Rakesh Kapoor, CEO, Reckitt Benckiser. Credit: bloomberg.com

Reckitt Benckiser sees Nigeria as Brazil peer in 20 years (Video)

Reckitt Benckiser Group Plc, the maker of household goods including Dettol cleaner and Durex condoms, sees Nigeria as a potential high-growth market to rival Brazil in the long term even as Africa’s biggest economy struggles to cope with sliding oil prices and currency restrictions.

Africa expansion drives SABMiller, AB InBev mega-merger

Africa expansion drives SABMiller, AB InBev mega-merger

Access to African markets is a key driver in the planned mega-merger of brewing giants SAB Miller and AB InBev, according to industry insiders.

Aliko Dangote, pictured with his daughter, Halima, at the TIME 100 Gala in New York. Credit: dailymail.co.uk

Aliko Dangote: 5 Things You Can Learn From Africa's Richest Man

A look into one of the wealthiest men on the planet, and what we can learn from his story.

AB InBev to acquire South Africa's SABMiller for $104B in largest beer industry takeover ever

AB InBev to acquire South Africa's SABMiller for $104B in largest beer industry takeover ever

The world’s two biggest beer producers are set to merge after SABMiller accepted an increased takeover offer from rival Anheuser-Busch InBev.

Dominique Lafont, Senior Advisor, KKR

KKR to invest $100M in Africa over the next year and make Nigeria regional base

KKR & Co. L.P. might be turning to Africa as its next hotspot for private equity investments.

Unilever opens Vaseline production site in Kenya to meet skin care demands

Unilever opens $1.5M Vaseline production factory in Kenya to meet skin care demands

Unilever has opened a new KES155 million (€1.3 million) factory in Kenya which will be focused on the production of its Vaseline products, as it looks to meet the growing demands in the region for quality skin care products.

SABMiller said to have rejected $100B offer from Anheuser-Busch InBev

SABMiller said to have rejected $100B offer from Anheuser-Busch InBev

SABMiller Plc rejected an informal takeover offer from Anheuser-Busch InBev NV of about 66.4 billion pounds ($100 billion) that it considered too low, according to people familiar with the matter.

Peter Matlare, CEO, Tiger Brands

Tiger Brands CEO Peter Matlare to step down at year-end

Tiger Brands Ltd. said Chief Executive Officer Peter Matlare will leave South Africa’s largest food producer at the end of the year.

Heineken's Nigeria unit to raise $502M to support growth

Heineken's Nigeria unit to raise $502M to support growth

Nigerian Breweries Plc, the West African nation’s largest brewer, said it plans to sell 100 billion naira ($502 million) in debt to boost liquidity and support growth even as lower crude prices impact spending in the continent’s most populous country.

Matome Mbatha, Market Manager, Africa & Americas, Wines of South Africa (WOSA)

South Africa wine body pairs Nigeria with red, Angola with fizz

South African wine producers are trying to cater for Angolans’ thirst for sparkling wine and Nigerian demand for bottles of red to penetrate the African market, according to the country’s leading trade body for the industry.

World's largest brewer Anheuser-Busch InBev approaches South Africa's SABMiller for record industry acquisition

World's largest brewer Anheuser-Busch InBev approaches South Africa's SABMiller for record industry acquisition

Anheuser-Busch InBev NV said it intends to make an offer to acquire SABMiller Plc in a deal that would unite the world’s two biggest beermakers and control about half the industry’s profit.

Johann Vorster, CEO, Clover

Clover Mulls Building South Africa's First Dairy Mega-Factory

Clover Industries Ltd. is considering building South Africa’s first dairy mega-factory to boost exports to the rest of the continent from a country that consumes about 98 percent of the milk it produces, potentially countering the need for future volume and price cuts.

Workers harvest grapes by hand at a vineyard in South Africa. Photographer: Peter Titmuss/Universal Images Group via Getty Images

South Africa Promotes Expensive Wines to Boost Exports

South African wine makers are promoting higher-priced bottles to boost sales in established European markets and make inroads in the U.S. and Asia where they hardly have a presence, the head of a local industry organization said.

Cereal maker Kellogg to buy $450M stake in Nigeria's Multipro to grow in Africa

Cereal maker Kellogg to buy $450M stake in Nigeria's Multipro as part of Africa expansion

Kellogg Co. agreed to buy a 50 percent stake in Nigerian food distributor Multipro for $450 million and is creating a joint venture with Tolaram Africa to help expand on the continent.

Diageo to increase equity stake In Guinness Nigeria to 70%

Diageo to increase equity stake In Guinness Nigeria to 70%

Diageo Plc. said that it has approached the Board of Directors of Guinness Nigeria plc with an intention to make an offer to increase its equity stake in Guinness Nigeria from 54.3% up to a maximum of 70% and to maintain Guinness Nigeria’s listing on the Nigerian Stock Exchange.

Nairobi, Kenya

Why And How You Can Profit Investing In Africa's 1.1 Billion Consumers

In the book “Win the Leadership Game – How Companies Can Create Unbeatable Global Teams,” by Jason Wingard, Vijay Mahajan is interviewed on the opportunities he sees in Africa.

Agricultural Growth in West Africa - Market and Policy Drivers: FAO

Huge opportunities for agriculture growth in West Africa: FAO (Report)

New report sees regional integration as high road to making the most of changing food patterns and dynamic populations. West Africa has unprecedented opportunities for agricultural growth, but making the most of them will require more effective regional integration.