Food & Staples Retailing 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 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.

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.

How to navigate Africa's retail distribution labyrinth - Nielsen

How to navigate Africa's retail distribution labyrinth: Nielsen (Infographic & Report)

Africa is on companies’ growth agenda for obvious reasons. Six of the 10 fastest-growing economies in the world are in Africa, it has the world’s greatest proportion of young people, and it has a burgeoning urban population with growing demand for many goods not yet widely available, as well as the means to buy them.

Nairobi, Kenya

Africa's informal retail: A market you can't afford to ignore, says Ng'ang'a Wanjohi, CEO of Kenya's Kaskazi Network

Modern trade is growing in Kenya, especially in Nairobi and emerging secondary cities.

Africa: A continent of new consumers

Africa: A continent of new consumers

Africa has the foundation for an exceptionally long runway for consumer spending.

SevenUp (7-Up)

Is Nigeria's 7-Up Bottling Company a Bargain?

You don’t have to spend much time in Africa to realize that Coke has the upper-hand in the continent’s cola war.

Aliko Dangote, Chairman, Dangote Group

In Africa's oil capital, Africa's richest man built an empire on sugar

As Africa’s global business prominence continues to surge, so too does Aliko Dangote’s profile as one of the region’s most recognised entrepreneurs.

Shoprite

South Africa's Shoprite shifts investment focus to the rest of Africa as profit slows

Shoprite Holdings Ltd. (SHP), South Africa’s biggest food retailer, is shifting its investment focus to the rest of the continent as sales in its home market slow and full-year profit missed analysts’ estimates.

Many young people in Africa view agriculture as a deadend, but seeing the business potential could reap benefits

How to inspire a generation of farming entrepreneurs in Africa

When we talk about African development, there is a belief that its booming population can only equal crisis.

Orji Uzor Kalu

Orji Uzor Kalu: The Nigerian Millionaire Who Wants To Negotiate With Boko Haram

When Orji Uzor Kalu, jet-setting Nigerian businessman and controversial politician is in Abuja, he usually spends most of his time at his sprawling mansion which is located a few minutes’ drive away from the Aso Rock Presidential Villa, the official residence of Nigeria’s President.

Cyril Ramaphosa

Cyril Ramaphosa Said to Swap Banks for Burgers as He Takes Office

Cyril Ramaphosa, who took office yesterday as South Africa’s deputy president, agreed to trade his interests in regulated businesses in exchange for stakes in consumer goods companies to avoid conflicts of interest, according to two people with knowledge of the matter.