Household & Personal Products News

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.

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.

Michelle Kathryn Essomé, CEO, African Private Equity and Venture Capital Association (AVCA)

African private equity exits show momentum after 38% increase in 2014

Private equity (PE) exits in Africa reached an eight-year high in 2014, and strong activity should continue as more companies enter the period where an exit becomes increasingly imperative, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).

Unilever CEO Paul Polman (L) and Lagos Governor Babatunde Fashola: Polman visited Nigeria last year to reaffirm the company's commitment to the country.

Unilever looks to invest €200M in its Nigeria business to maximize equity stake

Unilever Overseas Holdings B.V. has announced its intention to make an offer to increase its equity stake in Unilever Nigeria PLC as it looks to grow its business in the country and continue its long term commitment in African markets.

Private equity investors are getting hot for Africa

Private equity investors are getting hot for Africa

When Paul Kavuma began approaching private companies in Africa a decade ago to suggest investing in their businesses and improving the way they were run, he was often shown the door.

Africa: A continent of new consumers

Africa: A continent of new consumers

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

Estee Lauder confirms intention for further Sub-Saharan Africa expansion

Estée Lauder confirms intention for further Sub-Saharan Africa expansion

After apparently being “inundated” with requests for the cosmetics brand by consumers, Estée Lauder recently launched its MAC cosmetics brand in Nigeria; on the back of that successful market entry, the company has now confirmed it is eyeing up other Sub-Saharan Africa opportunities.