Unilever News

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.

Aliko Dangote (Left), Kola Karim, Temitope Balogun (TB) Joshua & Ade Ayeyemi

How Nigeria's top tycoons made their fortunes

Between the politicians and the rich, there is considerable overlap. Running a political campaign is extraordinarily expensive in Nigeria, and many a senator is heard complaining, in private, about how much money is needed to buy a seat.

Here are 17 facts about Africa you might not know

Here are 17 facts about Africa you might not know

Here are some key facts and figures, courtesy of the Indo Asian News Service (IANS), about a continent that is not only one of the fastest growing regions of the world but one that is economically, culturally and linguistically diverse.

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.

Hilton becomes latest hotel chain to tap Ethiopia's fast growth

Hilton becomes latest hotel chain to tap Ethiopia's fast growth

Hilton will open its first hotel in Ethiopia in more than four decades, it said on Wednesday, following other international chains that seek to tap into rising business and tourism in the country.

Muhammadu Buhari, President of Nigeria

Nigeria's Buhari appoints Chief of Staff, SGF, Heads of Customs and Immigration

Nigeria’s President Muhammadu Buhari has appointed Alhaji Abba Kyari, who has held posts at United Bank for Africa, Unilever, and Mobil, as his chief of staff.

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.

Miguel Azevedo, Head of Investment Banking, Citigroup Africa

Citigroup sees consumer companies as Africa's hottest M&A space, says Africa Head of Investment Banking Miguel Azevedo

Citigroup Inc. said consumer-focused companies are the most active industry for mergers and acquisitions in Africa as trade increases and the continent’s middle class grows.

Amy Jadesimi, MD, LADOL (Lagos Deep Offshore Logistics Base)

The Changing Face Of Business In Nigeria: Amy Jadesimi, MD, LADOL (Lagos Deep Offshore Logistics Base)

Ask most people what they think of Nigeria and the answer will likely include references to oil, population and corruption.

There's plenty to go around. (Reuters/Tiksa Negeri)

Normally risk-averse US pension funds are starting to bet big on Africa

Private equity firms see Africa as the next big thing. But now US public pension funds are starting to look at the continent too.

Addis Ababa, Ethiopia

Ethiopia predicts record $1.5B foreign direct investment in 2015

Foreign direct investment into Ethiopia will reach a record $1.5bn this year, on the back of successful efforts by the fast-growing and populous African country to attract overseas manufacturing companies.

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.

L'Oréal

L'Oréal turns to fast-growing markets Ghana and Rwanda as EU revenue shrinks

Cosmetics giant L’Oréal is eyeing up fast-growing economies such as Rwanda and Ghana as the European markets are reported to be experiencing shrinking revenues.

Addis Ababa, Ethiopia

Ethiopia bets on grand projects in drive for industrial power

Chinese workers mingle with Ethiopians putting the finishing touches to a metro line that cuts through Addis Ababa, one of a series of grand state infrastructure projects that Ethiopia hopes will help it mimic Asia’s industrial rise.

A shopper peruses the grocery aisles at the South Africa–based Shoprite in the three-year-old Ikeja City Mall. Photo credit: nationalgeographic.com

Global X MSCI Nigeria ETF: Speculative multi-year play approaching attractive valuation

The bet is a very long-term (multi-year) play on: (1) Earnings growth; and (2) Increased multiples assigned to equities by market participants as Nigeria’s markets mature.

A customer browses men's shoes in the footwear department inside a Truworths fashion store in Sandton, South Africa

Investing in Africa: How investors are tapping into a new middle class

These days, oil, cocoa and precious metals aren’t the only things that are attracting foreign investors to Africa.

Africa: A continent of new consumers

Africa: A continent of new consumers

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

National Bank of Angola (Banco Nacional de Angola)

Africa Comes Into View

China’s growth story has been remarkable. The country’s economy grew at a staggering 10% annualized pace for 20 years as its government conducted a massive infrastructure building campaign.

Doug Smart, General Manager, KFC Africa

How to succeed in selling to consumers in South Africa

Doug Smart, KFC’s general manager in Africa, is mulling the challenges his company faces in appealing to a cross-section of South Africans one morning at a restaurant in Johannesburg.

Cadbury

The 20 most valuable companies in Nigeria

Discover the 20 most valuable companies in Nigeria.

Ceddi Plaza, Abuja, Nigeria

New generation of Nigerian consumers is drawing retailers from all over the world

At the turn of the century well-off Nigerians struggled to shop in style. Most had to jostle in local markets to buy food or travel to the UK, US or Middle East to replenish their wardrobes.

Palms Shopping Center, Lekki, Lagos, Nigeria

Global brands and mall developers eye Nigeria's fast-growing market

The appetite of Nigerians for modern retail is growing faster than developers can build space, with international brands clamouring for places they can open stores.

To make it big in Africa, a business must succeed in Nigeria, the continent's largest market

To make it big in Africa, a business must succeed in Nigeria, the continent's largest market

IN 2001 MTN, a fledgling telecoms company from South Africa, paid $285m for one of four mobile licences sold at auction by the government of Nigeria.

Acha Leke, Partner, McKinsey

Nigeria Seen by McKinsey in World's Top 20 Economies by 2030: Acha Leke, Partner, McKinsey

Nigeria has the potential to be one of the world’s top 20 economies by 2030 with a consumer base exceeding the current populations of France and Germany, according to McKinsey & Co.