Egypt: Nestle opens first confectionery factory in Egypt
Nestle has announced the opening of a new extrusion facility in the 6th of October City on the outskirts of Cairo, Egypt. The plant – the company’s first confectionery facility in the country – will produce Crunch, a candy bar brand owned by the company. The extrusion line is an extension of the existing dry […]
South Africa: Drinks brand Vigo hits shelves
A malt soft drink called Vigo is set to hit shelves in South Africa after showing positive results in other African markets. The drink’s manufacturer, Namibia Breweries Ltd, has chosen South Africa as the latest market for the drink, as a result of the brand’s success in Botswana and Zambia where it was launched in […]
UAE: 7-Eleven plans to open first store in Dubai
7-Eleven has signed a master franchise agreement with Seven Emirates Investment LLC to run the first 7-Eleven stores in the UAE, Fastmoving reports. The first convenience store is planned to open in Dubai by next summer, with the master franchisee planning to open new outlets as well as converting some existing stores to the 7-Eleven […]
South Africa: PepsiCo opens new manufacturing plant
Simba, part of PepsiCo South Africa, has opened a new “state of the art“ potato chip manufacturing plant in Prospecton, KwaZulu-Natal. The plant – the third for Simba in South Africa – is designed to help the company to meet an increased for its Simba and Lay’s brands. The new plant is said to be […]
UAE: Lulu Group to expand into Asian markets
Lulu Group, a UAE-based chain of more than 100 supermarkets and hypermarkets, has announced plans to expand into new Asian markets with the opening of stores in Malaysia and Indonesia. The company, which operates outlets across the Gulf as well as in Yemen, Egypt and India, is now planning to open five hypermarkets in Malaysia, […]
Nigeria: Heineken merges Nigerian Breweries and Consolidated Breweries
Heineken has reported in a statement that it is to combine its two units in Nigeria – Nigerian Breweries Plc and Consolidated Breweries Plc – in an effort to improve efficiencies. The company owns 54.1% of the former, which has brands such as Heineken and Star, and 53.8% of the latter, maker of beers such […]
Middle East: Spar International enters market
Dutch retailer Spar International has announced plans to enter the Middle East market with the aim of having 30 stores open by the end of 2015. As reported by Fast Moving, the company currently has over 12,000 stores worldwide and is looking to open eight stores in Abu Dhabi, two in Qatar and one in […]
Nigeria: Guinness records drop in sales
Said to be a result of continuing softness in the beer market, Guinness Nigeria Plc has recorded a turnover of N53 billion ($330 million) for the half year period ending 31 December 2013. In a statement to the Nigerian Stock Exchange, parent company Diageo said net income fell to N5 billion ($30.7 million) in the […]
South Africa: Woolworths receives animal welfare award
Woolworths has become the first African retailer to receive the international Good Egg Award from international farm animal welfare organisation Compassion in World Farming (Compassion), Fastmoving reports. The retailer is said to have received the award for its ongoing commitment to leading the free range egg category in South Africa. The Good Egg Award recognises […]
Israel: Strauss Group announces annual results
Food and beverage maker Strauss Group has reported its annual results, revealing a large rise in profits. The company announced a 39.1% rise in net income to 329m shekels ($94.3 million) for 2013, while EBIT grew 23% to 769m shekels ($221.3 million). President Gadi Lesin highlighted the Brazilian coffee unit Tres Coracoes as well as Sabra, its […]