Here’s the latest in ESM’s regular series, Notes From Africa, which brings you the latest retail, consumer goods, and food and beverage stories from across the African continent. Past editions can be found here.
Senegal: Afrikamart Raises $850,000 To Finance Its Growth
Senegalese agritech firm Afrikamart has obtained $850,000 in seed funding to continue its development and growth. The company sources fresh market garden produce and vegetables from farmers and then distributes it to a network of small retailers. It plans to increase its level of purchasing from small farmers across the country, as well as manage the logistics and delivery of fresh vegetables to small retailers, restaurants and hotels. The company aims to expand its network to over 5,000 farmers and more than 2,000 retailers by the end of the year.
Algeria: Government To Supply Tuna Fishing Boats By 2024
In Algeria, the shipbuilding industry plans to provide the fishing sector with four tuna vessels to carry out deep-sea expeditions by 2024. According to the official, two vessels will be delivered to the port of Honaine, based in Tlemcen, over the next year. Overall, these vessels should help to strengthen catches in the high seas, the government said. Algeria produces more than 120,000 tonnes of fish per year, according to 2018 World Bank data.
Morocco: Equatorial Coca-Cola Bottling Company To Raise $71 million From IFC
In Morocco, Equatorial Coca-Cola Bottling Company (EECBC) is seeking to raise $71 million financing package from the International Finance Corporation (IFC). The fund will be used to upgrade a production line at its Fruital plant in Algeria with a new carbonated soft drinks production line, with a capacity of 45,000 bottles per hour. The new production line will also have a 25% reduction in electricity consumption, and a reduction in the utilisation of raw materials. Headquartered in Morocco, ECCBC was founded in 1997 and produces and distributes carbonated soft drinks, juices, water, energy drinks and malt.
Egypt: Azelis Launches New Food Laboratory
Speciality chemicals and food ingredients supplier Azelis has opened a new food laboratory in Cairo, Egypt. The facility is set to provide innovative and technical support to its customers in the Middle East and Africa region. It will focus on dairy and beverages, servicing the region with new value-adding formulations, the company said. The unit will enable Azelis to grow its presence and investments in the MENA region.
Ethiopia: CCBA Launches Minute Maid Refresh
Coca-Cola Beverages Africa Ethiopia has launched Minute Maid Refresh, a new juice brand, in the local market. The new product was introduced following the inauguration of a $100 million, state-of-the-art mega plant in Sebeta The plant has a production capacity of 1.7 million hectolitres per year. Minute Maid Refresh comes in five flavours such as Mango, Orange, Lemon, Apple, and Berry and is available in 500 ml and 280 ml PET bottles.
Kenya: Java House To Open Five New Outlets By October
Kenyan restaurant chain Java House Group plans to launch five new outlets over the next three months. These restaurants will be located mainly in Nairobi (3), Mombasa (1) and Machakos (1). The expansion will bring the number of outlets in its restaurant network in Kenya to 75 and its total number of outlets in East Africa to 87.
© 2022 European Supermarket Magazine – your source for the latest A-brand news. Article by Espoir Olodo. Click subscribe to sign up to ESM: European Supermarket Magazine.