Notes From Africa: Haro Coffee, Glovo, Yebo Fresh, Nestlé Zimbabwe, Victoria Farms
ESM is proud to launch a new weekly series, Notes From Africa, which will bring you the latest retail, consumer goods and food and beverage stories from across the African continent. Past editions can be found here.
In this week's report:
Ethiopia: Haro Coffee To Move Into Disposable Food And Beverage Packaging
Haro Coffee, an Ethiopia-based coffee processing company, plans to diversify into manufacturing various kinds of disposable food and beverage packaging. The move will see an investment to the tune of Birr 20 million (€442,000) in the development of a new production facility on a 650 square metre piece of land. The factory, which should be operational in two months, will produce papers cups, drinking straws, sugar sticks and paper bags. The company has already commenced work on the project and is installing machinery imported from China.
Kenya: Glovo To Extend Its Operations To Eldoret And Kisumu
Spanish delivery startup Glovo plans to expand its operations to two more towns in Kenya, Kisumu and Eldoret. This will see the delivery firm partner with firms including Kentucky Fried Chicken (KFC), the Java coffee chain and retail chain Naivas. The project is a part of the company’s ambition to expand its footprint across all major towns in the country. Glovo was co-founded by Oscar Pierre and Sacha Michaud in 2014. The company commenced activities in Uganda in October and is also present in Morocco, Egypt and Côte d’Ivoire.
South Africa: Yebo Fresh Secures Fund To Expand Operations
Online grocery food delivery service Yebo Fresh has raised Series A funds from investment firm E4E to further its expansion. According to local media reports, the funds will help the company expand its smart delivery model to areas that are generally unserved by most formal retailers, and enhance the distribution of products like fruits, vegetables, sauces, canned foods, groceries and spices. Yebo Fresh was founded in 2018 and is based in Cape Town.
Kenya: Suppliers Plan To Blacklist Debt-Ridden Supermarkets
Manufacturers and suppliers are considering putting a number of Kenyan retail chains that are failing to pay for merchandise deliveries on a blacklist. According to local media reports, the move will enable members of the Kenya Association of Manufacturers (KAM) and Association of Kenya Suppliers (AKS) to unanimously share payments history. Suppliers are said to be owed close to Sh30 billion (€230 million) from a number of retail groups.
Zimbabwe: Nestlé Zimbabwe Launches Cereals Manufacturing Facility
Nestlé Zimbabwe has opened a new $2.5 million (€ 2.1 million) cereals production facility.The new factory will manufacture cereal products for the local market as well as for regional export. The company will source over 80% of its raw materials from local farmers. Nestlé Zimbabwe has four subsidiary branches in four major cities, Bulawayo, Masvingo, Gweru and Mutare.
Kenya: Victoria Farms Gets A Boost From DOB Equity
Victory Farms, a Kenyan-based aquaculture firm, has secured an investment from the Dutch equity firm DOB Equity. The fund, the value of which was undisclosed, will help the company expand its activities in its vertically-integrated aquaculture business. The funding boost came at a time when the company is planning to build a commercial tilapia farm and to install solar power at its facilities. In Kenya, aquaculture provides almost 25% of fish production.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Espoir Olodo. Click subscribe to sign up to ESM: The European Supermarket Magazine.