Africa: latest retail news, insights and analysis | ESM Magazine

Cashew Prices Jump Nearly 10% After Tanzania Price Hike

The global price of cashew nuts has jumped nearly 10% over the past week, after Tanzania's government started buying the entire country's stock at a higher...

Creditor Seeks To Wind Up Kenya's Uchumi Supermarkets Over Debt

A Kenyan company is seeking the dissolution of retailer Uchumi Supermarkets over a 44.8 million shilling debt, according to court documents seen by Reuters...

Extending Palm Oil Production In Africa Could Put Primates In Danger: Study

A European research team has found that an extension of the palm oil industry in Africa could have dramatic outcomes for wildlife, especially African prima...

AB InBev To Build New Brewery In Mozambique

Anheuser-Busch InBev, the world's biggest brewer, will start building a more-than two-million-hectolitre-a-year brewery in Mozambique in the second half of...

PZ Cussons’ FY Pretax Profit Falls 23%, Missing Its Forecast

Soaps and cosmetics maker PZ Cussons Plc's full-year pretax profit dropped 23 percent, well below its estimates, as sales fell in Nigeria, its largest mark...

Nestlé To Reorganise Operations In Sub-Saharan Africa

Swiss food and drink company Nestlé has announced it is 'reorganising' its operations in Sub-Saharan Africa, due to costs in the Equatorial Africa R...

Steinhoff Africa Retail Passes On Dividend Payment, Slows Expansion

Steinhoff Africa Retail (STAR) reported a 12% rise in half-year profit on Tuesday thanks to strong growth in its Ackermans brand and a turnaround in retail...

African Coffee Output May Almost Double In Five Years As Farms Grow

African coffee output could almost double in the next five years as some countries boost plantings and make farming more productive, according to the Afric...