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:
Uganda: Carrefour Launches Its Second Store
Carrefour has opened its second outlet in Uganda. The new store spans 2,050 square meters of selling space, and is located at Metroplex Shopping Mall in Naalya. It offers approximately 20,000 SKUs and will aim to provide direct and indirect job opportunities for over 90 employees. With this new location, the company aims to expand its footprint in East Africa. Carrefour opened its first outlet in Uganda in 2019.
Nigeria: Bolt To Tap Into Food Delivery Market
Bolt, the Estonian ride-hailing business, is launching a new food delivery service in Nigeria. The company is looking to develop partnerships with local businesses in order to run its projects. With its market entry, the company wants to take advantage of a meal delivery market that has been boosted by restrictions linked to the coronavirus. Bolt will face competition from other established players in this segment such as Jumia Foods, which boasts over 20,000 drivers within Nigeria. Bolt is already present in seven countries in Africa.
Zimbabwe: Grain Millers To Invest € 7 Million Into Breakfast Cereal Production
Zimbabwe's Grain Millers Association is seeking to inject €6.7 million into a breakfast cereal production project as early as next year. The initiative aims to generate added value for the agricultural sector. It will also seek to take advantage of the expected large maize crop in the country. In Zimbabwe, the breakfast cereals market is forecast to reach €28 million by 2024.
South Africa: SAB To Unveil New Beverage
South African Breweries, a subsidiary of ABInBev, is set to shake up the beverage market with a new product named 'Flying Fish Seltzer'. The product comes in a 300ml premium slim can, in two flavour varieties, and will be launched in supermarkets in April. Once on the market, Flying Fish Seltzer will compete with other products such as the Vawter Hard Seltzer brand, which is produced by rival manufacturer Distell.
Uganda: Pearl Dairy Farms To Unveil Honey Processing Unit
Dairy processor Pearl Dairy Farms plans to launch its new honey processing facility in April. The unit, which is already 90% complete, will feature two production lines. It aims to process 20 tonnes of honey per day for export to Europe, as well as local markets, and will be fully automated. The company plans to invest as much as Ush10 billion (€2.2 million) into commercial honey production. The project is a part of the company’s plan to diversify its revenues beyond milk production, in which it is the leader with its flagship brand Lato Milk.
Kenya: Kenya Breweries Unveils New Gin Brand
Kenya Breweries Limited (KBL), a subsidiary of EABL, one of the leading beverage companies in Kenya, has unveiled a new spirit named 'Tanqueray Flor de Sevilla'. The product is characterised in particular by its orange and pink grapefruit aroma. The innovation comes at a time when middle and upper-income consumers are moving away from standard spirits and seeking more exotic and premium brands. EABL has a 90% market share of Kenya's alcoholic beverages market. According to the USDA, the Kenyan market for spirits has witnessed significant growth over the past five years (2015 to 2019), recording a CAGR of 15.9%.
© 2021 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.
