Drinking It All In | Beverage Trends in Africa – Smollan Tanzania

By: Warren Brett Cluster Executive, SEA Region, Smollan Tanzania  African beverage trends are driven by innovation and culture. From the cherished rituals of traditional tea and coffee to the emerging popularity of carbonated soft drinks and fruit juices. Africa’s beverage market is evolving rapidly, reflecting changing consumer preferences and the impact of various socio-economic factors.

The Future of Trade Finance in Sub-Saharan Africa Amidst Hard Currency Challenges – Bank One

With foreign exchange shortages plaguing sub-Saharan African economies, Bank One’s Head of Trade, Gerald Ndosi, explains what measures can be taken to overcome US dollar liquidity challenges, promote trade finance, and foster sustainable economic growth in the region International Trade is conducted in the currencies of major economic powers, largely the US dollar, European Union

Advanced Food Processing Technologies Could Make the Food Industry More Sustainable – SYSPRO

By Marius Wessels Manager: Professional Services for SYSPRO Africa Food goes to waste at every stage in the food manufacturing and distribution process – from farming and production to packaging, storage, distribution, retail and finally, once it reaches consumers. According to the Food and Agriculture Organisation of the United Nations (FAO), globally we lose or

A New Era of Digital Retail in Africa

Exploring innovation coupled with cutting-edge tech is on the up as brands and retailers consider what, when and how to ride the new wave of consumerism in Africa. With the future of digital retail in Africa an exciting and ever-changing landscape. Africa Overview Customer expectations are forcing retailers to reassess the service they provide, not

Absa Hosted Made in Africa Event to Ignite African Business by Connecting the Continent’s Buyers and Sellers

“It is time for Africa. It is time for Africa to harness its people, its resources, and its resilience for the betterment of all. It is time for large corporates and public sector entities to open up their supply chains for the betterment of local businesses. It is time for financial institutions to support this

Bolt to Invest Over €500 Million in Africa Over Next Two Years as It Surpasses 1 Billion Rides on the Continent

Bolt, the leading mobility app in Africa, has announced plans to invest €500 million in its operations on the continent over the next two years. The funds will be used to expand Bolt services in Africa and create opportunities for over 300,000 new drivers and couriers to join the platform in 2023. Having launched in

3 Key Trends for Africa’s Informal Retail Sector in 2023

According to Boston Consulting Group (BCG), Africa’s informal retail sector accounts for more than 70% of food, beverage and personal care products provided to consumers across the continent. However, despite their importance, local informal shops throughout Africa have been consistently held back for decades by a host of major challenges including frequent stockouts, limited access

Wasoko Launches Innovation Hub In Partnership with The Government of Zanzibar

Africa’s Largest B2B E-Commerce Network Becomes Official Private Sector Ambassador for “Silicon Zanzibar” Initiative  Wasoko, the African e-commerce company leveraging innovative technology to transform the informal retail supply chain, has announced the official launch of the “Wasoko Innovation Hub” in partnership with the Zanzibar government. Located in Fumba Town, Zanzibar, the new Hub will focus on

Nestlé Appoints Arvind Bhandari as Cluster Head for East and Horn of Africa Region

Bhandari has 18 years’ experience of driving growth of the Nestlé business Nestlé has appointed Arvind Bhandari as the new Cluster Head for East and Horn of Africa, which forms part of Nestlé East and Southern Africa Region (ESAR). In this role Bhandari will manage operations in Kenya, Tanzania, Ethiopia, Djibouti, Eritrea, Somalia, South Sudan,

Nomanini launches StockNow, a digital retailer solution, to bring affordable working capital to Africa’s informal retail markets

Nomanini (https://Nomanini.com), a fast-growing fintech platform in Africa, has today announced the launch of a new supply chain finance solution called StockNow that connects FMCGs and financial service providers to serve Africa’s informal retailers at scale. StockNow, an easy-to-use app for retailers developed by Nomanini, makes it possible for informal micro and small retailers to

Sowing the Seeds of Sustainability with Starbucks during Earth Month

Starbucks brings the sustainability theme right home with the simultaneous launch of our partnership with the inspirational Reel Gardening initiative. Reel Gardening produces a biodegradable seed tape planted straight into the ground to improve the chances of a vegetable seedling. With a similar ethos to Starbucks, Reel Gardening uses its products and expertise to make

FAO Strengthening Tanzania’s Capacity to Analyse Food Security and Nutrition Data

The country has made strides to tackle hunger and malnutrition, although Childhood undernutrition remains a public concern at an estimated 40 percent Tanzania, like other countries in the world, has committed to achieve Sustainable Development Goal 2 “end hunger, achieve food security and improved nutrition and promote sustainable agriculture” by 2030. The country has made

UNCDF supports Orange-Fleshed Sweet Potato Factory to Leverage Local Economic Development in Rural Tanzania

Through its Local Finance Initiative (LFI), UNCDF supported Maswa DC with a US$ 100,000 seed capital grant to cover the cost of connecting the factory to the national grid electricity Maswa District Council (DC) is among the six districts of the Simiyu region, the second poorest region in Tanzania with a population of 377,292 people

Smollan | What Retailers Need to do to Succeed in the African Market

Africa can be a challenging place to do business from infrastructure issues, complex compliance, fragmented markets and dispersed populations and particularly post pandemic, harder lives for ordinary people. One cannot ignore those who have gone before with Massmart announcing earlier this month the sale of Game stores in Kenya, Nigeria, Ghana, Uganda, and Tanzania, citing

Kenyan, Tanzanian Manufacturers Hold Three-day Trade Talks

Associations from both countries will engage Government Representatives in talks  Manufacturers from Kenya and Tanzania shall meet from Today, (7th July) to Friday (9th July) to deliberate on trade promotion and market access between the two countries. Food and Beverage, Edible Oils, Chemicals, Automotive, Leather and Footwear sectors are some of the manufacturing sectors that shall participate in the trade mission, hosted

72% of Tanzanian Consumers are Spending More Money Online Since the Start of Pandemic, Reveals Mastercard Study

Data top-up (76%), clothing (59%) and computer equipment (49%) top the virtual shopping list in Tanzania Top learning experiences include learning a managing their banking needs online, managing their healthcare needs and getting their medicine online. Social media has become an integral platform for connecting consumers to online businesses Secure checkout experience recognized as fundamental

phos and Stanchion Collaborate to Connect Merchants in Africa to the Contactless Digital Payment Ecosystem via their Existing Android Mobile Devices

Partnership is a game-changer in enabling contactless acceptance for smaller merchants across the continent phos, the fintech behind the first-ever software-only Point of Sale (SoftPOS), and Stanchion Payment Solutions, a global specialist in payments systems and integration, today announced that they have partnered to help payments processing companies and banks to accelerate time to market

Innervation Pan African Payment Solutions scales retail offering with Loyalty Box acquisition

Innervation Pan African Payment Solutions (Innervation) has announced the acquisition of an African loyalty business, The Loyalty Box from Tritech Media. Innervation forms part of Crossfin Transactional Solutions (CTS), South Africa’s largest independent payments and merchant acquiring solutions platform. Under the terms of the deal, Innervation has acquired The Loyalty Box business for an undisclosed

Vivo Energy Completes Engen Transaction Adding 230 Service stations in Eight African Countries

Vivo Energy plc is pleased to announce the completion of the transaction with Engen Holdings (Pty) Limited, previously announced on 18 September 2018. The transaction adds operations in eight new countries and 230 Engen-branded service stations to Vivo Energy’s network, taking its total presence to over 2,000 service stations, across 23 African markets. The new

More in Store for African Retail & Consumer Businesses

Africa’s economy has seen modest growth in the wake of falling commodity prices, slowing revenues and volatile currencies. The moderation in growth impacts a range of industries and sectors, including retail and consumer products that must contend with rising costs, and a fall in prices. Despite the decline in growth, the long-term outlook remains positive.

Zara Arrives in 106 Markets Thanks to its New Global Online Store

Zara’s global women’s men’s and kids’ collections will be available online for the first time to customers in Angola, Cameroon, Congo, Ivory Coast, Senegal, Kenya, Mali, Mozambique, Namibia, Tanzania, Madagascar, Zimbabwe and Ghana, among others. Zara will launch online sales through a dedicated worldwide online platform, thus bringing its fashions to customers in 106 new