L’Oréal names Manging Director for East Africa region
L’Oréal has named Yassine Bakkari as the Managing Director for the East African region. In his new role, Bakkari will oversee operations in Kenya, Tanzania, Uganda, Rwanda, Burundi and Ethiopia, according to a report published by The Star.
PZ Cussons Nigeria appoints Board Chair
PZ Cussons Nigerian arm has named Ifueko Omoigui Okauru as Chair of its board. The former Chair of the Federal Inland Revenue Service replaces Gbenga Oyebode who retired, effective January 25.
Natura &Co takes The Body Shop to Kenya
Natura &Co’s The Body Shop brand has entered the Kentan market, according to a report published by Capital FM.
Finance in 2022 – inflation, inflation, inflation
Whether as a result of the pandemic, supply shortages or price gouging, inflation started rising worldwide in mid 2021 and was only exacerbated at the start of 2022 as Russia invaded Ukraine, sending fuel prices soaring.
Kenya’s Uncover Skincare raises US$1 million in seed round
Kenyan start-up, Uncover Skincare has raised US$1 million in a seed round, with FirstCheck Africa, Samata Capital, Future Africa and IgniteXL named as participants, according to a report published by Tech Crunch.
The Detox Market teams up with Faces to launch in the Middle East
The Detox Market has teamed up with Faces to launch in to the Middle East. The clean beauty marketplace will launch on the Faces website before expanding into bricks and mortar in the second half of next year, according to a report published by WWD.
Shoprite to pull out of Congolese market
South African retailer, Shoprite has announced that it is closing its operations in the Democratic Republic of Congo, according to a report published by Reuters.
Egyptian Company for Cosmetics (ECC) acquires beauty e-commerce platform Source Beauty
Local Egyptian company Egyptian Company for Cosmetics (ECC) has acquired beauty e-commerce platform Source Beauty, according to a report by Disrupt Africa.
Sunlight partners with Bboxx to expand clean energy reach in Kenya
Unilever-owned Sunlight has partnered with energy services platform Bboxx in a bit to up the availability of clean energy in Kenya, bringing green power to some one million people over the next three years, according to a report published by Edie.
Israeli start-up to debut beauty brand based on avocado PFA
AvoMed has developed a range of upcycled cosmetics that it claims can improve sun damaged skin, according to a report published by Israel Hayon. The key ingredient is bioactive polyhydroxylated fatty alcohols (PFA), extracted from avocado pits discarded by the food industry using a patented method that renders the resulting compound safe for use in cosmetics.