Ex Frutarom chief steps down from CBD firm
The former CEO of flavors and fragrance giant Frutarom, Ori Yehudai has resigned from his role of Executive Chairman at Sade Group, according to a report published by Globes. Yehudai joined the CBD manufacturer in May. Globes reports that it is not known whether the...
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Africa anticipating beauty and fashion boom as trade agreement comes into force
The African continent is hoping that a landmark trade agreement, the African Continental Free Trade Agreement, which wipes out tariffs for a number of FMCG goods between member states will boost trade in clothing and cosmetics, according to a report published by the...
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Mum’s the word: Kenya’s MumsVillage launches online shop
Kenyan parenting website MumsVillage has launched an online shop to sell mum and baby products, according to a report published on Business Insider by Pulse. The online community participated in impact investor Gray Matters’ digital acceleration program earlier this...
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We want to become a shea hub: Nigeria reveals ambitious plans for shea farmers
The Nigerian government is hoping to transform the country into a ‘shea hub’, exporting high quality shea butter and shea-based products in order to boost employment and the economy, according to a report published by The Nation. At present the country accounts for...
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Solabia takes majority stake in Israeli Algatechnologies
French biotech firm, Solabia has acquired an 80 percent stake in Israeli Algatechnologies from Grovepoint and JCA Charitable Foundation, according to a report published by Globes. Terms of the deal were not disclosed, but the deal is estimated at around US$80 to 100...
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Turkey mirrors U.S. with cosmetic import tariff reductions
Turkey has mirrored the move by the U.S. to half Turkish import tariffs last week with the Turkish Trade Ministry having announced a reduction in tariffs on U.S. imports, according to a report by Reuters. The move follows a previous tariff price hike from both...
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Strike action hits Dis-Chem’s earnings
South African pharmacy chain Dis-Chem’s earnings missed analyst estimates after industrial action affected performance in the final quarter of the year, according to a report published by Reuters. The drugstore operator was expected to report earnings of 87 cents per...
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Long4Life shares soar as sales jump to ZAR3.6 billion
Shares in South African investment firm Long4Life leapt 5 percent last week as the company posted better-than-expected sales for fiscal 2018 – it’s first full-year report since it listed on the South African stock exchange in 2017, according to a report published by...
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Not on my watch: Ugandan Cabinet oppose medical cannabis plan
The Ugandan First Lady, Janet Musevani and her cabinet have spoken against a decision to allow an Israeli company to grow marijuana for medical use in the country, according to a report published by All Africa. Musevani dubbed the suggestion that cannabis be...
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Things can only get better? PZ Cussons issues trading update
PZ Cussons has released a trading update in respect of the year to May 31, 2019. The UK beauty manufacturer, who has struggled due to ‘extremely challenging conditions’ in Nigeria, issued profit warnings in both December and January. However, in its latest update, the...
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