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.
Kaya raises US$2.6 million in seed round
Beauty e-commerce platform, Kaya has raised some US$2.6 million in a seed round led by Revival Lab, according to a report published by Arab News.
Nigeria’s cosmetic market grows 14.5 percent to reach N1 trillion turnover
Nigerian beauty sales hit a value of N1.034 trillion in 2021, up 14.5 percent on the prior-year period, according to data compiled by Euromonitor and reported by The Guardian.
Hermes cuts ribbon on dedicated beauty boutique in Saudi Arabia
Hermes has opened its first beauty boutique in the Kingdom of Saudi Arabia, according to a report published by Harpers Bazaar.
BASF opens first Baby Care Competence Center in Turkey
BASF’s Care Creations unit opened its inaugural Baby Care Competence Center in Turkey in June. Integrated into the ingredients supplier’s Innovation Center Turkey, the center will develop effective solutions with special ingredients for a wide range of baby care products.
L’Oréal launches signature brand’s anti-aging range onto Kenyan market
L’Oréal Paris has launched its Revitalift Filler range onto the Kenyan market as demand for anti-aging products grows, according to a report published by Tuko.
Israel and UAE sign fair trade agreement
Israel and the United Arab Emirates have signed a landmark fair trade agreement, according to a report published by Reuters. The deal is Israel’s first with an Arab country.
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