Nivea continues to invest in African fashion; sponsors Accra Fashion Week 2019
Nivea has confirmed its commitment to supporting Africa’s fashion industry as title sponsor of the recent Accra Fashion Week, held earlier this month. Nivea’s sponsorship fits well with its parent company’s ambition to grow its business across the continent. The...
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Aqua Bio Technology partners with DBK Pharmaceutical to take Moana Skincare to Egypt
Aqua Bio Technology has entered into an agreement with DBK Pharmaceutical for the latter to distribute the former’s Moana Skincare brand in Egypt. Egypt will be Aqua Bio Technology’s first foray into the African continent, the brand has already launched in Kuwait as...
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Unilever Israel shrinks pack size as production costs soar
Unilever Israel has announced that it will be increasing the effective price of select products by ushering in smaller pack sizes, in order to recoup increased production costs, according to a report published by Globes. The Anglo Dutch FMCG retailer is said to have...
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PZ Cussons: Market conditions will remain challenging
PZ Cussons has warned that it expects market conditions to remain challenging across its key geographies for the balance of the first half of the year. In a trading statement published last week, the manufacturer of Carex and St Tropez flagged the fact that its key...
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Teddy Sagi snaps up Wow Cosmetics
Billionaire Teddy Sagi has struck a deal to acquire Israeli make-up brand Wow Cosmetics for US$15.7 million via his London-based Fiver firm, according to a report published by Globes. The deal will allow the brand to launch an e-commerce site as well as expand its...
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Tanzanian government to support burgeoning cosmetics industry
The Tanzanian government has pledged to support its burgeoning cosmetics industry in the hope that the country will reap the rewards in the form of job creation, GDP growth and infrastructure improvements, according to a report published by The Citizen. “The sector...
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Symrise to launch R&D facility in Nigeria
Symrise is set to launch a new laboratory in Nigeria, according to a report published by Vanguard. Located in Lagos, the R&D facility will open at the end of this week, and represents an increased commitment to the East African market as well as providing the...
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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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