Local Egyptian company Egyptian Company for Cosmetics (ECC) has acquired beauty e-commerce platform Source Beauty, according to a report by Disrupt Africa.
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.
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.
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.
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 has opened its first beauty boutique in the Kingdom of Saudi Arabia, according to a report published by Harpers Bazaar.
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 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 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.
Israel is set to lift certain controls placed on imports in a bid to cut prices, according to a report published by Reuters quoting a government official.