New Islamic start-up incubator to promote ethical business practice in Dubai
A new start-up incubator, Goodforce Labs, has been launched in Dubai between Dubai Airport Freezone Authority (DAFZA) the Dubai Islamic Economy Development Centre and venture firm Technolera in order to promote ethical business practices in the halal and Islamic...
Kenyan women spend 20 percent of their income on hair
Kenyan women spend an average of SH50,000 per year on their hair, according to the AfroUrembo Beauty Trends Report 2018, as reported by Capital FM. Women hailing from the East African nation have upped spend by some 5 percent since 2016 as disposable income grows, now...
Nigeria to impose tariffs on locally produced soaps, cosmetics and perfume?
Nigeria’s Minister of Finance, Kemi Adeosun, has written to President Muhammadu Buhari seeking approval to impose tariffs on a series of locally produced consumer goods, according to a report published by The Punch. Soaps, perfumes and cosmetics were among the goods...
Unilever Zimbabwe clocks up US$8.5 million investment with new Harare packaging plant
Unilever Zimbabwe has cut the ribbon on a new US$500,000 packaging plant in Harare, bringing its total investment in operations in the country to US$8.5 million over the last five years, according to a report published by The Herald. “We have been in Zimbabwe for the...
PZ Cussons Nigeria announces new CFO hire as Petzer resigns
PZ Cussons Nigeria has announced the appointment of Pedro Barreto as its new Chief Finance Officer, effective February 20, according to a report published by the New Telegraph. Barreto, a Portuguese national, replaces David Petzer who resigned from the company in late...
Frutarom acquires Israeli Biotechnology for US$21 million
Frutarom has jumped on the acquisition trail once more, striking a deal to acquire 100 percent of the shares in Israeli Biotechnology Research (IBR) for US$21 million. The transaction was completed upon signing and financed through bank debt. "The IBR acquisition is...
Pakistani beauty guru Nabila launches Zero Makeup brand in Dubai
Pakistani beauty guru, Nabila, has launched her make-up brand in Bloomingdales Dubai, according to a report published by Arab News. Zero Makeup launched in 2016 and its USP is to cater for diverse skin tones, particularly the often underrepresented south Asian skin...
PZ Cussons turns it around as Nigerian turnover soars 23 percent
PZ Cussons’ Nigerian operations are well on the road to recovery, according to a filing with the Nigerian Stock exchange reported by the New Telegraph. The group posted a profit of N589.56 million for the half year ended November 30, 2017, up 304.03 percent on the...
Will D-beauty be the next big thing? Dubai takes its homegrown brands international
Several Dubai-based beauty brands are launching internationally, leading The Quartz to speculate that this Middle Eastern market will soon rival South Korea as a global capital of beauty. The Quartz points to Huda Kattan, Founder of Huda Beauty, who recently attracted...
Unilever Ghana scoops two awards at first Ghana Expatriate Business Awards
The Ghanaian arm of Dutch personal care giant Unilever has received two awards at the first Ghana Expatriate Business Awards, including Top Expatriate Business. Organised by the Ministry of Trade and Industry, the awards were developed to highlight the importance of...
LATEST NEWS
