Nairobi-based SuziBeauty acquired by Flame Tree Group
Beauty brand SuziBeauty has been purchased by Nairobi Securities Exchange-listed manufacturing company Flame Tree Group, subject to approval from the competition authority. The acquisition will allow the brand to further develop in the African beauty market and...
Saudi Arabia: cosmetics imports double in 2015 to SR2.3 billion
Saudi Arabia’s cosmetics imports were double the expected size for the year, reaching a value of SR2.3 billion – or 44.5 million kilogrammes in volume terms – according to a report published by the Saudi Gazette. The cosmetics industry has bucked the general trend,...
Jordan looks to Africa to boost exports
Jordan manufacturers are petitioning the authorities to help them access the African export market to bridge the gap opened up by the closure of traditional markets in their home country and unrest in Syria and Iraq. At a workshop on accessing the African market,...
Lack of disposal income hits PZ Cussons in Nigeria
PZ Cussons has released a trading update in respect of the first half of the year, warning that risks remain in its key market: Nigeria. The personal care and beauty product manufacturer is expected to report ‘broadly flat’ profits for the first half of the year ended...
High quality cosmetics key to economic sustainability in Nigeria
Ikpong Umoh, Chairman of Toiletries and Cosmetics Group (TC) has spoken of his desire to maintain economic sustainability in Nigeria through the production of high quality toiletries and cosmetics. Speaking at the 2015 Annual General Meeting and End of Year...
Saudi halal cosmetics market to grow at CAGR of 15 percent
The Saudi Arabian halal cosmetics market is projected to grow at a CAGR of 15 percent between 2015 and 2020, according to a new report published by TechSci Research. The primary growth driver is religious preference, but growing concern over harmful ingredients is...
Unilever sells brands in Africa as it continues focus on multicultural and male consumers
In a bid to focus on its multicultural and male consumers, Unilever has sold the brands Motions, Just for Me, Consort, Groom & Clean and TCB to international hair care company Strength of Nature for an undisclosed sum. Kees Kruythoff, President of Unilever North...
Unilever East Africa to invest in regional infrastructure
Unilever East Africa is said to have entered into a memorandum of understanding with Tatu City Limited for the acquisition of 70 acres of industrial land. The move is thought to be part of a series of investment activities planned in order to drive growth in the...
Reckitt Benckiser: Nigeria is the new Brazil
Reckitt Benckiser’s CEO Rakesh Kapoor has revealed in an interview with Bloomberg that the company believes that Nigeria has the potential to become a high-growth market to rival Brazil. However, Kapoor warned that businesses would have to be patient and take a...
Unilever Nigeria partners with Abuja Chamber of Commerce and Industry
Unilever Nigeria has become a member of the Abuja Chamber of Commerce and Industry Limited (ACCIL). At the presentation of the membership certificate to Unilever, President of ACCIL, Tonye Ejinkonye noted that the support of multinationals was key to growing the...
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