Industry Developments

SABMiller is reportedly in negotiations to acquire the Les Brasseries & Glaceries Internationales (BGI) African beer business of the privately owned France-based Castel Group for... 2010-10-07

The Middle East and North Africa (MENA) region's largest food and drink company by market capitalisation Almarai has reported Q310 (three months to September 2010) year-on-year (y-o-y)... 2010-10-06

South Africa's largest dairy firm Clover is planning an initial public offering (IPO) on the Johannesburg Stock Exchange (JSE) as it looks to raise nearly US$50mn worth of expansionary... 2010-10-04

The likely acquisition of Massmart by Wal-Mart following a non-binding ZAR148 per share that could lead to an official cash offer that values the company at ZAR28.9bn (US$4.14bn) could... 2010-10-01

Kenya's mass grocery retail (MGR) industry looks set to grow strongly over the next few years. Comfortably the East African Community (EAC)'s most developed retail industry, we estimate... 2010-09-30

BMI expects soft drinks to perform dynamically to 2014 with the core bottled water, carbonates and fruit juice segments all poised for double-digit annual volume growth. This is in... 2010-09-29

Nigeria's second largest beer company by annual sales Guinness Nigeria has reported a 22% year-on-year (y-o-y) increase in net sales to NGN109.36bn (US$708mn) in the year to June 2010.... 2010-09-28

Wal-Mart has made a real statement of intent by bidding ZAR148 per share for the diversified South African retailer Massmart. The bid from the world's largest retailer represents a... 2010-09-27

In the lead up to the July 2010 onset of the East African Community (EAC) common market, BMI argued that Kenyan retailers were very well positioned to take advantage of regional barriers... 2010-09-24

Following a challenging two-year period over 2008 and 2009, as post-election violence and then a sluggish economy reined in private consumption after a period of accelerated growth,... 2010-09-23