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News Insight FMCG ­ September 2015 22/10/2015 Infomineo: News Insight FMCG ­ September 2015 News Insight FMCG Middle East and Africa September 2015 The “News Insight FMCG” newsletter aims at collecting news and developing insights on Fast Moving Consumer Goods market in the Middle East and Africa. Infomineo gathers insights covering MEA region market trends and FMCG players' strategic plans: expansion projects, M&A, partnerships and projects, latest nominations, publications and events across countries of the region. If you want to know more about Infomineo please send an e­mail to [email protected] and our partners will answer within a few hours. Forward this email Agenda http://us3.campaign­archivLea1.tceoms/t? un=7e1w4csf3 6oa7nd aF72M6f2C82G85 5p6l9a32y&eidr=sf8690d7082 1/8 22/10/2015 Infomineo: News Insight FMCG ­ September 2015 Latest news on FMCG players Updates on retail industry Latest news on FMCG players Diageo plans to maximize equity in Guinness Nigeria by 70 percent The alcoholic beverages producer has informed the board of directors of Guinness Nigeria as well as the Nigerian stock exchange of its intention to increase its stake in the Nigerian company to reach 70%. According to Diageo, the company intends to launch a tender offer at a price of NGN175 per share (which represents a premium of 36%), giving the opportunity to shareholders to sell their shares via its subsidiary Guinness Overseas. Diageo has made acquisitions in brands and local distribution during the last 5 years, and doubled the size of the luxury business. Read more - Vanguard Coca­cola exports 70% of its Egyptian production: MENA president Mr Kurt Ferguson, President of Coca Cola in the MENA region announced that only 30% of the company’s production in Egypt is for domestic consumption. He also called on the Egyptian government to establish free zones in order to encourage foreign investors. During this year, the beverage company announced an investment plan of USD500 million in the country in the coming 3 years. Read more - Daily News Egypt Nestlé Congo inaugurates its production line of NIDO NutriPAK Mr Willy Makiashi, minister in charge of employment in Congo, inaugurated the new production line of NIDO NutriPAK, the powdered milk enriched in iron ore. This new milk that will be available in 13g pack, will help compensate the iron deficiency of the local population. The line of production that has been established in 6 months, is considered to be a major revolution for the industrial sector of Congo. It will also extend the existing capacity of the Congolese plant that has only been producing MAGGI Cube until now. Read more - La Prospérité http://us3.campaign­archive1.com/?u=714cf36a7da726f2828556932&id=f8690d7082 2/8 22/10/2015 Infomineo: News Insight FMCG ­ September 2015 General Mills to close South African site General Mills announced that it had taken a preliminary decision to close its Johanesburg plant as part of a move to quit South African foodservice sector. This decision is still subject to consultation with the staff as it will impact a number of employees. The company declined to comment on the number of jobs this closure will affect. Read more - New Food Magazine Heineken's first half results surpasses market expectations despite slow growth in Africa The Dutch brewer released its results for the first half of 2015, and its earnings exceeded market expectation. However, Africa proved to be the weakest spot for the company due to currency devaluation which led to inflation more than nine percent with margin pressure in Nigeria. Heineken also underperformed in Egypt and the Democratic Republic of Congo. Read more - Top News Arab Emirates Diageo, Heineken and Namibian Breweries Ltd in South Africa and Namibia. Diageo and Heineken announced the dissolution of their joint venture in South Africa and Namibia with Namibian Breweries Ltd. In 2004, Diageo, Heineken an Nigerian Breweries teamed up in South Africa to create BandHouse, an entity designed to sell Diageo’s products as well as Heineken and Nigerian Breweries beers. This dissolution will result in Diageo taking full control of BandHouse and will run it as a stand­alone company starting from October 2015. South Africa is Diageo’s fifth largest spirits market in volume terms. Read more - Just Drinks Diageo picks Kenyan to head Guinness Nigeria Mr Waititu Ndegwa has been appointed by Diageo as a CEO of Guinness Nigeria Plc. He has been managing director of Guinness Ghana Breweries Ltd since 2011, and have previously been working with Diageo’s local unit East African Breweries Limited as group finance director. Mr. O’Keeffe, president for Diageo Africa, commented on this nomination saying: “He excels in orchestrating strategic change, driving organisational and team alignment and building momentum around business priorities that deliver http://us3.campaign­archive1.com/?u=714cf36a7da726f2828556932&id=f8690d7082 3/8 22/10/2015 Infomineo: News Insight FMCG ­ September 2015 superior business results. Read more - Business Daily Africa Nestlé South Africa chicory agreement will create almost 900 jobs With its commitment to increase local sourcing of chicory plant used in its Nescafé Ricoffy, Nestlé is expected to create 870 new jobs in South Africa by 2019. The Swiss company has signed a memorandum of understanding with the nation’s department of trade and industry as well as the Eastern Cape government to encourage farmers to grow the plant. With a chicory industry declining over the past years (essentially due to an increase in imports), Nestle has committed to buying chicory from local farmers, and to provide them with technical support. Read more - Nestlé Website Unilever Nigeria H1 pretax profit falls to 94 million Naira Unilever Nigeria announced that its half­year pretax profit dropped to NGN 94.07 million (USD 472,832) from NGN 2.07 billion (USD 10.4 million) a year earlier. The main reason of this major drop is the increase of the financial charges that rose 137 % in the period. Revenues also dropped to NGN 28.72 billion (USD 144.3 million) from NGN 29.28 billion (USD 147.1 million). Read more - Reuters Nestlé Palestine operations receive environmental & safety certifications Nestlé Palestine warehouse and offices operations have been granted the ISO 14001 Environmental Management System certification, and the OHSAS 18001 Occupational Health and Safety Assessment System certification. The ISO certification is a demonstration of the company’s commitment to environmental protection through conserving water and energy and calculating environmental risks. OHSAS award confirmed the company’s prioritizing of health and safety by ensuring a secure work setting for its employees. In November 1997, Nestlé became the first multinational Food and Beverages company to invest in the establishment of full operations in Palestine with the creation of Nestlé Trading P.L.C. Read more - Saudi Gazette Qatar Duty Free teams up with L’Oréal for fragrance pop­up store http://us3.campaign­archive1.com/?u=714cf36a7da726f2828556932&id=f8690d7082 4/8 22/10/2015 Infomineo: News Insight FMCG ­ September 2015 The pop up store that was called When East Meets West is located at Hamad International airport in Doha. The store showcases fragrances from five L’Oreal brands that are: Lancôme, Giorgio Armani, Yves Saint Laurent, Ralph Lauren and Viktor & Rolf. The pop­up shop also offers a bottle engraving service. Read more - BW Confidantial Malawi: Carlsberg accused of polluting the Nankhana river The Danish brewer is being accused to discharge waste water from its plant in Lilongwe into the Nankhaka River, which resulted in its pollution from phosphoric acid, caustic soda and urea. A member of the city council pointed at the failure of Carlsberg to build a water treatment facility despite having promised to do so previously. Carlsberg Malawi announces that it is working on a water cleansing action plan, and that it has fulfilled all its obligations for 2015. Source: ESMERK Danish News Updates on retail industry Kenya's Uchumi says earnings for year ending June to fall 25 pct The Kenyan retailer announced that its earnings for the fiscal year 2014­2015 ending in June will be at least 25% worse than a year before. This counter performance is mainly due to the challenges that the company faced regarding the working capital. The company named recently a new CEO after firing the previous one along with the CFO because of the company’s default regarding supplier’s payment. Read more - Reuters Massmart CEO setting up business in Africa is slow going According to Massmart’s CEO, the slowness of the company’s expansion through the rest of Africa is mainly due to the difficulties of acquiring land and proper licenses. Mr. Guy Hayward declared that the South African retailer has signed some leases in some African cities. He also added that after the securing of proper licenses, seasonal rains are to be considered while building the new stores. Read more - IDA Week http://us3.campaign­archive1.com/?u=714cf36a7da726f2828556932&id=f8690d7082 5/8 22/10/2015 Infomineo: News Insight FMCG ­ September 2015 South Africa's Massmart reports drop in earnings The South African retailer reported a drop of 26.4% in its revenues for the first 6 months of 2015. Despite a 9.1% rise in sales to reach USD 2.97 billion, the earnings per share fell to 122.4 cents compared with 166.4 cents a year earlier. Massmart had to absorb a part of the impact of the declining South African currency, and had a limited scope to increase prices as the local consumers were already struggling with the increase of energy and transport costs. Read more - Reuters Kenya's Uchumi supermarkets picks new CEO after predecessor sacked Uchmi Supermarkets appointed Mr. Julius Kipngetich as the new CEO of the company after firing Mr.
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