AfricanMarket

Pecking the Market: Pepkor Expands Its Footprint with Strategic Acquisition of Four Prominent Brands

2 months ago

In a bold move to solidify its presence in the African retail landscape, Pepkor Holdings has announced its acquisition of four significant brands, thereby enhancing its access to over 462 retail outlets across the continent. This strategic investment is poised to elevate Pepkor’s competitive edge in an increasingly dynamic market.

Billionaire Castel to Acquire Diageo’s Unit, Expanding Beverage Empire in Ghana

4 months ago

In a significant move within the beverage industry, billionaire entrepreneur Alain Castel is set to acquire Diageo's subsidiary, Guinness Ghana Breweries Limited. This acquisition marks a critical expansion strategy for Castel as he aims to strengthen his footprint in the rapidly growing Ghanaian market. The deal, which is valued at approximately $500 million, emphasizes the increasing competition in Africa's beverage sector, particularly in the alcoholic drinks segment.

Ghana Celebrates Historic Trade Surge as Gold Exports Propel $5 Billion Surplus

4 months ago

In a remarkable shift for its economy, Ghana has achieved its first trade surplus in over a decade, reaching an impressive $5 billion. This new economic milestone has been primarily fueled by a significant increase in gold exports, highlighting the country's pivotal role in the global gold market.