News Digest | 30 June 2026 - Trendtype Africa and Middle East
South Africa, Takealot Group records $11 million adjusted EBIT profit. Cameroon, Beau Café signs European export partnership. Kenya, Williamson Tea and Kapchorua Tea increase dividend payouts. Rwanda, Government selects Kenyan transit corridor for fuel imports. Kenya, Tibu Health secures funding to expand medical network. Nigeria, Vidari Group Holding Company launches cross-border payment platform
South Africa: Takealot Group records $11 million adjusted EBIT profitTakealot Group’s adjusted profit before interest and tax hit $11 million for the year ended 31 March 2026, a turnaround from last year’s $13 million loss. Revenue climbed 19% to $1 billion, with the marketplace division doing most of the lifting. The group now wants to spin its logistics arm, Takealot Fulfilment Solutions, into a standalone revenue stream. Cameroon: Beau Café signs European export partnershipBeau Café and Spanish firm Incapto signed an agreement in Douala on 26 June 2026. Beau Café will ship Cameroonian coffee beans for distribution in Europe; Incapto, in turn, will distribute its automatic coffee machines across Central Africa. Both sides are betting the deal opens new export markets and raises the profile of local coffee abroad. Kenya: Williamson Tea and Kapchorua Tea increase dividend payoutsWilliamson Tea Kenya and Kapchorua Tea Kenya both raised dividend payouts for the year ended March 2026, dipping into retained earnings to do it. Williamson Tea tripled its payout to Kes 525. 3 million after returning to profit. Kapchorua Tea went further, lifting its distribution 140% to Kes 469. 4 million on a net profit of Kes 196. 9 million. Rwanda: Government selects Kenyan transit corridor for fuel importsRwanda has picked Kenya’s transit corridor over Tanzania’s for its government-to-government fuel import programme, leaning on the Mombasa port and the Kenya Pipeline Company network for efficiency. The Rwanda National Petroleum Corporation plans to import up to 500,000 cubic metres of refined fuel a year through the route to shore up national supply. Kenya: Tibu Health secures funding to expand medical networkTibu Health has landed funding from Proparco, the French development finance institution, through its Digital Africa Bridge Fund. The money will expand Tibu’s primary healthcare network, including mini-clinics tucked inside supermarkets and Goodlife pharmacies. The hub-and-spoke setup is meant to put medical care within reach of urban and peri-urban communities. Nigeria: Vidari Group Holding Company launches cross-border payment platformVidari Group Holding Company has launched Vidaripay, a cross-border payment platform built for freelancers and small businesses, with the pitch being lower transaction costs and faster settlement. It comes with a merchant tool for online payments and a digital wallet for cross-border trade across Vidari’s African markets. Nigeria: Central Bank of Nigeria reports official Naira depreciationNigeria’s naira slid to N1,383. 62 to the US dollar, the Central Bank reported, as foreign exchange demand picked up. Foreign portfolio investors have been selling out of equities, adding to the pressure. Interbank turnover rose to $223. 9 million, but dollar liquidity remains tight enough to keep squeezing the local market. Egypt: Federation of Egyptian Industries launches gold jewellery strategyThe Federation of Egyptian Industries has rolled out a plan running to 2029 aimed at making Egypt a regional gold hub, with the emphasis on exporting finished, locally made jewellery rather than raw metal. It wants to push into new markets across Africa, Europe, and the Gulf, with small and medium enterprises doing much of that work. Benin: Cotton producers announce 2026/27 regional harvest targetsWest African cotton producers have set their targets for the 2026/27 season. Benin is aiming to keep its regional lead at 700,000 tonnes of seed cotton, helped along by bigger fertiliser subsidies. Mali is targeting 598,500 tonnes, Burkina Faso is pushing for a 69% jump to 532,000 tonnes, and Côte d’Ivoire is looking for a modest recovery to 400,000 tonnes. Kenya: Government signs Ksh22. 1 billion Samurai financing agreementKenya has signed a Ksh22. 1 billion financing deal with Japan to back manufacturing and infrastructure. Of that, the Samurai facility puts Ksh13. 1 billion toward local motor vehicle assembly under the national automotive policy, with the rest going toward grid reliability and wider public service and economic reforms. Disclaimer:This content is provided for informational purposes only. View our fullDisclaimerfor details.