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Ding dong, Shaktimaan calling
African beer: cassava by the pint
SABMiller has finally started selling the world’s first commercially-produced cassava beer. Nearly a year later than envisaged, bottles of Impala are available under a pilot scheme in northern Mozambique.
The delay highlights how even a big multinational with deep experience of emerging markets can still be held up by details such as sourcing fresh cassava from hundreds of individual farmers. In EMs, implementation matters as much as strategy. Continue reading »
Indian consumer stocks: time to buy?
There are a lot of reasons to be bearish on India at the moment. The country’s stock market is among the world’s worst performers year to date. Inflation is stubbornly stuck at 9 per cent. Growth has been revised downwards to 8.2 per cent even as the central bank continues to hike interest rates at an unprecedented pace.
Yet none of this appears to have put off Emerging Global Advisors, the US-based asset management firm, from taking a punt on Asia’s third largest economy. In fact the group has just launched a a fund focusing on India consumer stocks as a play on the country’s galloping domestic consumption. Continue reading »
Brazil: crazy for Easter eggs
Chocolate producers are gearing up for an Easter bonanza – down Rio way.
Brazil, the world’s biggest Catholic country, ranks second only to the UK when it comes to guzzling chocolate Easter eggs. Euromonitor, the data agency, projects that the broader market for seasonal chocolate – including Christmas selections – will grow 50 per cent by 2015, far outpacing global growth of 15 per cent and the UK’s 20 per cent.
In a nod to the country’s other passion, there will be football-themed eggs along with the usual slew of Toy Story and other cartoons familiar to Brits. Continue reading »
Lessons from Bright Food’s failed bid
Fourth time unlucky. Bright Food, the Chinese dairy conglomerate with ambitions to go global, has failed once again to cross the line. The 50 per cent stake in Yoplait, the world’s number two brand that was put on the bloc by French private equity firm PAI, has gone to General Mills of the US. The deal values it at €1.6bn.
This time at least Bright Food appeared to put up a good fight. It put more money on the table than rival bidders, bankers say, and brought the promise of something potentially bigger still – a market of 1.3bn stomachs with a growing appetite for yoghurt. Continue reading »
India: capital controls gain ground
The fear of liquidity – too much of it, that is – is intensifying. India is the latest to pave the way for a possible extension of capital controls. In comments published today on the Reserve Bank of India’s website, Duvvuri Subbarao, governor, ruled out – for now – a Tobin tax but was quick to add: “it needs reiterating that no policy instrument is clearly off the table and our choice of instruments will be determined by the context.” Continue reading »
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The Diaspora Digest
EM diasporas, seen through their community media (Oct-Nov 2011)
Sick brics (Sep 2011)
Brics and mortar (Aug 2011)
Beyondbrics on the beach (Jul-Aug 2011)
China bubble? (June 2011)
Post-election Nigeria (June 2011)
Hey bric spender (Aug 2010)
EM diasporas, seen through their community media (Oct-Nov 2011)
Sick brics (Sep 2011)
Brics and mortar (Aug 2011)
Beyondbrics on the beach (Jul-Aug 2011)
China bubble? (June 2011)
Post-election Nigeria (June 2011)
Hey bric spender (Aug 2010)