E-commerce firm Jumia launches online mall linking distributors to customers

KENYA – Jumia, the leading e-commerce firm has launched an online mall dubbed Jumia Mall where consumers will directly purchase products from authorized distributors of international and local brands. The mall will enable brands who […]

Chinese eCommerce giant Alibaba set for a new era as Jack Ma departs

CHINA – The Chinese eCommerce giant, Alibaba Group is set to embrace a new chapter in the company’s management following the departure of its high profile founder, Jack Ma. Jack Ma, who is leaving the […]

Reliance Industries Ltd to invest US$1.4bn in India’s e-commerce sector

INDIA – Reliance Industries Limited (RIL), an energy and telecoms conglomerate, has unveiled plans of investing US1.4 billion into India’s e-commerce sector as part of its diversification strategy, reports ET Retail. The investment by RIL […]

India’s food delivery firm Swiggy acquihires AI start-up Kint.io

INDIA – Online food delivery platform, Swiggy has acquihired artificial intelligence (AI) start-up, Kint.io to boost its computer vision technology and consumer experience, reports ET. According to Dale Vaz, Head of Engineering and Data Sciences […]

Spanish delivery firm Glovo launches food delivery service in Kenya

KENYA – Glovo, a Spanish delivery start-up firm, has launched its operations in Kenya through its delivery application software that allows consumers order food and groceries among other goods, reports Business Daily. In addition to […]

Amazon, Samara Capital’s bid to acquire More gets CCI’s nod

INDIA –The Competition Commission of India (CCI) has approved the Samara Capital-Amazon joint bid to acquire Aditya Birla Group’s supermarket chain More. CCI informed the approval of the proposal to Witzig Advisory Services, the entity […]

Carrefour Kenya inks deal with online platform Jumia to boost grocery, beverages sale

KENYA – French multinational retailer, Carrefour has entered into a definitive agreement with Jumia, a Nigeria-based e-commerce platform to boost online grocery, beverages and other sales. A Business Daily report indicates that the deal will […]

Nigeria launches first livestock ecommerce platform to transform the sector

NIGERIA – Nigeria has launched the country’s first online livestock market that will connect both the buyers and sellers on a 24-hour basis, every day of the week, reports ThisDay. The system called Livestock247.com, will […]

PepsiCo India to focus on marketing and invest in e-commerce for profitability

INDIA – Indian maker of Pepsi Cola and Lay’s salty snacks, PepsiCo will focus on boosting its market while investing in e-commerce for profitable years ahead, an ET Retail report reveals. According to PepsiCo India […]