Releaf startup set to expand into more crops, additional West African markets

NIGERIA – Releaf, a raw material procurement & logistics startup, which develops proprietary hardware and software solutions to drive the industrialisation of food processing in Africa, is planning to expand into more crops and additional West African markets after closing its seed round earlier this year. Releaf was founded in 2017 and took part in the Y Combinator accelerator programme in Silicon Valley the same year, but only started operations in the oil palm space in 2019 and deployed its proprietary technology in January of this year. “Our hardware increases…

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E-commerce website Amazon set to launch in Egypt in 2021

EGYPT – American multinational technology company and e-commerce giant, Amazon, has revealed its intention to launch its Egypt website this year, to give entrepreneurs, business owners, and local sellers the opportunity to reach a larger number of customers nationwide. The company said the registration for local sellers would take place through the Amazon Seller Partner Center, a tool dedicated to managing their businesses. Amazon clarified that sales partners previously registered on Amazon’s Souq.com affiliate can access their accounts through the Amazon Seller Center. They will also be able to verify…

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South Africa’s alcohol bans impacted not only booze sales but also consumer behavior

SOUTH AFRICA – Further assessing the impact of South Africa’s latest liquor ban, a new NielsenIQ report has equated the loss to R7.6 billion (US$520m) during the four weeks it lasted from 28th June to 26th July 2021. Looking back at the financial fallout of the liquor ban, the report found that after the first prohibition (June 2020) the sector was able to recover two weeks of lost sales but these gains were short-lived and rapidly declined in the weeks that followed. Consumers also carefully considered which categories to purchase…

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South Africa’s beer major SAB reports double digit growths in both sales, profit despite alcohol bans

SOUTH AFRICA – Despite the multiple COVID-19 related alcohol ban, South African Breweries (SAB) realised strong consumer demand for its brands when alcohol trade was allowed. According to its parent company, Anheuser-Busch InBev (AB InBev) revealed that the beer maker registered double-digit growth in both profit and sales in the six months to end-June, a period which covered parts of two alcohol sales bans. The third alcohol sales ban since the Covid-19 pandemic started, began in December and ended at the beginning of February, while the fourth ban started towards…

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