SA online retailer Takealot to open massive new distribution centre in Cape Town in 2022

SOUTH AFRICA – South Africa’s E-Commerce retailer Takealot Group has embarked on the construction of a new distribution centre (DC) in Cape Town, expected to launch in August 2022. The 24,000 sqm facility consists of 22,000 sqm of warehouse space and 2,000 sqm offices, designed to provide Takealot with expansion options to add an additional 50,000 sqm of warehousing to the initial phase. The new DC is sustainably designed and will feature a dedicated solar PV installation, energy-efficient lighting systems, a rainwater harvesting system and water-saving xeriscape landscaping. The cross-dock…

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Food delivery service Glovo to inject US$4m in Ghana to beef up operations

GHANA – Glovo, a Spanish delivery startup is embarking on a key expansion drive in Ghana to ensure that its services are available to other parts of the country apart from Accra and Tema. The initiative is expected to see an injection of €3.5 million (US$4m) into the country by the company this year, according to reports by Business Insider. The announcement comes months after Glovo revealed it would invest an additional €50 million (US$60 million) over the next 12 months to drive expansion into more cities on the continent…

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OPEC Fund extends US$25 million credit facility to boost regional agricultural integration in Benin, Togo

WEST AFRICA – The OPEC Fund for International Development has signed loan agreements with the governments of Benin (US$15 million) and Togo (US$10 million) to support the Regional Program for the Integration of Agricultural Markets (PRIMA). The Program’s objective is to strengthen the agriculture and trade sectors to sustainably increase the income and food security of rural households. OPEC Fund’s loan will contribute to finance components of the coordinated regional program PRIMA in Benin and Togo, and is co-financed by the International Fund for Agricultural Development (IFAD) and the governments…

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