Zimbabwe’s leading retailer OK reports 1,050% rise in profit after tax
ZIMBABWE – OK Zimbabwe Limited, leading retail group in Zimbabwe has reported a 464% growth…
Food service, Retail, E-commerce
Indian food and grocery delivery startup Milkbasket raises US$5.5m in new funding round
INDIA – Milkbasket, an Indian food and grocery delivery startup has raised US$5.5 million in…
Kenyan retailer Quickmart beats the odds of economic hardship opens 32nd store
KENYA – Quickmart Supermarkets, Kenyan retailer and majority owned by Mauritius-based private equity firm Adenia…
Amazon launches US$2bn climate venture investment program
USA – Global retail and e-commerce giant, Amazon has launched ‘The Climate Pledge Fund’ to…
Tesco agrees to sell its business in Poland to Salling Group for US$224m
UK – Tesco has announced the sale of its business in Poland, which includes of…
Ethiopian leading coffee chain Tomoca Coffee opens outlet in Kenya
KENYA – Tomoca Coffee, one of the leading coffee brands in Ethiopia with a chain…
South African retailer Massmart gets US$230m backing from parent company Walmart
SOUTH AFRICA – South African retailer Massmart has received a R4 billion (US$230m) inter-company loan from…
American grocery retail chain Albertsons eyes US$1.3bn IPO
USA – Albertsons Companies, one of the largest food and grocery retailers in the United…
Pepsico expands SodaStream in US with Professional hydration platform
USA – PepsiCo has expanded its SodaStream brand in the United States into away-from-home channels with…
Kenyan retailer Tuskys under investigations over US$12.1m unsettled debt
KENYA – Kenyan supermarket chain Tusker Mattresses Limited commonly refered to as Tuskys is under…