Twiga Foods expands footprint in Kenya, sets base in Eldoret
KENYA – Twiga Foods, a business to business food distribution company in Kenya, has launched…
Food service, Retail, E-commerce
American foodtech startup Afresh raises US$13m in funding round led by Food Retail Ventures
US – American food-tech startup Afresh has raised US$13million in a series A extension extension…
South Africans turn to online grocery shopping with onset of COVID-19
SOUTH AFRICA – The Covid-19 pandemic and its related restrictions have prompted a surge in…
Zimbabwean retailer OK reports 33% decline in half year profit impacted by COVID-19
ZIMBABWE – Listed supermarket chain, OK Zimbabwe Limited’s profit slumped 33% to ZWL$999.5m (US$2.7m) in…
Famous Brands receives approval for secondary listing on A2X Markets
SOUTH AFRICA – Famous Brands, a branded food services business in South Africa has announced…
Glovo expands operations to two more towns in Kenya
KENYA – On-demand delivery startup Glovo has announced that it is expanding its operations to…
Egyptian ecommerce platform ExpandCart raises US$2m in Series A funding round
EGYPT – Egyptian based Arabic eCommerce platform, ExpandCart, has raised US$2.5 million in a Series…
Spur Corporation realizes 19.4% decline in full year earnings impacted by drastic drop in sales
SOUTH AFRICA – Spur Corporation, steakhouse franchise restaurant headquartered in South Africa has reported a…
South African online retailer Yebo Fresh secures Series A funding to scale up operations
SOUTH AFRICA – South Africa based startup, Yebo Fresh, which delivers fresh, frozen and dry…
US online grocer Farmstead raises US$7.9 million to expand ecommerce platform
US – Farmstead, a fast-rising US online grocery store has raised US$7.9 million in a…
Malaysian startup Food Market Hub raises US$4m to increase market share, expand into new markets
MALAYSIA – Food Market Hub (FMH), a Malaysia-based food and beverages (F&B) procurement and inventory…
Naivas supermarket expands footprints in Kenya’s capital
KENYA – Kenyan retail chain Naivas Supermarket has announced the opening of two more stores…
Indonesian ride-hailing and food delivery company Gojeck raises US$150M from Telkomsel
INDONESIA – Gojeck, Indonesia’s home-grown ride-hailing and food delivery company, has raised US$150 million from…
Choppies resumes trading on its secondary listing JSE after 2 years ban
SOUTH AFRICA – Botswana based retailer, Choppies Enterprises Limited has resumed trading on the Johannesburg Stock…
Twiga Foods crafts employee share ownership plan to ensure future growth
KENYA – Kenyan-based technology food distribution platform, Twiga Foods has set up an employee share…
Walmart to sell majority stake in Japanese supermarket Seiyu to KKR and Rakuten
JAPAN – American multinational retail corporation has announced plans to sell a majority stake in…
Jumia’s Q3 report indicates its significant progress towards profitability
NIGERIA – Jumia, leading e-commerce platform has reported a year-over-year rise in gross profit in…
Java House Africa axes staff in bid to weather COVID-19 storm
KENYA – East African leading coffee and food chain, Java House Africa has announced staff…
Carrefour set to open fourth outlet in Cameroon in expansion spree
CAMEROON – French retail group Carrefour in partnership with CFAO retail is planning to open…
Coca-Cola Beverages South Africa opens new Costa Coffee outlet in Johannesburg
SOUTH AFRICA – Coca-Cola Beverages South Africa (CCBSA) has cut ribbon at its new Costa…
Nigeria’s indigenous food restaurant So Fresh marks 10th anniversary with opening of 10th outlet
NIGERIA – Nigeria’s pioneer and leading indigenous food chain restaurant, So Fresh Neighbourhood Market, has…
Pizza Hut partners Beyond Meat to roll out sausage alternative across restaurant in US
US – American restaurant chain and international franchise, Pizza Hut has partnered with Beyond Meat…
Uber food delivery business rides on increased at-home consumption to outshine core rides services
US – Uber food delivery business dubbed Uber Eats has out shined the company’s core…
Alibaba, food delivery platforms on the spot as China drafts new anti-monopoly rules
CHINA – World’s second largest market China has drafted new rules aimed at preventing monopolistic…