South African food retailers brought home the bacon with onset of COVID-19
SOUTH AFRICA – Food retailers in South Africa are seen to be the biggest winners…
Food service, Retail, E-commerce
Chinese e-commerce giant JD.com invests US$700m in online grocery platform Xingsheng
CHINA – Chinese ecommerce giant JD.com is investing US$700 million in acquisition of additional stake…
GrubMarket acquires Leo’s Apples as it seeks to strengthen position in US food delivery market
US – Farm-to-table food delivery service GrubMarket has acquired New York-based fresh fruits provider, Leo’s…
Burger King plans massive expansion in India, to open 700 restaurants before 2026
INDIA – Burger King India Ltd has announced plans to open around 700 restaurants, including…
Yonghui Fresh Food raises US$153m in round backed by Chinese tech giant Tencent
CHINA – Yonghui Fresh Food, a produce-based B2B subsidiary of leading Chinese supermarket group Yonghui…
Mr Yum digitizes meal menus in South Africa as McCain launches fully customized cookbooks
SOUTH AFRICA – Mr Yum, an Australian based start-up with operations in South Africa has…
Blue Investment Holding acquires 35% stake in Moroccan grocery retailer BIM
MOROCCO – Blue Investment Holding owned by Helios Investment Partners, a private equity fund manager…
Food delivery startup Koliko seeks to expand across Ghana, other countries
GHANA – Koliko, a food delivery startup in Ghana, is planning on expanding across the…
Arytza sells US frozen pizza business to Brynwood Partners
US – Zurich based food business group Arytza has sold its North America’s take-and-bake pizza…
KFC Canada to eliminate 40 million pieces of plastic cutlery annually with new compostable cutlery
CANADA – American fast-food restaurant chain, KFC had announced that select restaurants in Canada will…
Nestle supports informal retailers in Africa with working capital to keep them afloat
AFRICA – Nestle has partnered with South Africa based fintech platform Nomanini and Standard Bank,…
Carrefour Kenya ventures into Coastal Kenya opening a new store
KENYA – French retailer Carrefour, has made a debut in Kenya’s second largest city, Mombasa…
Chinese diaspora focused food and grocery delivery app HungryPanda raises US$70m in series C funding
UK – HungryPanda, a UK-based online delivery platform specifically targeting Chinese consumers outside of China…
B2B online supplier Sokowatch deploys use of electric three wheelers in delivery
EAST AFRICA – East African retail tech start-up, Sokowatch has commenced the use of electric…
Twiga Foods expands footprint in Kenya, sets base in Eldoret
KENYA – Twiga Foods, a business to business food distribution company in Kenya, has launched…
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…