Delivery startup Quench gets funding from Imvelo Ventures, eyes further expansion

SOUTH AFRICA – Quench, South African same-day delivery startup has obtained an undisclosed amount of funding from Imvelo Ventures to help it build brand awareness and establish more partnerships across the country. According to reports by Disrupt, the app-based on-demand delivery platform is seeking to launch a fully-integrated back-end system with a new consumer-facing app for “Quench Marketplace” in April. The new B2C channel is created to empower suppliers, manufacturers, wine farms, produce farms and many more to sell, advertise and distribute off Quench’s infrastructure. “Our long-term focus remains to…

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Uganda welcomes second Carrefour store as the retailer continues with expansion plans in East Africa

UGANDA – Dubai-based conglomerate Majid Al Futtaim (MAF) and the regional franchise holder of Carrefour has opened its second store in Uganda. Launch of the new outlet located at Metroplex Shopping Mall in Kampala, follows one-year anniversary celebration of Carrefour’s inaugural hypermarket in the country, located in Oasis Mall that opened its doors in February 2020. With the new shop, Carrefour has taken up space previously occupied by collapsed Nakumatt Holdings and Shoprite, reports The East African. Spanning over 2,050 square meters, the branch seeks to offer unrivalled choice of…

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British confectionery brand Thorntons to close all UK stores citing ongoing Covid-19 impact on retail market

UK – British confectionery brand and retailer Thorntons has announced that it is permanently closing its UK stores, after more than 100 years of trading. Thorntons referred to the changing dynamics of the high street and the ongoing impact of Covid-19 as the main reason for the shutdown that will impact jobs of over 600 people. The chocolate brand was acquired by Ferrero back in 2015 for £112 million, following several attempts to revive the business. Despite investing over £45 million in the brand, including the opening of new format…

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Shoprite soars above COVID-19 hiccups reporting 4.7% rise in half year sales, banking on home market

SOUTH AFRICA – South African retailer Shoprite has eased Africa push to focus on domestic market gains with the supermarket chain owner revealing that it closed the last of its Kenyan stores in February 2021 and terms of sale of 100% stake in its Retail Supermarkets Nigeria Ltd subsidiary have been concluded. This was indicated in the group’s half year results for the period ended December 2020, highlighting that the transaction has been lodged with the Nigerian Federal Competition and Consumer Protection Commission (FCCPC) for approval. Management expects the transaction…

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KFC East Africa launches new outlet under new boss

KENYA – KFC has opened its 37th Outlet in the East African region and the first one at the coastal county of Kenya, Mombasa. The fast-food chain operator, famously known for its fried chicken made the announcement on a LinkedIn post. This comes months after it opened its 36th outlet in one of Nairobi’s business-oriented neighbourhoods, Eastleigh. KFC East Africa started operations in Kenya in 2011. In East Africa, it has shops in Kenya, Uganda and Rwanda. The restaurant operator recently appointed Jacques Theunissen as the new CEO taking over…

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Kwanza Tukule Foods: Tough times, new strategy to serve low income urban areas

The World has changed significantly since we last featured Kwanza Tukule Foods in our sister publication Africa Inc. in early 2020. The Covid-19 pandemic has impacted the business, just like many others across the World. We had a chat with company’s Founder Khadija Mohamed-Churchill on how the company has weathered the storm and pivoted into the future The Covid-19 pandemic outbreak has shown to the world of business the importance of last-mile connectivity and the opportunities that abound by adopting mobile and digital tools for the successful running of businesses.…

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Burger King taps industry veteran Tom Curtis for Chief Operating Officer role

US –  World’s second-largest fast-food hamburger chain Burger King has appointed industry veteran Tom Curtis as the new Chief Operating Officer (COO) of Burger King Americas. Curtis joins Burger King’s leadership team from Domino’s and will oversee field operations, restaurant development, and restaurant operations. According to a statement from the restaurant chain, Mr. Curtis has an impressive wealth of experience in the industry having worked at Domino’s for over 35 years. By the time of leaving Domino’s Curtis was the Executive Vice President, U.S. Operations and Support, overseeing both franchised…

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Beijing’s radical law to curb consumer-level food wastage

CHINA – It may soon be extremely expensive for consumers living in the Chinese city of Beijing to waste food.   According to a report by Xinhua news agency, the city is debating a new law that requires eateries to deploy people who will warn customers against extravagant dining and food wastage. According to the draft law, the person tasked with this unique responsibility will be required to remind diners to pack leftovers and caution against placing excessive orders. The draft law also requires catering service providers to sell dishes of…

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Walmart’s Massmart to review operations outside Southern African region, offloads non-core businesses

SOUTH AFRICA – Massmart, Walmart owned South African retailer with presence in 13 countries in Africa has indicated that it will be reviewing its operations outside the Southern African region in the second quarter of 2021, as part of its turnaround plan. This is in addition to its plan of offloading its food retail outlets Cambridge Food, Rhino and Masscash comprising The Fruitspot and a meat processing facility to focus on high returning businesses. To this end the retailer has appointed Barclays to facilitate the disposal of the non-core businesses,…

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India targets Amazon, Walmart with new Ecommerce laws as Tata seeks CCI approval to acquire BigBasket

INDIA – India is targeting Amazon and Walmart with new laws that seek to clip their influence on India’s US$1 trillion retail market in an effort to protect and promote the growth of local startups. According to a report by Bloomberg, the new policy seeks to prescribe a code of conduct for online retailers and define the cross-border flow of user data and may raise costs and stymie expansion plans of these multinational retail behemoths. The new laws are seen as a reaction to complaints from India’s small retailers- which…

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