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…
Food service, Retail, E-commerce
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 first Costa Coffee outlet in Johannesburg
SOUTH AFRICA – Coca-Cola Beverages South Africa (CCBSA) has cut ribbon at its first 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…
Kenya’s shopping malls feel the heat as retailers exit market
KENYA – Shopping malls in Kenya are feeling the pinch from the folding of a…
Tata Group eyes majority stake in India’s largest online grocer BigBasket
INDIA – India multinational conglomerate Tata Group is in advanced talks with Alibaba- backed online…
McDonald’s launches plant-based burger to appeal to health-conscious consumers
US – McDonalds, one of the largest fast food chain franchise in the world, has…
India’s Food tech Unicorn Zomato to raise $146m in preparation for 2021 IPO
INDIA – Indian Food Tech Unicorn, Zomato is in the process of raising US$146 million…
Molson Coors launches e-commerce store in UK to expand market reach
UK – US multinational drink and brewing company Molson Coors Beverage Company has launched Revl,…
Nestlé to acquire majority stake in UK meal kit firm, Mindful Chef
UK – Swiss multinational food and drink processing conglomerate, Nestlé has agreed to acquire a…
Starbucks to expand footprints in South Africa with 8 new stores
SOUTH AFRICA – Multinational chain of coffeehouses, Starbucks plans to open eight new stores in…
Jumia expands scope with launch of third-party delivery services
AFRICA – Leading e-commerce platform in Africa, Jumia has opened its logistic arm to third…
Ocado to acquire two robotics companies to accelerate order delivery
UK – British online grocery retailer Ocado has announced plans to buy two robotics companies…