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…

Read More

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,…

Read More

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…

Read More

India’s e-commerce market to grow to US$111Bn as consumers ditch physical stores for online shopping

INDIA –  Indian consumers just like their counterparts across the globe embraced online shopping during the pandemic when social distancing made it undesirable to shop in brick and motor stores. With the pandemic dragging on for more than a year now, consumers in the Asian country have made online a habit that is expected to stay on even after the pandemic. The shift to online shopping has made fintech form FIS to be confident that e-commerce is the next frontier for growth in India’s retail sector. In its recently released…

Read More

Shoprite collaborates with South African wine farmers to launch new private label wine brand, rescuing ailing industry

SOUTH AFRICA – Leading African retailer, Shoprite has once again come to the rescue of South Africa’s wine industry with the introduction of a new exclusive private label wine brand known as Elephant’s Cousin. The new wines with unique flavour profiles and easy drinkability i.e., a sauvignon blanc, merlot and shiraz, will be widely available in Shoprites and Checker’s LiquorShops. Much like the supermarket’s popular Odd Bins range, the exact origin of the wine is kept secret to ensure it remains both affordable and accessible. Shoprite has indicated that the…

Read More

UK food delivery giant Deliveroo to float on London Stock Exchange despite making losses

UK – British food delivery firm Deliveroo has announced plans to go public with a possible listing in the London Stock Exchange before the end of April this year. The hotly anticipated IPO is expected to value Deliveroo at more than US$7 billion, based on a private funding round it completed in January. If successful, Deliveroo’s IPO will be one of the largest London listings in several years. The company is planning to go live after recording a 64% surge in business during the COVID-19 pandemic. It has already published…

Read More

On-demand mobility platform Bolt expands food delivery services to Nigeria

NIGERIA – Bolt, an Estonian ride-hailing company is venturing into the food delivery business in Nigeria, bringing competition to the door step of companies like Jumia Foods and GoKada. This was made known as a job position advertisement on the company’s website stating, “We are launching our new food delivery service and we are looking for a Restaurant Sales Manager who can help in establishing partnerships with local businesses.” Since the onset of the COVID-19 pandemic, many businesses have ventured into or expanded their food delivery services in Nigeria. Gokada…

Read More

Checkers expands Sixty60 grocery delivery service to Northern Cape, launches paper packaging recycling initiative

SOUTH AFRICA – Checkers, a supermarket chain owned by Shoprite has launched its Sixty60 on demand one-hour grocery delivery service in the Northern Cape. Since first launching in late 2019 in a few neighbourhoods in the Western Cape and Gauteng, Checkers has rapidly expanded Sixty60 throughout the country. With more than 1 million app downloads, over 15 000 groceries to choose from on the Sixty60 app and delivery done under 60 minutes, the service remains South Africa’s reliable grocery delivery service. “Customer response has been exceptional due to the service’s…

Read More

American retail chain Target bolsters grocery division with new brand centered on snacks and sweet treats

 US – Target, a leading American retail chain, has launched a new grocery brand as parts of efforts to give its stores a brand refresh, make them more attractive to customers, and generate higher sale returns. Dubbed Favorite Day, the new grocery brand will be comprised of a private label food and beverage line centred on snacks and sweet treats. FoodDive reports that the brand will roll out with more than 700 products across multiple categories, including candy, trail mix, ice cream, bakery and beverage mixers. Some of the selections…

Read More

Egypt based restaurant platform Koinz raise US$4.8m led by Tinder app founder

EGYPT – Koinz, an Egyptian restaurant engagement platform, has raised US$4.8 million in a seed round led by Justin Mateen, the founder and former CMO of leading global dating app Tinder. The round also saw participation of Africa-focused VC 4DX Ventures and angel investors from Egypt, Turkey, and Saudi. According to our data, it is the second-largest seed round raised by a startup in Egypt. Founded in 2018 by Hussein Momtaz, Ahmed Said, and Abdullah Al Khalidi, Koinz is a customer acquisition and retention platform for restaurants. “Koinz is offering…

Read More