UGANDA – Nakumatt Supermarket is in the final stages of acquiring two Ugandan stores of South African retail giant Shoprite.
SOUTH AFRICA – Starbucks, the world’s largest coffee chain, will soon open stores across South Africa after the New York Stock Exchange-listed company signed a licence agreement with Taste Holdings, the South African management group.
KENYA – Nakumatt Supermarkets has borrowed Sh500 million from local banks to finance the re-opening of its Westgate Shopping Mall outlet in Nairobi that was shut down nearly two years ago after a terrorist attack.
NIGERIA – One of Nigeria’s largest fast food shops, Chicken Republic, has demonstrated its commitment to provide customers with authentic and great tasting chicken meals.
ZIMBABWE – Zimbabwe’s retail sector has embarked on a growth trajectory that could see the industry become a major hub for growing businesses, despite the declining economic situation in the country.
KENYA – Uchumi Supermarkets has embarked on a cost-cutting exercise that will include closing down branches and laying off staff.
SOUTH AFRICA – Makro is partnering with Sasol and McDonald’s for the roll-out of the “pick-up lockers” concept at selected Sasol petrol stations and McDonald’s fast food outlets.
ZIMBABWE – Innscor Africa Limited (Innscor) has tasked its executive director for corporate finance, John Koumides, to lead an advisory committee implementing the separate listing of the group’s fast-food business on the Zimbabwe Stock Exchange (ZSE).
SOUTH AFRICA – South Africa’s biggest fast-food restaurant chain Famous Brands will take a 51 percent stake in its Botswana franchise partner, it said on Tuesday, ahead of a potential broader foray in the rest of Africa.
UGANDA – Kampala Capital City Authority (KCCA) has cleared Tuskys Supermarket, at Bwaise, a Kampala city suburb for reopening after almost a year of closure.