E-commerce firm Jumia launches online mall linking distributors to customers

KENYA – Jumia, the leading e-commerce firm has launched an online mall dubbed Jumia Mall where consumers will directly purchase products from authorized distributors of international and local brands. The mall will enable brands who […]

Spur Corporation reports 5.9% growth in full year revenue as sales improve

SOUTH AFRICA– Spur Corporation, steakhouse franchise restaurant headquartered in South Africa posted a 5.9% growth in full year revenue to R945m (US$ 65.05m), buoyed by increase in sales across majority of its outlets. During the […]

Famous Brands reports growth in half year sales despite straining UK business

SOUTH AFRICA – Famous Brands, South African restaurant franchisor has reported a 6% rise in systemwide sales for half year ended August 2019 despite a slump in sales at Gourmet Burger Kitchen (GBK) as it […]

Kroger partners with PBFA in piloting plant-based meat retail concept

USA – The American retailing company, Kroger has teamed up with Plant Based Foods Association (PBFA) to test a plant-based meat concept within its conventional meat department in 60 stores. The retail concept will run […]

McDonald’s to acquire AI firm Apprente to expand its tech capabilities

USA – McDonald’s has secured an agreement to acquire California based tech firm Apprente, to enable the company expand its tech capabilities in the growing fast-food sector. Apprente develops voiced-based conversational technology powered by artificial […]

Uber Eats to pull out of South Korea amid tough competition

SOUTH KOREA – Uber Eats will be terminating its restaurant delivery business service in South Korea and exiting the market. The move comes as the food delivery platform continues to face intense competition in the […]

Chinese eCommerce giant Alibaba set for a new era as Jack Ma departs

CHINA – The Chinese eCommerce giant, Alibaba Group is set to embrace a new chapter in the company’s management following the departure of its high profile founder, Jack Ma. Jack Ma, who is leaving the […]

Botswana retailer Choppies Supermarket to exit Kenyan market

KENYA – Botswana based Choppies Supermarket has revealed plans to exit the Kenyan market four years after acquiring Ukwala stores for US$10m (Sh1bn) following challenges of growth and financial constraints. The Botswana retailer started as […]

Amazon India aims to eliminate single use plastic packaging by June 2020

INDIA – Amazon India, subsidiary of American online retailer and technology company has committed to eliminating single use plastic from its packaging by June 2020, as part of its long term sustainable packaging initiative. The […]

South Africa’s Libstar to invest US$6.65m in upgrading three facilities

SOUTH AFRICA – South African food producer Libstar Holdings has announced that it will be investing a total of US$6.65 million in upgrading three of its facilities over the next six months. The company plans […]