Ayazona raises funding for growth as it bids to make food delivery more affordable

KENYA – Kenyan food delivery startup Ayazona is working to make food delivery more affordable and is in the process of raising funds to expand its operations. Self-funded, Ayazone is raising a seed funding round […]

Botswana food delivery startup MyFoodness rebrands as Yamee, expands to Tanzania

BOTSWANA – Botswana food delivery startup MyFoodness has rebranded as Yamee and announced its entry into the Tanzanian market with a launch in Dar es Salaam. A mobile commerce platform that focuses on increasing earning […]

Restaurants and food deliver services in South Africa to cease operations during the national lockdown

SOUTH AFRICA – South Africans who had hoped to be able to order meals from their favourite restaurants and fast food eateries, will not be able to for the next 21 days. This follows the […]

Nestlé highlights innovation, digitalization and sustainability in 2019 Annual Report

SWITZERLAND – The Swiss food and beverage giant, Nestlé has published its Annual Report for 2019 highlighting the company’s continued focus on innovation,digitalization and sustainability as key ingredients to continued business success. While the company […]

Greencore appoints Emma Hynes as the Group’s new Chief Financial Officer

UK – Greencore Group, a leading manufacturer of convenience food in the UK, has appointed Emma Hynes as Executive Director and Chief Financial Officer (CFO) of the company, effective 19 May 2020. Emma will replace […]

Kenyan retailers offer home deliveries in bid to control spread of the corona virus

KENYA – In the wake of the outbreak of COVID-19 virus, Kenyan retailers have adopted safer and efficient ways of serving their customers by availing home delivery services. Spanish delivery company Glovo has announced partnership […]

Kenyan standard body sets new rules for fresh produce test by retailers

KENYA – Retailers in Kenya will be required to comply with new regulations of ensuring that fresh produces are tested for higher pesticide residues and other contaminants as of May 1 in a bid to […]

Choppies sells assets in Kenya’s shut operations to finance debt

KENYA – Botswana based retailer, Choppies supermarket has put up for sale its retail equipment and property in Kenya weeks after scaling down local stores from more than 15 to two. The retailer, which did […]

Walmart’s Massmart to close non-performing stores in South Africa

SOUTH AFRICA– South African retailer Massmart has decided to close all of its non-performing stores, as cash-strapped consumers battle with high unemployment, modest wage increases and higher average fuel and utility prices. Massmart, majority-owned by […]

Costco Wholesale Corp acquires Innovel Solutions from Transformco for US$1bn

USA – American multinational retailer, Costco Wholesale Corporation has acquired Innovel Solutions, a middle mile and final mile delivery and installation business owned by Transformco Holdco, for US$1 billion. Innovel was a subsidiary of Transform […]