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 […]

Pick n Pay launches plastic and packaging-free horticulture retail section

SOUTH AFRICA – Pick n Pay, South Africa second largest retailer, has launched a ‘nude’ fruit and vegetable produce wall – a dedicated plastic and packaging-free zone – in 13 stores across the country. According […]

Belayab Group acquires Ethiopia’s retail chain Bambis Supermarkets

ETHIOPIA – BelayabGroup, the parent company of Belayab Foods and Franchise, has acquired one of Ethiopia’s leading retail stores Bambis supermarket, for an undisclosed amount. Belayab Group is a conglomerate with a diversified business portfolio […]

Carrefour franchisee to open first Ugandan store in expansion plan

UGANDA – Majid al Futtaim (MAF), United Arab Emirates-based operator of Carrefour, has unveiled that it will open its first store in Uganda this year. The French retailer is looking to expand into the region after […]

Zimbabwe’s retailer OK reports 196% growth in profits amid tough economy

ZIMBABWE – OK Zimbabwe, the country’s largest retailer, has reported 196% increase in net earnings to US$8.59 million in the year ended March 31, 2019 from US$2.90million posted last year. The retailer’s revenues grew by […]

South African retailer Spar Group to acquire controlling stake in Piotr Pawel

SOUTH AFRICA – Spar Group, a South African grocery chain said that it is in the final stages of talks to buy a controlling stake in Polish deli and supermarket chain Piotr i Pawel group […]

Massmart appoints Walmart veteran Mitchell Slape as new CEO

SOUTH AFRICA – Massmart, Walmart owned South African retailer, has announced the appointment of Mitchell Slape as the new Chief Executive Officer (CEO) and executive director of the company. Mitchell Slape, the chief executive officer […]

Massmart chief executive Guy Hayward to step down

SOUTH AFRICA – Massmart, Walmart-owned South African retailer, has announced that Guy Hayward will step down from as the company’s chief executive officer by the end of the year after five years in the position. […]

South Africa’s online retailer Takealot launches 25 outlets to improve efficiencies

SOUTH AFRICA – Takealot, South Africa’s largest online retailer, has launched 25 outlets in the country to boost the retailer’s operations and efficiencies. Markedly, Takelaot opened its flagship pickup point at the New Road off-ramp […]