Nestle supports informal retailers in Africa with working capital to keep them afloat
AFRICA – Nestle has partnered with South Africa based fintech platform Nomanini and Standard Bank,…
Retail
Carrefour Kenya ventures into Coastal Kenya opening a new store
KENYA – French retailer Carrefour, has made a debut in Kenya’s second largest city, Mombasa…
B2B online supplier Sokowatch deploys use of electric three wheelers in delivery
EAST AFRICA – East African retail tech start-up, Sokowatch has commenced the use of electric…
Zimbabwean retailer OK reports 33% decline in half year profit impacted by COVID-19
ZIMBABWE – Listed supermarket chain, OK Zimbabwe Limited’s profit slumped 33% to ZWL$999.5m (US$2.7m) in…
Egyptian ecommerce platform ExpandCart raises US$2m in Series A funding round
EGYPT – Egyptian based Arabic eCommerce platform, ExpandCart, has raised US$2.5 million in a Series…
Naivas supermarket expands footprints in Kenya’s capital
KENYA – Kenyan retail chain Naivas Supermarket has announced the opening of two more stores…
Choppies resumes trading on its secondary listing JSE after 2 years ban
SOUTH AFRICA – Botswana based retailer, Choppies Enterprises Limited has resumed trading on the Johannesburg Stock…
Walmart to sell majority stake in Japanese supermarket Seiyu to KKR and Rakuten
JAPAN – American multinational retail corporation has announced plans to sell a majority stake in…
Carrefour set to open fourth outlet in Cameroon in expansion spree
CAMEROON – French retail group Carrefour in partnership with CFAO retail is planning to open…
Nigeria’s indigenous food restaurant So Fresh marks 10th anniversary with opening of 10th outlet
NIGERIA – Nigeria’s pioneer and leading indigenous food chain restaurant, So Fresh Neighbourhood Market, has…
Kenya’s shopping malls feel the heat as retailers exit market
KENYA – Shopping malls in Kenya are feeling the pinch from the folding of a…
Starbucks to expand footprints in South Africa with 8 new stores
SOUTH AFRICA – Multinational chain of coffeehouses, Starbucks plans to open eight new stores in…
Ocado to acquire two robotics companies to accelerate order delivery
UK – British online grocery retailer Ocado has announced plans to buy two robotics companies…
California Pizza Kitchen fights to regain selling rights to frozen line from Nestlé
US – Struggling US restaurant chain California Pizza Kitchen is making efforts to regain rights…
Tesco partners Manna to launch drone deliveries in Ireland
IRELAND – Tesco, one of the world’s largest retail chain, has partnered with Irish start-up…
American restaurant chain Chick-fil-A to sell signature sauces in stores across the US
US — Chick-fil-A, Inc., one of America’s largest fast food restaurant chains, has announced that…