Food service, Retail, E-commerce
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Woolworths to foster next level online grocery deliveries, trials use of electric vehicles
SOUTH AFRICA – South African grocery retailer Woolworths has embarked on a trial phase for use of electric panel vans as part of its online…
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Naspers’ Prosus acquires additional 2.5% stake in online food-delivery Delivery Hero
SOUTH AFRICA – Prosus, a major subsidiary of South African Naspers, has entered into an agreement to acquire an additional 2.5% stake in Delivery Hero,…
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Egyptian grocery delivery platforms Breadfast, Appetito raise funds to fuel expansion
EGYPT – Breadfast, a grocery delivery startup, has raised a US$26 million Series A funding round to expand into new cities, scale its technology, and…
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Subway enters master franchise agreement with Everstone to expand presence in India
INDIA – American multi-national fast food restaurant franchise, Subway has entered into a master franchise agreement with South Asia-focused private equity company, Everstone Group, with…
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Rapid adoption of E-commerce in Egypt’s food, retail sector
Online shopping penetration in Egypt is on the rise attracting investments from e-commerce majors such as Amazon and Jumia. Backed by greater internet penetration, a heavy presence of e-commerce players, and supportive government policies, the sector can only move upwards, creating more opportunities for retailers and greater convenience for consumers.