Food service, Retail, E-commerce
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Shoprite holdings appoints two new non-executive directors to its board
SOUTH AFRICA – Shoprite Holdings Ltd, Africa’s largest consumer goods retailer has added new blood to its board with the appointment of two respectable and…
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Jumia yet to turn to profitability, reports 6.4% decline in Q1 revenue
AFRICA – The New York Stock Exchange listed Africa-focused eCommerce company, Jumia has posted first-quarter revenues of €27.4 million (US$33m), a 6.4% drop from the…
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Flipkart to expand warehouse capacity to strengthen grocery handling infrastructure
INDIA – Flipkart, one of the largest online grocery retailers in India, has said it plans to expand its fulfilment centre capacity for grocery by…
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Turkish retailer BIM sells 35% minority stake in Morocco’s unit to Blue Investment Holding
MOROCCO – BIM, a Turkish retail chain company, has announced the sale of 35% minority shares of the capital of its subsidiary in Morocco, Bim…
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QuickMart stiffens competition in Kenya’s retail market plans to open four new stores
KENYA – QuickMart, Kenyan retailer and majority owned by Mauritius-based private equity firm Adenia Partners, is set to open four more stores in the country…