Retail
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Carrefour Kenya opens first branch in Nairobi city centre, further driving convenience
KENYA – Carrefour Kenya, owned and operated by Dubai-based conglomerate Majid Al Futtaim, has opened its first branch in Nairobi’s central business district (CBD), heightening…
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Shoprite invests in local data startup Omnisient, Pick n Pay allows crypto payments at its stores
SOUTH AFRICA – The Shoprite Group has joined a group of companies, led by Buffet Investments and KLT, to invest in South African data-collaboration platform…
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Walmart India registers revenue growth of 7% in FY22, loss widens to ₹299 crore
INDIA – Walmart India Pvt, a wholly-owned subsidiary of Walmart Inc., has witnessed its loss widening to ₹299.01 crores (US$36.24million) in FY22 from ₹ 200.80…
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Orkla spins-off business, restructures executives to become an industrial investment company
NORWAY – Norwegian conglomerate, Orkla, has announced hiving off its business into 12 individual units, to become a leading industrial investment company with brands and…
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Walmart intends to raise US$3bn for Flipkart to compete with aggressive rivals
INDIA – Walmart is considering raising US$2-3 billion at a valuation of more than US$40 billion for Flipkart, an Indian e-commerce company it owns, to expand…