Retail
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African-focused investors Tana Africa, Sango Capital back Nigerian grocery retailer Sundry Markets
NIGERIA – Sundry Markets, one of Nigeria’s fastest growing modern grocery retailers has received a minority investment from Africa-focused investment companies Tana Africa Capital and…
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Shoprite clinches US$205m loan from Standard Bank, RMB to drive sustainability agenda
SOUTH AFRICA – Africa’s largest retailer Shoprite, has secured R3.5 billion (US$205m) in loans to be channelled towards expanding its key environmental programmes as part…
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Retail-tech startup Omnibiz secures US$15m pre-Series A round to accelerate growth
NIGERIA – Omnibiz, a retail-tech startup, has secured a US$15 million pre-Series A round of funding led by Timon Capital to accelerate retailer growth and…
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Giant retailer OK Zimbabwe seeks to unbundle business into group of companies
ZIMBABWE – Zimbabwe Stock Exchange (ZSE) listed retail outlet, OK Zimbabwe, has hinted at restructuring of the company that would entail unbundling into a group…
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Shoprite acquires new fuel-efficient trucks, Pick n Pay reveals name of new middle-market brand
SOUTH AFRICA – Giant retailer Shoprite, has beefed up its logistic operations with acquisition of more than 100 of fuel-efficient trucks dubbed Scania Euro V…