Retail
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Egyptian B2B Marketplace Talabeyah acquired by MNT-Halan 2 years after launch
EGYPT – Talabeyah, a B2B marketplace for food and consumables based in Cairo, has been acquired by Egypt-based fintech MNT-Halan for undisclosed sum. The startup…
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Amethis bows out of Naivas International, sells stake to Mauritius investor IBL Group
KENYA – Naivas International, owner of Kenya’s largest retail chain, Naivas Supermarket, has welcomed new shareholders following the exit of investment fund manager dedicated to…
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Shoprite to offer capital, marketing support to partnering SMMEs through newly formed division
SOUTH AFRICA – The Shoprite Group has heightened its support towards its suppliers with launch of Shoprite Next Capital, a new business division dedicated to…
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SA retailer Shoprite falls prey to ransomware attack compromising customer data
SOUTH AFRICA – Shoprite, Africa’s largest retailer, is the latest victim of ransomware attack, which have been on the rise in the recent past. RansomHouse,…
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Massmart opens second major product-based distribution centre in Johannesburg
SOUTH AFRICA – Walmart-owned South African retailer, Massmart, has opened a new distribution centre at Riversands, Johannesburg as part of its centralised network strategy. It…