Retail
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Shoprite attains 10% growth in half year sales supported by home market
SOUTH AFRICA – South African retailer Shoprite has generated an additional R8.3 billion (US$540m) in sales versus the corresponding period to increase sales by 10.0%…
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Quickmart takes battle to Naivas with Machakos branch as competitor opens 81st outlet in Nairobi
KENYA – QuickMart, Kenyan retailer majority owned by Mauritius-based private equity firm Adenia Partners, has opened its 50th outlet across the country in Machakos town,…
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Botswana retailer Choppies reports top-line growth spearheaded by 89% revenue jump in other markets
BOTSWANA – Botswana based retailer, Choppies Enterprises Limited, has registered a 18.9% rise in interim revenue, in the six months ended December 2021 to BWP…
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B2B retailer MarketForce raises US$40m series A, appoints Cellulant co-founder as board Chairman
KENYA – MarketForce, a Kenya-headquartered B2B retail distribution platform and financial services provider, has closed a US$40 million Series A funding round, coming seven months…
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Middle East largest retailer Lulu Group to set up US$53m food park in India
INDIA – UAE-based multinational conglomerate company that operates a chain of hypermarkets and retail companies Lulu Group has announced plans to set up a US$53m…