Retail
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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…
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Spar’s group sales up 5.8% despite underwhelming performance in South Africa grocery business
SOUTH AFRICA – South African grocer Spar Group saw robust trading for the 18 weeks to January 29, 2022, boosted by the lifting of liquor…
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Tuskys to lose largest asset yet through public auction over US$5.7m debt
KENYA – Ailing retailer Tuskys is facing a new auction at one of its remnant branches inside Nairobi’s Central Business District (CBD), over a Ksh650…