Retail
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Massmart’s half-year losses narrow as turnaround strategy takes shape
SOUTH AFRICA – Struggling South African retail giant Massmart is starting to see returns from its turnaround strategy with losses narrowing by 8.1% in the…
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Massmart eyes online shopping, delivery service provider OneCart to bolster eCommerce capabilities
SOUTH AFRICA – In line with its strategy to invest in and accelerate its e-commerce presence, South African retailer Massmart has entered into negotiations to…
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Distributed Power Africa joins Shoprite’s green building initiative
SOUTH AFRICA – Econet subsidiary Distributed Power Africa (DPA) has joined Shoprite Group’s renewable energy program, installing solar panels at stores in three provinces. Africa’s…
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Carrefour Kenya takes over Choppies’ space at Southfield Mall opening its 16th outlet
KENYA – Carrefour Kenya, owned by Dubai-based conglomerate Majid Al Futtaim (MAF), has opened a new store at the Southfield Mall in Embakasi, Nairobi as…
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Kenyan retail startup MarketForce raises further funding for expansion
KENYA – Kenyan retail-tech startup MarketForce has received an additional US$100,000 in funding from the Harambeans Prosperity Fund to the US$2 million pre-Series A round…