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Retail
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Massmart sells eight cash and carry stores, seeks to close more outlets to stay afloat
SOUTH AFRICA – The Competition Tribunal of South Africa has approved Walmart owned South African retailer, Massmart, to sell eight of its Masscash stores to…
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Carrefour Kenya expands base to 11 stores, opens new outlet at the Coast
KENYA – Carrefour Kenya, operated by Dubai-based conglomerate Majid Al Futtaim has opened its 11th store in Kenya and 2nd at the country’s costal region…
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Shoprite’s half year total sales rise despite alcohol sales plunging by 21.8%
SOUTH AFRICA – Africa’s largest retailer Shoprite, has indicated they are going a head with plans of exiting the Nigerian market with the sale of…
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Financial service group UBA in fresh bid to sell struggling Uchumi’s land on old debt
KENYA – Troubled Uchumi Supermarkets is in hot soup as UBA Bank, a Nigerian pan-African financial services group operating in Kenya, is seeking to sell…
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LuLu Group launches 3rd store in Egypt, 200th globally as part of its expansion plan
EGYPT – LuLu Group, the fastest growing retailer in the MENA region has opened its 3rd outlet in Egypt located at Park Mall in the…