filters-icon filters-icon

FILTERS

Switch Country

Jumia logo

Jumia Kenya tries its hand as an advertising platform

Sam Chapatte, CEO of Jumia Kenya, has outlined plans for Jumia Advertising in Kenya, seeking to leverage the company’s reach among higher value, internet enabled Kenyan consumers. The company claims to have access to around 2-3m unique visitors each month. According …
Bolorims

Nigeria’s online supermarket Bolorims acquires a 10% stake in AfricaSokoni

Nigerian online supermarket Bolorims has acquired a 10% stake in Kenyan online retailer AfricaSokoni. The two companies will also to launch a new joint venture, Bolosokoni.com, in West Africa. Don’t hold your breath. AfricaSokoni was launched in January 2018 and claims to …

Nakumatt goes into liquidation owing $380m. What are the lessons to learn?

Nakumatt’s creditors have unanimously voted to put the supermarket retailer into liquidation. Overall, Nakumatt’s creditors are owed Sh38bn ($380m). What broader lessons can we learn about expansion, governance and financial sustainability? Peter Kahi, the court-appointed administrator said at the creditor’s …
Oriflame

Swedish cosmetics company Oriflame set to exit Kenya

Swedish direct sales company Oriflame has said it plans to quit Kenya after trading conditions worsen. The cosmetics retailer blames the complexity of the importation process and lack of volume sales growth. Oriflame will exit quickly: it has asked its …
2020 forecasts

Trendtype’s 2019 year in review and 2020 forecasts

So here are our big themes in 2019 and a look ahead to 2020. It’s been another eventful year in African consumer and retail markets in 2019. Some big retail players coming unstuck In grocery retail, some big players have come …
Uganda milk

Kenya to impose 16% VAT on imported milk from Uganda

In a further sign that East African countries are intent or putting up trade barriers to protect local sectors, Kenya has proposed a 16% VAT on imported milk from Uganda. The move comes because Kenyan dairy farmers believe they are …

New $45m Carlsberg brewery to be built in Kenya – its only one in Africa

Danish Brewing Company East Africa Limited (DBC) is set to build a new Sh4.6bn ($45m) Carlsberg brewery at the new Naivasha Industrial Park being built on the road between Nairobi and Nakuru. DBC acquired Carlsberg and Beam Suntory distributor King Beverage …
Safaricom

Safaricom partners with Kenya Breweries Limited to connect fridges to IOT

Safaricom has partnered with Diageo’s Kenya Breweries Limited (KBL) to connect its beer refrigerators to the internet. The fridges contain sensors that leverage the internet of things (IoT) and can transmit data on usage patterns and temperature levels. KBL is a …
Quickmart

Quickmart opens in Ongata Rongai, reveals plans for six new stores

Quickmart will launch five to six new stores by the end of 2020 as part of its expansion plan, following its  acquisition by Sokoni Retail Kenya, owner of the Tumaini supermarket chain. It has also opened a new outlet in Ongata …

Kenyan supermarket chain Naivas says 39% of all transactions are cashless

Supermarket chain Naivas has revealed that 39% of its customer transactions are now cashless. The leading Kenyan grocery retailer, currently having a growth spurt, now operates 1,320 Visa credit card (PDQ) machines across its 58 outlets and has been named …
Copia logo

Kenyan ecommerce platform Copia raises $26m in series B funding round

Copia, a Kenyan ecommerce and logistics startup operating in central Kenya, has raised $26m in a series B funding round, led by LGT Lightstone, with participation from Perivoli Innovations, Endeavor Catalyst, ELEA and Goodwell Investments. The new investment could lead to …
Nakumatt

Nakumatt may finally close all its remaining stores by January 2020

Nakumatt has closed its Kisumu store, bringing the number of stores it has remaining to just 5. Kenyan media has also reported a store manager saying that the company has plans to close all its stores by January 2020. Botswanan …