Shoprite has confirmed it will close its two remaining stores in Kenya, in an otherwise impressive set of annual results that have seen group sales increase by 6.4% to R156.9bn ($9.32bn) in the 52 weeks to 28th June 2020. There is …

Egyptian cheese producer Domty and FrieslandCampina have signed an MoU to explore joint business opportunities in Africa. The companies plan to collaborate to export cheese to other African countries. Domty was founded in 1988 in Egypt. It is a leader in the Egyptian …

Dutch impact investor DOB Equity has increased its investment in Tanzanian dairy company Tanga Fresh. The new investment will be used to expand production capacity for its long life milk and build out its network of small dairy farmers. Tanga …

Tuskys, the struggling Kenyan supermarket chain, has reportedly agreed a Sh2bn ($18.5m) short term debt facility from an unnamed Mauritius-based private equity company. Details of the loan agreement, including interest rate, repayment period and whether or not it is secured, have …

Pearl Dairy Farm Limited (PDFL), the largest dairy processor in Uganda, is expanding into Ethiopia, Malawi and South Sudan. The company, which markets its products under the Lato brand, is also looking at export markets as far afield as Algeria. Pearl …

Internet retailer Jumia’s Q2 results show losses are narrowing, consumer numbers have grown and the COVID-19 pandemic has been a mixed blessing – driving sales of FMCG products but hitting big ticket items, discretionary products and Jumia Food, its food …

Shoprite has closed two stores in Angola, although the company says this is because its smaller supermarket format is not working and it still intends to keep opening larger stores in the country. In Kenya, Shoprite has closed its only Mombasa …

The Kenyan government has banned the sale of alcohol in the HoReCa sector for 30 days as part of measures to help prevent the spread of COVID-19. The penalty for bars and restaurants found serving alcohol will be Sh20,000 ($185). Meanwhile, …

Trading of the shares of Botswana’s largest supermarket chain, Choppies, have resumed on the Botswana Stock Exchange after a 20 month suspension for failing to publish its financial results. Prior to the suspension, the share price had fallen by 60% …

Uber, the multinational ride-hailing company, has launched its Uber Connect service in Kenya. The service provides peer to peer same-day, no-contact delivery. It means that small businesses will be able to send packages to their customers and Kenyan consumers will be …

Massmart has revealed the details of its first Builders store in East Africa. Covering 10,000m², the Builders Superstore will involve an investment of Sh500m ($4.65m) and be located in Nairobi’s Karen Waterfront Mall. The planned store means that as well …

Cold Solutions, a logistics provider has announced a planned investment of Sh7.5bn ($69.9m) in state of the art temperature-controlled facilities in Kiambu, outside Nairobi and in Mombasa. The investments are part of a $200m planned cold chain network across East Africa. …

Uchumi Supermarkets has been granted approval for its Company Voluntary Arrangement (CVA). It now has six months to settle its Sh4.7bn ($44m) debts to 121 suppliers or face auction of its assets by creditors and eviction by its landlords. Can it beat …

Kenyan supermarket chain Quickmart, which merged with rival Tumaini in September 2019, has now opened its 32nd store in Kenya. The new store is being positioned as its flagship store in the Kilimani, Ngong Road, Lavington and Hurlingham areas of …

20 startups have been selected as part of the 5th edition of Google for Startups Accelerator Africa Program. Among them are three companies seeking to reinvent logistics in African markets: Thumeza, Amitruck and Send. Google’s prestigious Startups Accelerator Africa Program …