South African grocery delivery startup Yebo Fresh has raised an undisclosed amount from a Series A funding found to enable it to expand nationally in the country. The company, which serves lower income communities and retailers in Cape Town, has grown …

The boycott of French goods by consumers in Muslim countries has reached Egypt, a key market for French supermarket chain Carrefour, as well as several major French FMCG brands including Danone and L’Oréal. We think there is a risk the …

Coca-Cola Beverages South Africa (CCBSA) opened South Africa’s first Costa Coffee outlet. The new outlet is in the Frontline Hyper supermarket in Hillfox, Johannesburg. The move follows a successful trial opening of a Costa outlet on the ground floor of …

Starbucks’ new franchisee in South Africa, Rand Capital Coffee, has unveiled plans to open an additional 8 new stores. The new stores will be in Cape Town, Stellenbosch, Johannesburg and Pretoria and are set to open in late 2020. Rand Capital …

Jumia is opening up its logistics network to third party businesses in 11 countries. The move means the internet retailer will offer its platform and network, enabling companies to use its final mile delivery capabilities. Prior to the announcement, Jumia …

South African fashion retailer Mr Price has launched a new format container store in a bid to bring retail closer to lower end consumers. Its new smaller format store has opened in Illovo, in KwaZulu-Natal. But can it revolutionise retailing …

Pick n Pay has reconfirmed that its long awaited entry into Nigeria will take place with local conglomerate AG Leventis. The company has also revealed plans to double store numbers of its discounter format Boxer to 600 within the next …

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 …

South African pharmacy and health store chain Dis-Chem has revealed that online sales for the 24 weeks ended 15th August rose by 344%. Over the same period Dis-Chem’s revenues grew by 8.8% to R11.7bn ($699m). The company believes COVID-19 has sped …

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 …

Brewer AB InBev has written down $2.5bn in South Africa to account for losses from the COVID-19 lockdown alcohol ban in South Africa. In Q2, which covers the first lockdown period, volume sales in sou9th Africa fell by 60%. Although …

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% …

Taste Holdings, the South African franchisee for Domino’s Pizza, is auctioning off its Domino’s Pizza stores having failed to find a buyer. It means the contents of 50 stores will be sold, along with three food preparation facilities – another …