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Starbucks

Taste Holdings sells its Starbucks outlets in South Africa

Taste Holdings, the Starbucks franchisee in South Africa, has sold its 13 Starbucks stores in the country for R7m ($475,000). It is also seeking to sell its Domino’s Pizza franchise and its The Fish & Chips Co and Maxi’s QSR …
Shoprite Angola

Shoprite considers exiting underperforming African markets

Shoprite as just released results for the 3 months to September 2019. Supermarket revenues in South Africa rose by 10.3% over the period. Sales outside South Africa fell by 4.9%. CEO Pieter Engelbrecht has told investors Shoprite is actively considering exiting …
Dufry

Dufry and Lagardère modernising airport duty free retail across Africa

This week airport retail operator Dufry has unveiled its revamped duty free retail sites at Casablanca and Marrakesh airports. Competitor Lagardère has also revealed more about its plans to expand in Africa and has acquired a diplomatic duty free outlet in …
NG Ministry of Planning

Nigeria considers new taxes on carbonated soft drinks

Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that the government is considering placing new taxes, including excise duties and VAT, on carbonated soft drinks in order to boost its revenues. Note – this move by …
Jumia Food logo

Jumia Food launches its Prime subscription service in Kenya

Jumia Food Kenya has announced the launch of Jumia Prime, a subscription package that allows customers pay a standard one, three or six-month fee and receive unlimited free deliveries of orders of takeaway food or groceries placed on the Jumia …
Coca-Cola Beverage Africa Logo

Coca-Cola Beverages Africa Limited buys stakes in Kenyan bottlers

Coca-Cola Beverages Africa Limited (CCBA) has bought stakes in two Kenyan Coca-Cola franchise bottlers for Sh19.4bn (US$187m) from Centum Investment. It has acquired a 53.9% share in Almasi Beverages Limited and a 27.6% share in Nairobi Bottlers Limited (NBL). The moves mean …
KFC logo

KFC partners with food delivery app Munch Zimbabwe

KFC in Zimbabwe has partnered with local food delivery app Munch, offering fast food delivery in and around the capital, Harare. Orders placed through Munch will attract a ZWL$36 fee. Munch was founded in 2017 and currently operates in Harare …
CDCI logo

Retail Holding acquires CDCI, the #2 supermarket player in Côte d’Ivoire

Retail Holding, which is Carrefour’s partner in Morocco has now taken complete ownership of CDCI. CDCI is the #2 grocery retail chain in Côte d’Ivoire, with a national network of retail and wholesale outlets. Founder Yasser Ezzedine has sold his 40% stake …
Angola VAT

VAT has been introduced in Angola for the first time

Angola has introduced a 14% valued added tax (VAT) for the first time. It replaces a consumption tax, which had rates between 5%-30%. On the day of implementation, originally scheduled to be January 1st 2019 (then delayed to July 1st …
Pick n Pay Shoprite_flagship

Shopite and Pick n Pay take on Woolworths with new premium formats

Both Shoprite and Pick n Pay are taking aim at premium South African supermarket chain Woolworths, rolling out new format, upgraded stores with more fresh food and experiential offerings. Shoprite’s concept, called FreshX, has already been introduced into international markets …
Yebo Fresh logo

South African online grocery startup Yebo Fresh secures early stage funding

South African startup Yebo Fresh, which delivers grocery products into black townships, has closed a second round of funding. The company, which was founded in September 2018, will use the funding to improve its technology platform and accelerate growth. Funding …
MaxAB_logo

Egyptian online grocery marketplace MaxAB raises $6.2m in seed funding

Cairo based startup MaxAB has raised $6.2m in seed funding. The company provides a B2B online platform to helps small grocery store owners manage procurement and delivery of goods. The company was founded in 2018 and already has 270 employees, and 9,000 retailers …

Prosuma’s online store Yaatoo closes down in Côte d’Ivoire

Prosuma’s online store Yaatoo, which launched in 2016, has closed down. The site, which stocked 12,000 SKUs drawn from Prosuma’s warehouses, was being talked about as late as June this year as being a viable competitor to online giant Jumia. …

CFAO outlines plans for 5 new Carrefour stores in Côte d’Ivoire

CFAO has announced plans to open five new Carrefour stores in Côte d’Ivoire. Four will be in Yopougon, one of the largest areas of Abidjan. The fifth will be within a new CFAO-owned PlaYce shopping mall to be built in Grand …