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Coronavirus in Africa – an update and what it means

At Trendtype we have decided to put our thoughts down on paper, as it were. Headline: there are lots of reasons to believe that African countries may emerge from COVID-19 in better (or less worse) shape than developed economies in …
Pick-n-Pay

Pick n Pay launches an automated online grocery delivery service

Pick n Pay has launched a new automated online grocery delivery service. The new system, called Grocery Genius, allows customers to set up an automatic weekly or monthly delivery of the products they buy most often, and is being positioned as …

Eat’N’Go has opened its 50th Domino’s Pizza outlet in Nigeria

Eat’N’Go has opened its 50th Domino’s Pizza outlet in Nigeria. It is Eat’N’Go’s 106th fast food outlet in Nigeria – the company is also the master franchise holder for Coldstone Creamery ice cream and Pinkberry frozen yoghurt chains in Nigeria. The …

Online supply chain platform Sokowatch raises $14m in Series A round

Kenya-based online supply chain platform Sokowatch has raised $14m in Series A funding. The B2B startup connects small retailers with multinational manufacturers including P&G and Unilever, enabling them to order products via SMS or mobile app, with delivery to their …
OK Zimbabwe

OK Zimbabwe and Meikles suffer from inflation and soft consumer demand

Two of Zimbabwe’s leading supermarket chains have reported sales declines as inflation, weak currency and stagnant salaries restrict disposable incomes and soften consumer demand. Sales at OK Zimbabwe and Meikles fell 15% and 24% respectively in the 9 months to …

EBRD offers $100m loan to Almarai dairy to expand in Egypt and Jordan

The European Bank for Reconstruction and Development (EBRD) has offered a $100m to Saudi dairy and soft drinks company Almarai Company to finance expansion in Egypt and Jordan. The funds will be used to increase production capacity for its Beyti …
Burger King South Africa

Grand Parade Investments sells its Burger King franchise in South Africa

Grand Parade Investments (GPI), Burger King’s master franchise holder in South Africa is selling a majority stake in the Burger King franchise its Grand Foods Meat Plant business to private equity firm ECP Africa Fund for R697m ($46.1m) – or just …
Carrefour MAF

Carrefour fined in Kenya for unfair trade practices

The Competition Authority of Kenya (CAK) has fined Carrefour’s franchisee Majid al Futtaim’s (MAF) for unfair trade practices. It has ordered the retailer to review its supplier agreements within 60 days, and to remove what it considers punitive clauses in supplier …
Bim supermarket

The Moroccan government threatens to close down Turkish retailer BIM

The Moroccan government has threatened to close down the Turkish supermarket chain BIM in the country unless it increases the proportion of local goods. BIM has 500 branches in Morocco, the largest of its two markets in Africa. There are …
Central Bank of Nigeria

The Central Bank of Nigeria backs down on imported milk ban

The Central Bank of Nigeria (CBN) has granted foreign exchange waiver to six dairy companies to import milk into the country. In effect, it reverses a de facto ban on the importation of milk. But only for the largest dairy …
Farmcrowdy

Nigerian digital agriculture platform Farmcrowdy acquires Best Foods

Nigerian startup Farmcrowdy acquires Best Foods, and plans to roll out retail meat hubs in Q2 2020. The deal value has not been disclosed. The business will serve over 50 meat markets south west Nigeria and manage over 100 consumer pick …