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70 bakeries close down in Mozambique as production costs rise

Bakeries in Mozambique have had to put up the price of bread because of rising production costs, according to the Mozambican Association of Breadmakers (AMOPÃO), which claims prices haven’t been put up since 2017. Already 70 bakeries have been forced …

Guinness Nigeria warns sales have been hit hard by COVID-19

Guinness Nigeria issued a notification of material circumstances, warning of the adverse effect of the COVID-19 lockdown on economic activity. It has particularly noted the impact on the on-trade sector. You can view Guinness Nigeria’s notification of material circumstances here. Guinness Nigeria has …
Mr Price clothing logo

Mr Price exiting Nigeria, Shoprite may follow

South African retailer Mr Price will exit Nigeria. The affordable clothing, sports goods and homewares retailer has said it will exit in H1 of its 2021 financial year. It has already closed four of its five stores in the country. Trendtype …
Nigerian dairy industry

FrieslandCampina WAMCO’s turnover in Nigeria up 8.5% year on year

In Nigeria FrieslandCampina WAMCO, has revealed its turnover for the financial year ended 31st Dec 2019 reached N161.8bn ($417.8m), an increase of 8.5% on 2018. Profit before tax was N18.7bn ($48.4m), up 15% on 2018. The company has warned that despite …

Quickmart opens its 32nd store, more news about other retailer debts

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 …
Spaza shop

South Africa is using the COVID-19 pandemic to formalise spaza shops

The South African government’s Small Business Development Minister, Khumbudzo Ntshavheni, says her department has formalised over 2,000 spaza shops during the COVID-19 pandemic. Spaza shops are typically small, traditional grocery stores in black townships. Many operate from the shopkeeper’s home. The …
Pick-n-Pay

Pick n Pay Namibia will lay off a quarter of its workforce

Pick n Pay Namibia, which is owned by Ohlthaver & List (O&L) Group, is set to lay off a quarter of its workforce. The retailer is in discussions with unions about cutting 500 jobs from its workforce of 1,931 people, citing the …

Google-supported startups trying to reinvent logistics in Africa

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 …

Amazon hires 3,000 new people in South Africa, workforce will total 7,000

Amazon is recruiting 3,000 additional roles in its customer service teams in Johannesburg and Cape Town, bringing its total permanent workforce in South Africa to 7,000 employees. The new roles will provide round-the-clock support for Amazon customers in North America and Europe. …
Massmart logo

Massmart gets a $230m bailout from parent company Walmart

South African discounter Massmart has received a R4bn ($230m) loan from its parent company Walmart to help its cash flow during the COVID-19 pandemic. The company estimates it has lost R2.3bn ($132.2m) in alcohol sales alone during just two months, …

Ethiopian coffee chain Tomoca opens its first outlet in Kenya

Tomoca, the best known of Ethiopia’s coffee shop chains, has opened its first outlet in Kenya. The new outlet is a departure – whereas the Ethiopian outlets are traditional affairs mostly targeted at locals, the new outlet in Nairobi’s upmarket …

Pharma ordering platform Chefaa raises over $1m pre-Series A funding

Founded in May 2017, Chefaa is an Egyptian startup that allows users to order medical products and schedule deliveries. It has raised over $1m in a pre-Series A funding round. The company currently serves nine Egyptian cities, including Delta and Upper …

Vanguard Pharmacy expands, part of a dynamic Nigerian pharmacy sector

Vanguard Pharmacy, a growing regional chain of retail pharmacies in Nigeria, has opened its fifth outlet. The new 750m² outlet is in Ibadan, the Oyo state capital. It soft launched in April 2020, during the lockdown for the COVID-19 pandemic. …
Jumia logo

Jumia Kenya opens up its logistics network to external clients

Jumia Kenya has opened up its logistics network to third parties, seeking to appeal to companies looking for more reach during the COVID-19 pandemic. In Egypt, Jumia has announced an agreement with the country’s five largest banks to offer interest-free installment services …