MarketForce acquires Digiduka startup to consolidate distribution of consumer goods with digital financial services in Africa
MarketForce, the end-to-end retail distribution platform for consumer brands in Africa, announced the strategic acquisition of Digiduka, a startup on a mission to bring informal retailers in Africa into the digital economy.
IAA, Inc., the global digital marketplace connecting vehicle buyers and sellers, announced a strategic market alliance in Nigeria with Boacon Autos.
The Capital Markets Authority (CMA), has admitted KOA Save Africa and Moneto Ventures to the Regulatory Sandbox.
Black South African retail investors will now get the opportunity to invest in the world’s largest beer producer, AB InBev, following the listing of SAB Zenzele Kabili on the Johannesburg Stock Exchange’s (JSE) Empowerment Segment.
The e-Commerce markets in Southeast Asia and Africa could grow by over $280 billion and $14.5 billion respectively between 2025 and 2030, according to two IFC reports.
[South Africa] SARB commences feasibility study for general-purpose retail central bank digital currency
The South African Reserve Bank (SARB) has embarked on a study to investigate the feasibility, desirability and appropriateness of a central bank digital currency (CBDC) as electronic legal tender, for general-purpose retail use, complementary to cash.
Brand Africa has unveiled the 11th annual Brand Africa 100: Africa’s Best Brands 2021 rankings of the Top 100 most admired brands in Africa in a virtual event hosted by Brand Africa, Publics Africa and Uganda Investment Authority.
The considerable diversion of consumers from shopping malls to online trading platforms, further driven by the Covid-19 pandemic, presents huge challenges to authorities in stopping unlawful goods from being distributed.
The online retail in South Africa more than doubled in just two years, due to the explosion in demand for home deliveries brought about by the Covid-19 pandemic, according to new research findings.
Health and beauty company Clicks plans to acquire the retail pharmacy business of Pick n Pay, including 25 in-store pharmacies which will be rebranded to Clicks.
Lino G. Tokpo is the founder and CEO of GENIEUP Group, a young Beninese company which mainly intervenes in supporting local businesses through product distribution.
Lino G.Tokpo est le fondateur et PDG de GENIEUP Group, une jeune entreprise Béninoise qui intervient essentiellement dans l’accompagnement des entreprises locales à travers d’une distribution des produits.
Hikma Pharmaceutical and Melinta Therapeutics entered into an exclusive licensing agreement for Vabomere® (meropenem and vaborbactam) and Orbactiv® (oritavancin), two novel anti-infective injectable products, for the MENA region.
TGI Distri, a manufacturer of quality home care products in Nigeria, has launched into the market Kleansol Toilet Cleaner which contains power active ingredients with 99.9% efficacy in killing all forms of bacteria in and around the toilet area.
KAS Africa, a contract manufacturer of personal, home, baby and oral care FMCG products, has received an investment with an aggregate value of $10 million from TRT Investments Limited.
The partnership will allow LuLushoppers to benefit from valU’s affordable and convenient financing plans, powered by PayTabs Egypt’s payment gateway.
The Mastercard Foundation and logistics market leader DHL, have partnered to roll out the most comprehensive, pan-African e-Commerce platform, Ananse Africa, to support creative entrepreneurs like fashion designers and artists.
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are stepping up their support for businesses in Morocco, with a €6 million loan to Lamatem, a Moroccan producer of high-end medical garments.
To offer localized and nearshore support for its SAP customers in North America and EMEA, Cognitus Consulting, an SAP Gold Partner, headquartered in the USA, has expanded to two new facilities in Aguadilla, Puerto Rico and Tangier, Morocco.
African Export-Import Bank (Afreximbank), the Pan-African multilateral EXIM Bank, announced the signing of a 7-year $350 million Term Loan Facility to provide financing to OCP Group, phosphate mining and fertilizer company.
Yiling Pharmaceutical announced it has received the herbal product license for Lianhua Qingwen Capsules from the Pharmacy and Poisons Board of the Ministry of Health of Kenya.
The European Bank for Reconstruction and Development (EBRD) is supporting the Egyptian economy with a $100 million financing package to Banque du Caire for trade financing and on-lending to local micro, small and medium-sized companies (MSMEs).
In a bid to boost e-commerce among the micro and small enterprises in Africa, Mastercard Foundation in partnership with Catalyst Fund, MEST and BFA Global have created Catalyst Fund Inclusive Digital Commerce program.
Epos Now, a global software and payments technology company, has launched its cloud point of sale (POS) solution in Nigeria, making its first entry into the African market.
Motus Holdings, South Africa’s automotive group, acquired a 49% stake in GetWorth, a pioneering innovator in South Africa’s pre-owned vehicle industry.
Wego, the online travel marketplace across the MENA region, announced the launch of ShopCash, an online shopping cashback and deal discovery app for Middle East consumers.
Alfa Laval, a world player in heat transfer, centrifugal separation and fluid handling, has won an order to supply Alfa Laval OLMI air coolers to a refinery in Egypt.
IBM, EGYPTAIR Tourism and Duty Free Co. announced a new agreement in which the airline will leverage IBM Cloud to scale and modernize EGYPTAIR Duty Free back-end operations and host its SAP Travel Retail System.
Volvo Cars is committed to becoming a leader in the fast-growing premium electric car market and plans to become a fully electric car company by 2030.
Petredec, Liquefied Petroleum Gas (LPG) trading and shipping company, completed the acquisition of Quest Petroleum, a fuels distributor in the Eastern Cape, which will now become part of the Petrefuel Business Division in South Africa.
Imperial Logistics announced it acquired 60% of e-Commerce logistics business, ParcelNinja. ParcelNinja offers an outsourced warehousing and fulfilment business to South African online shops.
The 8,700 square-metre hypermarket is the third LuLu in Egypt, which is planning to expand further in the biggest market in the MENA region.
Nigerian last-mile delivery startup Kwik Delivery announced it has released its Kwik Delivery plugin for Shopify, allowing Nigeria-based Shopify merchants to seamlessly integrating Kwik’s groundbreaking last-mile delivery service.
Toyota South Africa Motors (TSAM) announced it will be manufacturing and selling the brand-new Corolla Cross in South Africa in the fourth quarter of the year.
ChemPoint.com announced that allnex has chosen ChemPoint for marketing, sales, and distribution of the UVEKOL glass laminating system in Europe, the Middle East, and Africa (EMEA).
Mastercard, Unilever and KCB Bank have built on their partnership to support micro-merchants in Kenya by expanding their current Jaza Duka program to provide an extensive COVID-19 relief package to retailers.
Mondi has agreed to acquire 90.38% of the outstanding shares in Olmuksan International Paper (Olmuksan) for a total consideration of €66 million.
Gone are the days of dealing with the stock trader on the floor during the Wall Street boom era. Today, trading is accessible to anyone with disposable income, young or old.
Helios Investment Partners, Africa-focused private investment firm, announced a partnership with BİM BİRLEŞİK MAĞAZALAR (BIM), discount grocery retailer in Turkey listed on the Borsa İstanbul, to invest in BIM’s Moroccan business.
AstraZeneca announced its partnership with MYDAWA as part of its commitment to work towards a future where all people have access to sustainable healthcare solutions for life changing treatment and prevention.
To support African micro, small and medium-sized enterprises (MSMEs), the AFD Group is scaling up the presidential Choose Africa initiative by mobilizing an additional €1 billion.
International nonprofit economic development organization TechnoServe is partnering with the Aspen Network of Development Entrepreneurs (ANDE), to host the 4th Virtual Micro Retail Stakeholder Forum.
Sumitomo Rubber South Africa, manufacturer of the Dunlop, Sumitomo and Falken tyre brands for the African continent, has announced the appointment of Lubin Ozoux as the new Chief Executive Officer and Executive Director effective 1 January 2021.
The Lux Afrique Group in keeping with its pioneering spirit, will open the virtual doors to Africa’s very first online luxury multi-brand e-commerce store, the Lux Afrique Boutique, on 25 November 2020.
Western Union, a global leader in cross-border, cross-currency money movement and payments, has expanded real-time digital payout capabilities into 100 countries reaching billions of bank accounts.
Côte d’Ivoire’s national oil company Petroci will construct a 12,000-metric ton liquefied petroleum gas (LPG) storage facility in Abidjan, in partnership with Sahara Energy and under advisory of international law firm Gide and Ivorian law firm SCPA 3K.
Kenya Trade Network Agency (KenTrade) a trade facilitation agency, has introduced optional premium and support services aimed at easing trade processes for traders and offering greater convenience and ease.
Kenyan Small and Medium-sized Enterprises (SMEs) are set to benefit from a joint initiative between KRA and Kenya Railways Corporation, following the launch of a Container Freight Station (CFS).
Crown Paints and Aspira, a product-financing credit facility have signed a partnership that will enable customers to purchase paint and pay in easy installments of up to 12 months.
US-based impact investor Gray Matters Capital announced its funding in Kenya's agritech startup Farmers Pride, a one stop e-commerce platform that connects village level farmers to quality inputs, services and information.
The Free State-based Botshabelo Industrial Park has attracted investments to the tune of more than half-a-billion rand because of the revitalisation programme being rolled out in the park by the Department of Trade, Industry and Competition (the dtic).
Diamond Trust Bank and Jumia have announced a partnership aimed at enhancing cashless payment on the e-commerce platform when purchasing during this year’s Black Friday campaign.
UN Capital Development Fund (UNCDF) and the Swedish International Development Cooperation Agency (Sida) launched a new partnership to address the challenges Micro, Small and Medium Enterprises (MSMEs) face in Zambia.
The EU Ambassador to Tanzania and the East African Community and the Secretary General of the EAC launched a €16.4 million joint programme to strengthen regional economic integration.
The Nairobi Securities Exchange (NSE) admitted EGM Securities as a trading member of the NSE Derivatives Market.
Stripe has entered into an agreement to acquire Paystack, a fintech startup based in Lagos, to make it easy for organizations of all sizes to collect payments from around the world, and help increase Africa’s online GDP.
Deutsche Post DHL, German Ministry for Economic Cooperation promote e-commerce in developing and emerging countries
Giving small and medium-sized enterprises from developing countries access to global markets is the goal of a cooperation between the German Federal Ministry for Economic Cooperation and Development and the logistics company Deutsche Post DHL Group.
Egyptian last-mile delivery startup dreevo launches operations with pre-seed funding from EF Logistics
Egyptian last-mile delivery focused startup dreevo raised a six figure US dollar in a bootstrap, pre-seed funding round from EF Logistics, a third party logistic services provider, to introduce agile and affordable technological solutions.
Africa Medical Supplies Platform, bioMérieux partner to facilitate supply of high-quality COVID-19 diagnostics
bioMérieux and the Africa Medical Supplies Platform (AMSP), have partnered to facilitate the supply of high-quality diagnostic solutions from the bioMérieux Pandemic Response Portfolio to African Union Member States.
Elevar Therapeutics has entered into an agreement with taiba Middle East, under which taiba will commercialize and distribute Apealea in certain countries throughout the Middle East and North African (MENA) region.
COVID-19 has seen consumers across the world ditch cash and in-person shopping in favour of online spending, according to Standard Chartered’s latest global survey.
The UK Department for International Trade (DIT) and Egyptian British Chamber of Commerce (EBCC) organised first retail webinar to explore retail and e-commerce opportunities for British companies in the Egyptian market.
Family owned businesses are estimated to contribute over 70% of global GDP.
Unilever Southern Africa has partnered with the Department of Small Business Development to increase investment in Small, Micro and Medium Enterprise (SMMEs) development.
The Principality of Monaco signed its first funding agreement with UNIDO and the two parties have agreed a tripartite declaration together with the Union for the Mediterranean on empowering women in Tunisia.
Visa announces its partnership with She Leads Africa, a platform that connects female entrepreneurs with the right information and tools that they need to create thriving businesses in their communities.
eoStar announced it has integrated with Microsoft to provide Coca Cola Beverages Africa (CCBA) the opportunity to meet sales and delivery needs across their value chain.
Edcon announced that the sale of parts of the Edgars business in South Africa to Retailability has been implemented, with all approvals from regulatory authorities and all conditions precedent either fulfilled or waived.
DEG has given a total of $85 million long-term loan facility to First National Bank Ghana. This is part of its support for financial institutions to widen the access to credit for SMEs and businesses within the real estate value chain.
Nigerian e-commerce startup Kwik Delivery releases WooCommerce plugin, enabling 2-hour deliveries for online merchants
Nigerian e-commerce startup Kwik Delivery released a WooCommerce plugin, enabling thousands of Nigerian online merchants to integrate seamlessly its delivery service to their WordPress online stores.
Egyptian luxury bedding supplier Pure Parima, will be adding brand new sheet colors called Spa and Linen to its Yalda and Ariane product lines.
Global food prices rose for the third consecutive month in August, influenced by generally firmer demand and a weaker U.S. dollar, according to a report released by FAO.
The World Bank approved an $86 million credit for the Malawi government to increase access to financial services and promote the entrepreneurship and capabilities of micro, small, and medium enterprises (MSMEs) in Malawi.
Novartis and the African Union (AU) through the Africa Medical Supplies Platform (AMSP) have announced a new collaboration to facilitate the supply of medicines from the Novartis Pandemic Response Portfolio to the AU member states.
Pay Television company StarTimes Kenya has introduced additional consumer products on its integrated e-shopping platform StarTimes GO.
British American Tobacco Kenya (BAT Kenya) appointed Ms. Rita Kavashe, MBS, as the Chair of the Company’s Board, effective 1st September 2020.
Glovo, the on-demand delivery startup, has reported an increase in deliveries and cashless payments on its platform since the onset of Covid-19 in Kenya.
The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to working with relevant partners and stakeholders in the Oil and Gas Sector to boost delivery of gas to the domestic market.
The Women Entrepreneurs Finance Initiative (We-Fi) announced its third funding allocation comprising $49.3 million, expected to benefit over 15,000 women-led businesses.
iHerb, a global leader in health and beauty focused e-commerce, is expanding global availability to 23 additional countries, one of the largest expansions in the company history.
Equity Group Holdings (EGH) announced its half year results, reflecting a 24% decline in profitability from Kshs.12.0 billion to Kshs.9.1 billion for the corresponding period the previous year.
The World Bank has agreed to a no cost extension for the Great Lakes Trade Facilitation Project (GLTFP) to December 2021.
Agility has leased warehouse space in the Agility Logistics Park (ALP) in Abidjan to CDCI, Cote d’Ivoire’s top retailer, for a new nationwide warehousing and distribution centre.
DiMuto partners with Jupiter Group to deploy blockchain traceability as part of global expansion plans
DiMuto, a trade technology solutions platform that provides end-to-end supply chain visibility for global agri-food businesses, has secured a deal with Jupiter Group, a leading global produce grower and supplier, to deploy blockchain traceability.
Rainoil has launched its Liquified Petroleum Gas (LPG) facility and business at its multi-product facility in Ijegun, Lagos, Nigeria.
The EBRD is supporting the real economy in Egypt with a $200 million financing package to Banque Misr for trade and for on-lending to small and medium-sized enterprises (SMEs) and private businesses.
IFC announced a $50 million loan to Diamond Trust Bank Kenya (DTB) to support its borrowers, especially small and medium enterprises (SMEs), who have been affected by the economic challenges of COVID-19.
The United Nations Economic Commission for Africa (ECA, Sub-Regional Office for Southern Africa (SRO-SA) convened to provide an integrated and inclusive platform for the development of an effective financing model in Eswatini.
Total Ghana in collaboration with Mckingtorch Africa has launched the Mckingtorch Footwear Pop-up Shop at the Accra Liberation Road Total Service Station.
IFC and the Uganda Bankers Association announced a partnership to train financial institutions SMEs in Uganda to help them build financial strength and resiliency to better meet the challenges of the COVID-19 crisis.
ACI Worldwide announced that Altech Card Solutions is utilizing ACI’s UP Retail Payments to better serve its large multi-national retail customers in South Africa and across the African continent.
The global food prices continued rising for the second consecutive month in July, led by vegetable oils and dairy products, according to the benchmark United Nations report.
With the COVID-19 pandemic continuing to devastate economies around the world, Africa is set to experience its first recession since the 1990s, threatening to undo two decades of growth and development.
Ford Motor Company of Southern Africa (FMCSA) has consolidated and revitalised its used car sales division under the Ford Approved banner, with the focus on providing exceptional service and quality.
The sugar industry in Kenya has steadily expanded over the years, currently with 15 white sugar mills being opened and several jaggery (healthy sugar alternative) operators in place.
From a new digital marketplace to connect Africa’s creatives with global markets, to masterclasses to help designers share and learn, and webinars to inform and inspire, AfDB's Fashionomics Africa initiative has taken great strides this year.
Retailers have been hit hard by the current coronavirus crisis. IT teams supporting struggling businesses now need to switch to maintaining critical infrastructures that support home-workers.
The World Bank approved a $40 million grant from the International Development Association (IDA) to support investment and growth of Small and Medium Enterprises (SMEs) in non-mining productive sectors.
The European Bank for Reconstruction and Development (EBRD) and Visa have announced a strategic partnership that aims to jointly support small and medium sized enterprises (SMEs) in the economies where the EBRD operates.
IFC announced a $50 million loan to Equity Bank Kenya to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients.