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30-10-2014 23:52:00 | by: Administrator | hits: 31882679 | Tags:

Egyptian startup Sideup raises $1.2m to grow its e-Commerce platform
05-12-2022 | 13:45:00
Sideup, the MENA region’s platform for e-Commerce services has announced the completion of a $1.2m seed round.
[South Africa] Value-added services will define the future of e-commerce, says PAYM8
28-11-2022 | 07:22:00
Online shopping in South Africa has become the new normal bringing with it new payment opportunities and some key challenges yet to be overcome.
Hisense opens first B2B showroom in South Africa
25-11-2022 | 11:20:00
Hisense, the global home appliance and consumer electronics brand, has announced the opening of its first B2B showroom in South Africa.
[Tanzania] Retail-tech startup Ramani announces $32M Series A funding
24-11-2022 | 06:49:00
Ramani, software company building a cloud network of micro-distribution centres for Africa's $1 Trillion consumer-packaged goods supply chain, has closed its $32million series A round of equity & debt.
PepsiCo injects $40m investment to expand its Senselet snacks business in Ethiopia
01-11-2022 | 11:58:00
PepsiCo is finalizing an investment proposal of approximately $40 million, to expand its Senselet snacks business in Ethiopia, and is considering the possibility of further investments in the country to expand the company’s portfolio beyond snacks.
[Column] Mike Smollan: The effect of loadshedding on South African retail industry
26-10-2022 | 12:27:47
With loadshedding recently declared the 2022 word of the year by the Pan South African Language Board - retailers, brands, and manufactures have faced heavy knocks in a sector that is still in recovery post lockdown
Wasoko says it has not shut down its operations in Kenya
20-10-2022 | 07:21:00
Kenyan-based B2B e-commerce startup Wasoko has dismissed reports that it has shut down its operations in the country.
i2c partners with Majid Al Futtaim to launch new payment solution
13-10-2022 | 09:22:33
This solution is part of Majid Al Futtaim’s SHARE rewards program, the region’s leading loyalty program, which enables its members to ‘Pay, Earn and Redeem’ points in just one tap.
Kenyan Mobile Commerce Startup Copia Global Announces New Leadership Appointments
06-10-2022 | 11:26:00
Copia Global has announced new appointments to its leadership as the organization deepens its focus on regional growth and continues to pursue its expansion strategy.
Kenyan startup Kyosk Digital expands to Uganda
06-10-2022 | 08:10:34
Kyosk Digital Services which aims to address some of the challenges that vendors of fast-moving consumer goods (FMCGs) go through in sourcing products and restocking their outlets has expended to Uganda
American convenience store Circle K expands to South Africa
28-09-2022 | 13:46:00
Alimentation Couche-Tard (Couche-Tard) a global player in convenience and mobility, and Millat Convenience (Millat), a subsidiary of the Millat Group, announced a Master License Agreement that will bring Circle K to South Africa.
Healthtech startup Remedial Health secures $4.4m to provide access to credit for pharmacies in Nigeria
21-09-2022 | 13:24:00
Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has raised $4.4 million in seed funding to accelerate its expansion across Nigeria.
Corner shops are faring well against big box stores in emerging markets, report
19-09-2022 | 15:09:00
Corner shops are doing better than predicted despite protracted supply chain issues and big-box and online retail competitors. This is according to a new report released by Flourish.
[Startup Interview] Tesh Mbaabu, CEO, MarketForce, Kenya
12-09-2022 | 14:16:00
Tesh Mbaabu is the Co-founder and CEO of Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa Today, MarketForce MarketForce.
Kenyan B2B E-commerce Startup Wasoko Opens an Innovation Hub in Zanzibar
01-09-2022 | 08:02:00
Wasoko which leverages technology to transform the informal retail supply chain has announced the official launch of the “Wasoko Innovation Hub” in partnership with the Zanzibar government
Pick n Pay selects Amazon Web Services as its strategic cloud provider
30-08-2022 | 11:04:17
Moving to the cloud will enable Pick n Pay to streamline its operations and modernize the supply chain network for its stores, develop new digital customer experiences in omnichannel grocery, and expand into new areas of business.
[Nigeria] B2B e-commerce startup Omnibiz raises $15 million for expansion
29-08-2022 | 08:11:00
Omnibiz has raised $15 million pre-Series A round ($5 million equity and $10 million debt) led by Timon Capital, Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital and Musha Ventures.
[Column] Mike Smollan: South African retail trends for 2022 and beyond
25-08-2022 | 16:02:00
Globally, overwhelmed supply chains, supply-demand imbalances and commodity-driven cost pressures as Russia invaded Ukraine, pushed inflation up and put further pressure on businesses and consumers alike.
RMB partners with South Africa's retailer Shoprite to drive sustainability strategy
24-08-2022 | 16:52:00
South Africa's Rand Merchant Bank (RMB) has partnered with the Shoprite Group through the provision of a R1.5 billion loan facility, to expand the retailer’s key environmental programmes as part of its wider sustainability strategy.
[Column] Andrew Springate: What merchants and consumers need to know about Registered Mandate Services (RMS)
17-08-2022 | 09:44:00
When South Africa became the first country in the world to launch Authenticated Collections (Debicheck), replacing EDO (AEDO & NAEDO) with DebiCheck in 2021, consumers and merchants breathed a collective sigh of relief.
South Africa's TymeBank acquires Retail Capital fintech to bolster business banking offering
16-08-2022 | 13:57:00
TymeBank, South Africa’s digital bank, is set to bolster its business banking offering with a series of new initiatives, key of which is the proposed acquisition of Retail Capital, a fintech company that provides funding to SMEs and businesses in South Africa.
[Kenya] Mobile commerce startup Copia Unveils Manufacturing Unit for Sugar and Rice Production
08-08-2022 | 07:53:00
Copia Global, a Kenyan-based mobile commerce platform has unveiled a new manufacturing unit to enhance its output of affordable sugar and rice to the Kenyan market.
TotalEnergies partners with ADNOC for fuel distribution in Egypt
01-08-2022 | 14:38:00
The partnership between TotalEnergies and ADNOC has been further strengthened following the signing by ADNOC Distribution of an agreement to acquire a 50% stake in TotalEnergies Marketing Egypt LLC for a consideration of approximately $200 million.
DispatchTrack expands global footprint with new operations in South Africa
27-07-2022 | 11:27:25
DispatchTrack, the solution provider of right-time delivery management software, is expanding its global footprint with new operations in South Africa.
Enabling over 5,000 African businesses to trade in the Africa Continental Free Trade Area
20-07-2022 | 10:24:00
ITC’s partnership with Afreximbank supports innovative, green finance solutions, strengthens Africa’s creative economy through tailored trainings – with 5,000 small businesses skilled so far – and promotes African business opportunities within the Caribbean region.
La stratégie pour l'avenir de l'African Business Roundtable (Pt II) – Autonomisation des PME
18-07-2022 | 10:02:00
En tant que voix du secteur privé et défenseur éminent d'une économie Africaine développée, l'ABR a regardé vers l'avenir et a découvert une division du secteur privé qui est résiliente quant à la mission de construction de l'économie Africaine.
The African Business Roundtable's strategy for the future (Pt II) – SME Empowerment
18-07-2022 | 08:07:00
As the voice of the private sector and a prominent advocate of a developed African economy, the ABR has peered into the future and discovered a division of the private sector that is resilient about the mission of building the African economy.
[South Africa] The future of spaza shops is local and modern, BCG study
07-07-2022 | 13:15:00
Traditional shops will continue to modernise and improve the quality of their offerings while the innovation ecosystem will help them to achieve better efficiency through financial and business-to-business supply chain digital solutions
BII, INOKS Capital launch Trade Access Programme to back the growth of African SMEs
06-07-2022 | 15:00:00
The British International Investment (BII) and INOKS Capital announced first-of-its-kind Africa-focused Trade Access Programme (TAP), to help to increase needed liquidity to SMEs and target trade intermediaries in Africa.
Amazon Egypt launches valU's BNPL services for consumers to avail convenient installment plans
05-07-2022 | 13:04:00
Amazon Egypt (amazon.eg) is introducing installment plans through valU, the BNPL lifestyle-enabling fintech platform in MENA, to enhance its shopping experience and provide customers in Egypt flexible and affordable payment options.
ADEX, EBID sign financing agreement to boost UAE exports to West Africa
01-07-2022 | 11:09:00
Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), signed a financing agreement with the ECOWAS Bank for Investment and Development (EBID), to boost Emirati exports in the African market.
Vivo Energy Kenya launches anti-counterfeit platform to verify authenticity of Shell Lubricants
01-07-2022 | 10:03:00
Vivo Energy Kenya, the company that distributes and markets Shell products and services in the country, launched an anti-counterfeit consumer platform to enable consumers verify the authenticity of the Shell Lubricants they consume.
[South Africa] Naspers announces strong revenue growth with profitable core operations
29-06-2022 | 09:39:00
Naspers, a South African multinational holding company with interests in online retail, publishing and venture capital investment, announced a strong revenue growth with profitability in core operations for the year ending 31 March 2022.
Amethis sells its stake in Naivas to Mauritius investor IBL Group
27-06-2022 | 15:56:00
Amethis, alongside its partners, DEG, MCB Private Equity, and IFC, announced they have reached an agreement to sell their stake in Naivas International (Mauritius), which owns 100% of the shares of Naivas, a supermarket chain in Kenya.
Egyptian fintech MNT-Halan acquires e-Commerce platform Talabeyah
27-06-2022 | 15:32:00
Egyptian fintech MNT-Halan announced the acquisition of Talabeyah, a B2B e-Commerce platform that offers FMCG supplies directly to small merchants, retailers, and soon, consumers, meeting all their requirements with next-day delivery.
[South Africa] Diversified retailer CA Sales lists on the JSE
27-06-2022 | 15:07:00
The Johannesburg Stock Exchange (JSE), announced it has listed CA Sales on its main board providing South African investors with exposure in the fast-moving consumer goods (FMCG) company with a footprint in several Southern African countries.
Fintech platform Nomanini launches app to connect FMCGs and financial service providers in Africa
27-06-2022 | 08:24:00
Fintech platform Nomanini has today announced the launch of a new supply chain finance solution called StockNow that connects FMCGs and financial service providers to serve Africa’s informal retailers at scale.
J&T Express launches in Egypt to accelerate e-Commerce across the MENA region
22-06-2022 | 10:33:00
J&T Express (J&T), an international express logistics company, announced it has officially launched its network in Egypt, another major step in J&T's expansion in the Middle East North Africa (MENA) region.
Alhokair Family enters agreement to acquire minority stake in MENA’s BNPL valU
21-06-2022 | 12:16:00
valU, MENA’s Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced that the Alhokair Family, have entered into an agreement to acquire a 4.99% stake in valU through a capital injection of $12.4 million.
Coca-Cola delays listing of Coca-Cola Beverages Africa as a publicly traded company
15-06-2022 | 09:54:00
The Coca-Cola Company announced it is delaying plans to list Coca-Cola Beverages Africa (CCBA) as a publicly traded company.
Network International partners with FreedomPay
06-06-2022 | 12:29:27
Network International partners with FreedomPay to offer a fully integrated payments platform to its hospitality and retail merchants in UAE and MEA region to achieve seamless customer experience.
TRADE X opens new office in Lagos to accommodate growing automotive demand in Nigeria
31-05-2022 | 09:30:21
TRADE X, a B2B cross-border automotive trading platform based in Ontario, Canada, announced it has opened a new office in Lagos, Nigeria, to help meet the growing demand for vehicles in Nigeria.
Banking has the most valuable brands in Africa, followed by telecom and retail, report
25-05-2022 | 13:59:10
The growth of African banks in the ranking is facilitated by focusing on digital payments and online banking.
Yiling Pharmaceutical receives medicine approval for Lianhua Qingwen Capsules in Nigeria
17-05-2022 | 11:18:00
Yiling Pharmaceutical, a company that develops, manufactures, and sells Chinese patent medicine, announced it has received the medicine approval document for Lianhua Qingwen Capsules from the NAFDAC, Nigeria.
Rihanna launches Fenty Beauty and Fenty Skin across eight African markets
16-05-2022 | 16:05:00
Barbadian singer, songwriter, actress, fashion designer and businesswoman Robyn Rihanna Fenty (Rihanna), announced the launch of her Fenty Beauty and Fenty Skin products across eight African markets.
AFD mobilizes €1 billion for MSMEs in Africa
09-05-2022 | 10:07:42
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.
First National Bank Ghana secures $85m funding from DEG
09-05-2022 | 10:07:08
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.
World Bank approves $86m to improve access to financial services for MSMEs in Malawi
09-05-2022 | 10:06:52
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.
Helios partners with BIM to invest in BIM’s Moroccan business
09-05-2022 | 10:06:02
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.
Optty launches World’s first independent platform for retailers to integrate BNPL Providers
28-04-2022 | 08:59:49
Optty, the world’s first Buy Now, Pay Later integration platform, has in stealth raised over $9 million USD in private funding and today announced its solution for retailers and payment gateway providers to revolutionize the fast-growing sector with transparency, simplicity, and speed.
Skaleet partners with Thunes to expand cross border payments capabilities for customers worldwide
26-04-2022 | 11:08:00
Skaleet, an international fintech providing a next-generation Core Banking Platform (CBP), announced a partnership with Thunes, a global cross border payments provider, to offer an instant, global payment service to both B2B and B2C customers.
Mastercard launches next-gen identity technology with Microsoft to enhance safe online shopping
26-04-2022 | 10:57:00
Mastercard announced the launch of an enhanced identity solution designed to improve the online shopping experience and tackle digital fraud in a new collaboration with Microsoft Corp.
Dover Fueling Solutions partners with Global Technical Services to offer DX Wetstock in Egypt
22-04-2022 | 12:44:41
Dover Fueling Solutions (DFS), announced it has expanded its agreement with Global Technical Services (GTS) to include the provision of its DX Wetstock management services, an end-to-end fuel management solution, to the Egyptian markets.
[Column] Nick Durrant: Using tech to influence customer behaviour
05-04-2022 | 09:34:00
Customer Journey Management (CJM), can help business owners boost customer satisfaction, increase sales and revenues. This is a method of optimising the online and in-store customer experience.
Kenyan BNPL company Lipa Later on boards Hotpoint Appliances as new electronics partner
29-03-2022 | 12:28:00
Lipa Later, a payment option that allows customers to purchase commodities through affordable monthly instalments has on-boarded Hotpoint as a new retail partner.
Kenya to host region’s first trade facilitation summit
17-03-2022 | 09:58:00
Kenya is set to host the first trade facilitation summit in the East African region as the country seeks to increase international trade.
Uganda National Bureau of Standards directed to withdraw quality mark on energy drinks
17-03-2022 | 09:49:00
The Committee on Trade, Tourism and Industry has directed Uganda National Bureau of Standards (UNBS) to withdraw their distinctive marks on all the energy drinks which have violated standards.
Goodlife Pharmacies raises $12m to increase access to quality medicines and healthcare services in East Africa
11-03-2022 | 09:14:00
Healthcare and retail pharmacy chain, Goodlife Pharmacies, raised $12 million in debt financing from Proparco, the French Development Finance Institution, to increase access to quality medicines and healthcare services in East Africa.
Vodacom Business launches online resource hub for small businesses in South Africa
09-03-2022 | 07:22:00
Vodacom Business has  launched  an online resource hub, V-Hub, an online resource portal specifically designed to help SMEs unlock their full potential as they embark on a digital transformation journey.
KITEA Group, Tana Africa acquire majority stake in Kenya’s Furniture Palace
04-03-2022 | 10:17:00
KITEA Group (KITEA), the furniture retailer in Morocco with 30 stores across 17 cities, alongside its long-standing partner Tana Africa Capital (Tana), announced the acquisition of a majority stake in Kenya’s furniture retailer, Furniture Palace.
The Africa Trade Expo (TATE) | Virtual Conference and Trade Show
02-03-2022 | 08:58:00
The Africa Trade Expo (TATE) presents direct access to African buyers whose main aim is to source the latest products, establish partnerships, and conclude import/export deals.
European DFIs sell debt in operating company of palm oil plantations in the DRC, PHC
23-02-2022 | 10:51:00
The Development Finance Institutions (DFI) BIO of Belgium, CDC of the UK, DEG of Germany and FMO from the Netherlands, announced they will cease to be Lenders to PHC, the operating company of three longstanding palm oil plantations in the DRC.
CDC partners with FirstBank to support women and SMEs with $100m credit facility in Nigeria
23-02-2022 | 10:30:00
UK’s Development Finance Institution (DFI) CDC announced a $100 million finance facility to First Bank of Nigeria (FirstBank), to direct funding to women-owned and led businesses as well as to local small and medium-sized enterprises (SMEs) in Nigeria.
ACI Worldwide partners with South Africa's Nedbank to drive payments modernization
22-02-2022 | 13:46:26
ACI Worldwide, the global real-time payments software, announced a partnership with South Africa’s financial services provider, Nedbank, to drive its digital transformation journey including real-time payments.
Kenyan retail tech startup MarketForce raises $40m Series A to scale up super app for Africa’s informal merchants
22-02-2022 | 08:32:00
MarketForce, the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the closing of a $40 million Series A round, the largest Series A round of it’s kind in East and Central Africa.
Future Foods | African Food & Beverage Industries Virtual Conference & Trade Show
21-02-2022 | 22:22:00
Future Foods is a virtual meeting place for importers, F&B managers, retail category buyers, owner-operators, agents, and distributors from across Africa’s diverse and booming market
[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa's highest valued Unicorn
18-02-2022 | 16:17:00
As the African fintech industry continues to bloom, so does the funding. Flutterwave, the San Francisco-headquartered and Lagos-based company has now become Africa's highest valued startup with a valuation of over $3 billion.
[East Africa Business Week] Bob Koigi: Financial institutions bank on tech to bolster offerings
18-02-2022 | 14:42:31
East Africa financial institutions are betting on tech to boost their offerings, grow their customers’ portfolio and stay afloat in a competitive market.
[Africa Tech Week] Nixon Kanali: African fintechs aggressively increasing their valuation
17-02-2022 | 14:34:00
This has been quite an interesting week in tech in Africa. The biggest news coming from Nigeria where fintech startup Flutterwave tripled its valuation to over $3 billion after raising $250 million in Series D funding
[Kenya] Sendy partners with residential minimarts in credit finance and fulfillment scheme
17-02-2022 | 12:59:00
Kenyan logistics startup Sendy has teamed with Mini Marts to enable retail commerce at the micro level.
MENA's c-Commerce startup Zbooni launches in Egypt
16-02-2022 | 08:35:00
Zbooni, MENA's c-Commerce (connected commerce) platform, has announced its official launch in Egypt. The rapidly scaling startup, which is backed by regional and global investors, will support the backbone of the Egyptian economy.
[African Startup Review] Pie Kamau: Capital funding for tech startups gain momentum in 2022
10-02-2022 | 17:40:00
The startup ecosystem in Africa is taking shape. A lot of technological innovations especially in the areas of fintech, e-mobility, e-commerce, healthtech, foodtech and cleantech have seen accelerated growth towards Africa’s digital transformation and innovation.
Vivo Energy appoints Abou Sow as Managing Director for Côte d'Ivoire
08-02-2022 | 10:52:00
Vivo Energy Côte d'Ivoire, the distributor and marketer of Shell branded products, announced the appointment of Abou Sow as the new Managing Director.
Global food prices rise in January, FAO Index
07-02-2022 | 14:49:00
The Food and Agriculture Organization of the United Nations (FAO) reports that the gauge for world food prices went up in January, largely catalysed by supply-side constraints for vegetable oils.
DPO Group partners with Bank of Kigali to onboard e-Commerce merchants in Rwanda
07-02-2022 | 10:11:00
African digital payments company DPO Group has partnered with Bank of Kigali to onboard e-Commerce merchants for the bank, in Rwanda.
B2B marketplace startup Retailo raises $36m Series A funding to empower community commerce in the MENA region
01-02-2022 | 08:40:00
Retailo, the B2B marketplace startup for retailers in Middle East, North Africa, and Pakistan (MENAP) which is digitizing the region's retail supply chains, has raised $36 million in its Series A investment round.
[Interview] Burak Buyuksarac, CEO, BMS Group, Tanzania
28-01-2022 | 09:54:00
BMS Group, a Tanzanian company, operates different companies across tourism, security, consultancy, trading, and interior design and construction.
Citi launches Sustainability-linked Supply Chain Finance program in Algeria
26-01-2022 | 14:36:00
Citi launched its first Middle East and North Africa (MENA) Sustainability-linked Supply Chain Finance (SSCF) program in Algeria.
Mastercard unveils next-gen virtual card solution for instant B2B payments
21-01-2022 | 08:51:31
Mastercard announced the launch of Mastercard Track Instant Pay, a next-generation virtual card solution that uses machine learning and straight-through processing to enable instant payment of supplier invoices.
Nestlé, Nomanini and Standard Bank partner to solve stock needs of Africa's underbanked informal retail traders
18-01-2022 | 08:13:00
A collaborative partnership between Nestlé Eastern and Southern African Region, Nomanini and Standard Bank is providing MSMEs with access to working capital via Trader Assist, a digital finance solution that enables retailers to stock up their shops.
African Development Fund grants $1.5m to strengthen policy environment for digital trade and e-Commerce across Africa
20-12-2021 | 11:31:00
The African Development Bank Group approved a $1.5 million grant to assess policy gaps in the digital trade and e-Commerce ecosystems in 10 countries in Africa.
[Nigeria Business Week] Andrea Ayemoba: Come dry season, food production and supply chain gain emphasis
10-12-2021 | 11:25:00
As we have established time and again, fertile lands and an able, skilled workforce are a vital combination for a thriving agricultural sector.
Egyptian fintech startup Sympl raises $6m to accelerate growth of its merchant network
09-12-2021 | 10:53:00
Sympl, the first ‘Save Your Money Pay Later’ platform in Egypt, announced it raised $6 million funding round led by Beco Capital along with A15, and Global Ventures. Sympl will use the proceeds to accelerate the growth of its merchant network.
[Column] Gilbert Lungu: How seamless payment experiences make retail brands more valuable and relevant
02-12-2021 | 07:07:00
As established brands in the retail sector aggressively compete to acquire, cultivate, and defend their share of the Zambian consumer’s spend, those that connect, engage, and transact in the most unified and frictionless ways will be best positioned.
African retailer Pick n Pay selects Clickatell to manage its WhatsApp customer communication channel
26-11-2021 | 07:49:26
Clickatell, a player in mobile communications and chat commerce, has been selected by African retailer Pick n Pay, to manage its WhatsApp customer communication channel.
Papa John’s International expands into Kenya and Uganda
24-11-2021 | 10:31:00
Papa John's International announced its expansion into Sub-Saharan Africa with its newest franchise partner Kitchen Express LTD, a subsidiary of AAH Limited, the majority shareholder of Hass Petroleum Group.
Meta launches Business Coach tool on WhatsApp to help SMBs in Africa grow online
09-11-2021 | 09:39:55
Meta announced the launch of Facebook Business Coach, an innovative and easily-accessible way for owners of small-and medium-sized businesses (SMBs) in South Africa, Nigeria, and Kenya and other English speaking countries.
DP World launches e-Commerce platform DUBUY.com in Kenya
09-11-2021 | 08:31:00
Trade enabler, DP World, announced the launch of its global wholesale e-Commerce platform DUBUY.com in Kenya, bringing a new digital trade corridor for Kenya and the East African region for efficient, reliable B2B e-Commerce for businesses of all sizes.
[Nigeria Business Week] Andrea Ayemoba: Q3 stats show industries thriving, strong investor confidence
05-11-2021 | 13:23:00
Nigeria earns every week its place as Africa’s largest economy. While subject to the typical ups and downs any market is expected to have, its mere size guarantees a general continuity of business operations even in the face of a spiraling inflation trend.
CP Kelco expands distribution relationship with Azelis in the EMEA region
03-11-2021 | 14:55:00
CP Kelco, a global leader of nature-based ingredient solutions, announced it will expand its distribution relationship with Azelis in Europe, the Middle East, and Africa.
[South Africa] Prosus increases stake in Delivery Hero
03-11-2021 | 10:26:00
Prosus, a major subsidiary of South African Naspers, has entered into an agreement to acquire an additional 2.5% stake in Delivery Hero, subject to regulatory approval, through its subsidiary, MIH Food Holdings B.V.
Sub-Saharan Africa exits recession in 2021, recovery still vulnerable, Africa Pulse
08-10-2021 | 10:26:00
Sub-Saharan Africa is set to emerge from the 2020 recession sparked by the COVID-19 pandemic with growth expected to expand by 3.3 percent in 2021. This is one percent higher than the April 2021 forecast according to the latest edition of Africa Pulse.
[kenya] MarketForce appoints Arthur Bourekas as Chief Commercial Officer
30-09-2021 | 11:02:02
MarketForce, the Kenya and Nigeria-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the appointment of Arthur Bourekas as the Chief Commercial Officer, effective 1st October 2021.
ECA, ICC launch centre of entrepreneurship in Africa
17-09-2021 | 08:50:00
The Economic Commission for Africa (ECA) and International Chamber of Commerce (ICC) have jointly launched Centres of Entrepreneurship in Africa, under the theme, ‘Creating Livelihoods for Inclusion’.
Amethis acquires minority stake in Avacare Global to strengthen African footprint
15-09-2021 | 13:34:00
Africa-focused investment fund manager Amethis announced the acquisition of a minority stake in Avacare, a distributor and manufacturer of pharmaceuticals and healthcare consumable products.
PPG appoints Meri Vainikka as Vice President, Architectural Coatings, EMEA, North and East
10-09-2021 | 12:49:00
PPG announced the appointment of Meri Vainikka as vice president, architectural coatings (AC), Europe, Middle East and Africa (EMEA), North and East, effective immediately.
ITC, partners launch SheTrades Hub in Rwanda to bring trade opportunities for women-led businesses
02-09-2021 | 11:25:00
The ITC and the PSF Chamber of Women Entrepreneurs, in collaboration with the Rwandan Ministry of Trade and Industry launched the SheTrades Hub in Rwanda to bolster competitiveness and market access of Rwandan women-led businesses.
Kenyan retail tech startup MarketForce raises $100,000 funding from Harambeans Prosperity Fund
31-08-2021 | 12:07:00
The Harambeans Prosperity Fund, a donor advised investment vehicle formed through the Harambe Entrepreneur Alliance’s network of prominent families and corporations co-invested $100,000 in Y Combinator Harambean venture MarketForce.
Egyptian B2B e-commerce startup MaxAB acquires distribution platform WaystoCap
25-08-2021 | 13:08:07
The acquisition will see MaxAB accelerate its expansion into the Maghreb market, empowered by WaystoCap’s expertise in the region.
Standard Bank partners with Pick n Pay to bring banking closer to customers in South Africa
20-08-2021 | 09:53:00
Pick n Pay and Standard Bank have entered into a partnership that will bring banking closer to the two organisations’ customers.