Kenyan retailer to receive $75 million from a foreign investor to service its debt and to settle suppliers – if the deal closes, valuing the overall business at $310 million.
Luxury brands that succeed in Africa need top malls… and most will know they are here for the long haul
Kenya offers a look into the mall strategy for the big name players and reveals that Africa’s young population offers big opportunities for the brands that invest now
Retail conglomerate steinhoff international has entered into talks with south african-based supermarket group shoprite holding in bid to create ‘the retail champion of africa’, says a report by www.cabinet-maker.co.uk The two companies officially stated in december 2016 that negotiations to merge its respective african retail businesses were underway, with the objective to create a ‘formidable […]
Massmart, Shoprite and Woolworths publish their sales figures to Christmas – and they show a buoyant economy
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Growing food requirements to sustain increased populations means the agriculture industry will need sophisticated equipment to carry out effective agricultural processes
Top British chef begins filming 10-part TV show exploring South Africa’s diverse culinary traditions
A Taste of South Africa will follow Tebbutt as he travels across the country discovering and exploring the diversity and ﬂavour of the local foods
This strategy to seek out Africa’s growing middle class consumers, in places its competitors have yet dared to venture, has helped drive Shoprite’s rapid expansion in the last decade.
“With 31 flavours – a different flavour for each day of the month. South Africans can always look forward to something exciting at our ice cream shops.”