Morocco’s BIM sells 35% minority shares to Blue Investment Holding
MOROCCO – BIM, a Turkish retail chain company, has announced the sale of 35% minority shares of...
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Tag: Retail & Foodservice
Tech services firm Altron unit retrenches staff, put its building on sale
SOUTH AFRICA – Technology services firm Altron is selling its building that housed...
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Axia Corporation up its stake in automotive spares distributor Transerv
ZIMBABWE – Specialty retail and distribution group Axia Corporation Limited, has increased...
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Ghana closes foreign-owned shops to protect local businesses from competition
GHANA – The Government of Ghana has ordered the closure of all foreign- shops that are operating...
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MTN seeks to sell stake in Africa’s eCommerce giant Jumia Technologies
SOUTH AFRICA – MTN Group Limited, South African multinational mobile telecommunications...
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Kwanza Tukule Foods – Improving Access to Nutritious Foods for Urban Dwellers
START-UP Kwanza Tukule Foods is seeking to change the way lower income earners in Nairobi, Kenya...
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Thai Conglomerate, CP Group buys Tesco’s Asian assets for US$10.6bn
ASIA – Tesco has accepted a US$10.6 billion bid for its Asian businesses from a consortium of...
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Banque du Caire profits rises by 59% to hit US$257 million in 2019
EGYPT – Banque du Caire, one of the largest commercial banks in Egypt has recorded...
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Canon forges two new partnerships to enhance presence in Egypt
EGYPT — Canon Central and North Africa (CCNA), a world leader in imaging solutions, has...
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Morocco shades 5 spots to rank 12th in Global Retail Development Index
MOROCCO – Morocco ranked 12th out of 30 at the 2019 Global Retail Development Index conducted by...
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A.T Kearney’s retail development index finds Economy Development, Trade Policy greatest factors influencing global retail growth
AFRICA– A.T. Kearney’s Global Retail Development Index (GRDI)reveals that economic...
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Cash-strapped retain chain Nakumatt shuts down branches, remains with 3 stores
KENYA – Struggling retailer Nakumatt Holdings has shut down three of its remaining six stores,...
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