Rihanna set to launch Fenty beauty & Fenty skin across 8 African countries

AFRICA – Fenty Beauty and Fenty Skin products, a business by singer and businesswoman Robyn Rihanna Fenty (Rihanna), has launched across eight African markets. Within Africa, Fenty Beauty and Fenty Skin will be available starting May 27 at Arc Stores and Edgars in South Africa, Essenza in Nigeria and Ghana, Lintons Beauty in Kenya, Edgars in Namibia and Botswana, Color…

Read More

Mr Price acquires controlling stake in retailer group Studio 88 Group

SOUTH AFRICA – Mr Price, value fashion and homeware retailer, has announced on that it is acquiring 70% of the owner of Studio 88 Group, which includes the SideStep, John Craig, Skipper Bar brands, for R3.3 billion (US$225.23m). Mr Price described the Studio 88 group, which operates over 700 stores, as the “largest independent retailer of branded leisure, lifestyle and…

Read More

Retail tech firm Cartnshop raises US$400k funding as it prepares to launch

KENYA – Cartnshop, a Kenyan startup that helps African small businesses build up internet stores quickly and affordably, has raised US$400,000 in funding as it prepares to launch next month and help with commercialization.  Cartnshop is an end-to-end e-store enablement engine that lets any retail or corporate organization to acquire new customers, and it was founded in 2018. Payment gateways,…

Read More

Samsung Electronics names new Managing Director for East Africa region

EAST AFRICA – Samsung Electronics has appointed Tae Sun Lee as its East African Managing Director effective January 2022. He takes over from Seok Min Hong who has been at the helm of the company since September 2017. Lee previously served as the Strategic Director Integrated Mobility Division at Samsung Electronics South Africa. Mr. Lee joined Samsung Electronics in August 2003 where he…

Read More

Agricultural equipment firm Grosso Foods B.V. rebrands as Grosso.Africa, reveals expansion plans

TANZANIA – Agricultural investment and advisory partner, Grosso Foods B.V., has transitioned into Grosso. Africa, a Tanzania-based distributor with a hands-on focus on the distribution of conservation agriculture equipment and smart farming solutions. The rebrand highlights the company’s growth and strategic expansion plans with an unveiling of a new website redesign to reinforce its growing business model. “Our new name…

Read More

GMG receives official rights to manage and distribute Nike brand in Egypt

EGYPT – GMG, a global well-being company retailing, distributing and manufacturing a portfolio of international and home-grown brands, has announced that the company will have the official rights to manage, distribute, and retail the Nike brand in Egypt and Iraq starting in Q3 2022 through its sports vertical, GMG Sports.  The expansion of GMG’s Nike distribution contract in Egypt and…

Read More

Retail tech-startup MarketForce partners with Cellulant to expand in five markets across Africa

KENYA – MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja, its retailer “super app” that makes it possible for informal merchants to order and pay for inventory digitally, accept payments for utility bills and access financing for their businesses. Co-founded in 2018 by Tesh Mbaabu and Mesongo Sibuti, MarketForce is…

Read More

Retail group TFG buys delivery app Quench to bolster omni-channel

SOUTH AFRICA – TFG, a leading retail group in South Africa, through its tech division TFGLabs, has acquired digital shopping platform and last-mile delivery provider Quench. Quench provides same-day delivery of groceries, food, medication and alcohol via its mobile app to customers in major centers across South Africa. According to the fashion retail giant, the acquisition forms part of TFGLabs’ ambition to…

Read More

Retail-tech startup Alerzo acquires payments platform Shago to boost growth

NIGERIA – Retail-tech startup Alerzo has acquired fintech company Shago Payments as it looks to build on already impressive growth that saw its annualized September transaction volume exceed US$155 million. Founded in 2019, the Ibadan-based Alerzo is an all-in-one technology and services platform that transforms how Nigeria’s informal retail stores operate. Retailers can order stock, have it delivered quickly, receive and make…

Read More

MarketForce appoints FMCG distribution veteran Arthur Bourekas as Chief Commercial Officer

KENYA – MarketForce, Kenya and Nigeria-based B2B platform for retail distribution of consumer goods and digital financial services in Africa are pleased to announce the appointment of Arthur Bourekas as the Chief Commercial Officer, effective 1st October 2021. Mr. Arthur has over 25 years of experience executing commercial growth, logistics and distribution in some of the most challenging countries in…

Read More