Standard Bank provides Woolworths with US$41.53m sustainability-linked working capital facility

SOUTH AFRICA – Standard Bank, a financial services firm and retailer Woolworths have successfully concluded the first sustainability-linked working capital facility in South Africa to the value of R600 million (US$41.53m). The conclusion of the facility is testament to Woolworths’ commitment to achieving bold sustainability targets and realising its vision to be one of the world’s most responsible retailers, the…

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Woolworths opens new flagship store at the Sarit Centre in its expansion drive in Kenya

KENYA – Woolworths, a South-African fashion retailer, has opened a new flagship store at the Sarit Centre continuing its expansion drive in Kenya, about three years after it fully gained control its local business. According to Business Daily, the SA brand bought out Deacon’s Kenya stake in 2016 ending a joint venture the two had formed in 2012. The opening…

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