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Kenya Online Restaurant Platform Partners Indian Firm to Expand Foot Print in East Africa

EatOut, a Kenyan based eatery discovery service has partnered DineOut, Indian firm in the launch of a regional restaurant platform dubbed as InResto as they seek to tap a wider market in the regional expansion drive. According to a report by Business Daily, the partnership will see EatOut launch the …

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ZAMBEEF’S Northen Region Distribution Centre Goes Online

Zambeef’s Kitwe Processing Plant to decentralise operations and further increase company’s efficiencies on the Copperbelt and neighbouring markets Zambeef Products’ new Kitwe Processing Plant is set to decentralise some of the food retailer’s operations and logistics from its base at Huntley Farm in Chisamba in a move to streamline operations, …

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Shoprite Nigeria Lauded for Promoting Cashless Transactions

In a first for the retailer, Shoprite Nigeria was among the winners at this year’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards. The retailer won in the category Merchants (Point of Sale) for recording the highest volume of cashless transactions in 2018. The EPIS Efficiency Awards celebrate, among others, financial …

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AlipayHK Collaborates with McDonald’s Hong Kong to Steer Digital Transformation in Catering Industry

With ubiquitous popularity on cashless payment services, AlipayHK has partnered with a plethora of merchants to engage users to harness the convenience of mobile payment. Today AlipayHK has collaborated with McDonald’s Hong Kong to steer profound digital transformation in catering industry – of which AlipayHK users can use the e-wallets …

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RCL Foods Reports on Performance Headlines, Financial Highlights and Prospects

RCL FOODS has reported that headline earnings for the six months ended December 2018 decreased by 26.3% to R475,1 million (December 2017: R644,7 million). The decline was largely a result of significant challenges within the Sugar and Chicken categories due to dumped imports which resulted in oversupply and lower realised prices. …

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Mastercard and Jumia Expand Relationship to Accelerate E-commerce Growth in Africa

Jumia, the leading pan-African e-commerce platform, today announced that Mastercard has agreed, subject to certain conditions, to become an investor and form a strategic partnership to grow e-commerce operations and support the digital transformation of the continent. Currently, e-commerce is nascent in Africa and accounts for less than 1% of …

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Barloworld Announces New Group Structure

On 27 February 2019, Barloworld Group announced a strategic decision to merge its automotive and logistics divisions, a move that will leverage the assets and capabilities of the two divisions. The new change brings about the opportunity to strengthen the group’s core capabilities while optimising its existing portfolio to ensure …

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Alibaba Gains E-commerce Edge in Kenya With Safaricom Deal

In a bid to bolster its e-commerce presence further, Alibaba BABA has teamed up with Safaricom, a Kenya-based provider of voice, data, financial services and enterprise solutions. Per the deal, Safaricom’s customers will be able to make payments via the company’s mobile-money wallet, M-Pesa, while shopping on AliExpress.com, an online …

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Shoprite Opens Second Supermarket in Nairobi

Africa’s largest retailer, the Shoprite Group, opened its second supermarket in Kenya on Thursday, 21 March 2019 at the Garden City Mall in Nairobi. With more than 2 700 stores in 15 African countries, the Shoprite Group’s business is built on the promise of lower prices. It is now looking …

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E-commerce Forecast to Rise to 24% of Card Spending

Source: www.rbrlondon.com Online card expenditure growing at double digit rates and will continue to increase significantly faster than card spending at physical outlets to account for nearly a quarter of all card expenditure by 2023 Cardholders moving away from physical outlets in search of lower prices and convenience Research from RBR …

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