Cross Switch and Pesawise Unite to Power Seamless Retail Payments in Kenya

Posted on by africanretailteam | 451 Views | 16 min read

Cross Switch, a provider of class-leading payment solutions, has strengthened its African presence by officially launching services in Kenya and partnering with licensed local payment provider Pesawise. This collaboration makes the most of Pesawise’s solid regulatory standing and trusted reputation, allowing Cross Switch to establish it’s footprint and, together with Pesawise, immediately deliver robust payment

First SPAR Supermarket Opens its Doors in Rwanda

Posted on by africanretailteam | 713 Views | 9 min read

The license to operate the SPAR brand exclusively in Rwanda was granted to a local retail business – Sawa Citi. The first SPAR branded store has now opened in the suburb of Nyarutarama, located in the Rwandan capital city of Kigali. Entry into the Rwandan marketThe introduction of the internationally recognised SPAR brand to Rwanda

Coca-Cola Beverages Africa invests USD14.9m in Malawi production capacity

Posted on by africanretailteam | 1122 Views | 7 min read

Coca-Cola Beverages Africa Proprietary Limited (CCBA) (www.CCBAGroup.com), through its subsidiary Coca-Cola Beverages Malawi Limited (CCBM), has invested USD14.9 million in a new state-of-the art production line in Lilongwe.  This investment marks a significant advancement in CCBM’s production capacity, allowing it to produce bottled water and beverages bearing Coca-Cola’s trademarks as well as the iconic local

Twiga Foods Buys Three Distributors Amid Turmoil

Posted on by africanretailteam | 1288 Views | 20 min read

This article was originally published here. In a bold but controversial pivot, Kenyan agritech company Twiga Foods has acquired majority stakes in three local distributors — Jumra, Sojpar, and Raisons — as it accelerates its transition from a farm-fresh produce supplier into a full-service fast-moving consumer goods (FMCG) platform. While the move signals Twiga’s ambition to cement its place

Bhunjun Group to Lead Engen Mauritius into a New Chapter

Posted on by africanretailteam | 1808 Views | 9 min read

The Bhunjun Group is pleased to announce that it has reached an agreement with Vivo Energy toacquire Engen’s operations in Mauritius. This milestone transaction marks a new era for the business, providing a strong foundation for growth, innovation, and continued excellence in serving Mauritian customers. On completion of the transaction, Bhunjun Group – through its

Counties Partner to Transform the Informal Dairy Sector

Posted on by africanretailteam | 1457 Views | 19 min read

How do we get more safe milk into Kenyan homes while helping informal dairy vendors grow stronger businesses? This is the question driving More Milk for Lives and Livelihoods 2 (MoreMilk 2), a new county-led initiative by the Kenya Dairy Board (KDB) and the International Livestock Research Institute (ILRI). Between 25 March and 2 April 2025, the

Bayer Opens Maize Seed Facility in Zambia

Posted on by africanretailteam | 2531 Views | 19 min read

Bayer has announced the opening of a new maize seed facility in Kabwe, Zambia. Through the 32-million-euro facility alongside further investments in organization and the grower network, Bayer triples its existing capacity for high-quality maize seed production in the country in 2025. This capacity ultimately converts into annual maize consumption of approximately 30 million people

Malawi Launches Digital Portal to Streamline Trade and Expand Market Access

Posted on by africanretailteam | 2632 Views | 18 min read

The Malawi Confederation of Chambers of Commerce and Industry (MCCCI), in collaboration with TradeMark Africa (TMA), has today launched the Single Digital Platform (SDP), a digital solution that automates MCCCI’s trade facilitation and membership management processes to enhance service delivery for businesses. The launch was officiated by Malawi’s Minister of Trade and Industry, Hon. Eng.

AGRA and Rwanda Launch Food Innovation Hub to Support Farmers

Posted on by africanretailteam | 2720 Views | 8 min read

The Rwandan Ministry of Information Communication Technology and Innovation has partnered with the Alliance for a Green Revolution in Africa (AGRA) to establish a Food Innovation Hub aimed at strengthening food systems across the continent. The initiative seeks to support smallholder farmers, improve access to markets and financing, and enhance agricultural systems to increase food

Vivo Energy Zambia Partners with VP’s Office to Restore Kanakantapa Livelihoods

Posted on by africanretailteam | 3757 Views | 12 min read

Vivo Energy Zambia, the company that distributes and markets Engen fuels and Shell lubricants in Zambia, is proud to announce its collaboration with the Office of the Vice President of Zambia in launching the Tree Restoration Project in Kanakantapa Resettlement Scheme, Chongwe District. This initiative marks a significant step towards environmental sustainability and the restoration

Invictus Investment Acquires Mozambique’s Largest Flour Miller Merec Industries

Posted on by africanretailteam | 5073 Views | 14 min read

Invictus Investment Company Plc (ADX: INVICTUS), a leading agro-food enterprise in the Middle East and Africa, today announced it has completed the acquisition of Merec Industries, Mozambique’s largest flour milling company. The deal was made through the purchase of Merec Industries’ holding entity, Stratton Africa Holdings Limited, Mauritius, from current shareholders Amethis Fund II and

Sevi Set to Revolutionize African Retail Financing with ‘Stock Now, Pay Later’ Platform

Posted on by africanretailteam | 5245 Views | 6 min read

Sevi, a fintech company regulated by the Central Bank of Kenya, is revolutionizing stock financing for wholesalers and retailers through its “stock now, pay later” platform. Sevi addresses the challenge of insufficient working capital by providing users with access to credit while ensuring suppliers are paid upfront. With Sevi, suppliers like Coca-Cola, Anytime and Philmed

Neosun Energy Expands to Kenya Bringing Affordable Solar Power to Local Enterprises

Posted on by africanretailteam | 6096 Views | 9 min read

Neosun Energy, a global leader in solar energy solutions, has officially entered the Kenyan market. This expansion aims to provide cost-effective and sustainable energy solutions for commercial and industrial (C&I) projects, with system capacities ranging from 200kW to 10MW, tailored to help local businesses with affordable solar solutions. The company brings its expertise in constructing

Jumia, the African Online Retailer, Is Set to Exit South Africa and Tunisia.

Posted on by africanretailteam | 20402 Views | 7 min read
Jumia

Jumia, the Africa-focused e-commerce retailer, will close its South African online fashion platform Zando and its Tunisian operations by year-end to concentrate on other markets, the CEO told Reuters. Jumia is aggressively cutting costs to try to turn profitable, including by reducing head count, exiting everyday grocery items and food delivery and cutting delivery services

IFC and Absa Provide Trade Facility to Valency to Support Thousands of Farmers in Africa

Posted on by africanretailteam | 17123 Views | 11 min read
IFC

IFC, a member of the World Bank Group, and Absa Group Limited, a South Africa based bank, acting through its Corporate and Investment Banking division (Absa), will provide a commodity trade finance facility to Singapore-based Valency International Pte Ltd, a key player in Africa’s agricultural commodities market, to support the company’s pre-export of agricultural commodities

Prime Opportunity for Private Equity Funds to Rescue African Retail Companies

Posted on by africanretailteam | 17688 Views | 25 min read

By Tobie Jordaan and Jutami Augustyn, Partners, and Paras Shah, Kenya Managing Partner, BowmansThe retail sector in South Africa has experienced significant distress in the last year, with several high-profile retail businesses entering business rescue proceedings. Retail giants like AutoZone, West Pack and Cross Trainer, for example, have all recently entered business rescue, highlighting the

Wasoko & MaxAB Complete Landmark Merger

Posted on by africanretailteam | 12282 Views | 17 min read

Africa’s Largest Tech Merger Fuels Groundbreaking Expansion From E-Commerce to B2B Digital Services Platform African B2B e-commerce pioneers Wasoko and MaxAB have completed the continent’s largest-ever tech merger following the signing of preliminary terms in Q4 2023. Conducted as an all-stock transaction, the deal establishes a truly Pan-African platform for communities to access essential digital

“Tu-Sort Garage NA Shell Lubricants” Promotion Empowers Mechanics Countrywide

Posted on by africanretailteam | 10098 Views | 6 min read

Tu-sort Garage na Shell Lubricants is a countrywide promotion that is empowering garage owners and mechanics by rewarding them with an upgrade of tools at their locations to elevate their workspace and educate them on genuine Shell Lubricants. The mechanics and garage owners can register by dialing 459200# and following the prompts to participate in

Localisation of NESCAFÉ Coffee Mixes at Nestlé Babelegi Supports Economic Development and Job Creation

Posted on by Initiator | 42802 Views | 12 min read

Nestlé South Africa announced its investment in localising the production of NESCAFÉ coffee mixes (namely the NESCAFÉ Gold range, which includes Cappuccino Original, Cappuccino Original Reduced Sugar, Cappuccino Salted Caramel Latte, Cappuccino Vanilla Latte, Cappuccino Hazelnut Latte, and Cappuccino White Chocolate) and NESCAFÉ RICOFFY 3in1, marking a significant milestone in the company’s commitment to meeting