Bolt to Invest Over €500 Million in Africa Over Next Two Years as It Surpasses 1 Billion Rides on the Continent

Bolt, the leading mobility app in Africa, has announced plans to invest €500 million in its operations on the continent over the next two years. The funds will be used to expand Bolt services in Africa and create opportunities for over 300,000 new drivers and couriers to join the platform in 2023. Having launched in

Nestlé Partners With Africa Food Prize to Strengthen Food Security and Climate Change Resilience

Nestlé announced today that it is partnering with the Africa Food Prize to help accelerate the transformation of food systems in Africa, as a way of strengthening the continent’s food security and building greater climate change resilience. The Africa Food Prize awards USD 100,000 to individuals and institutions that are pioneering agricultural and food systems

The effects of ”lights off” for the retail industry

As we flip flop between candles powering up and diesel drumming to a now common beat – with the longest run of loadshedding in South Africa recently under our belts – the massive impact this has had on business has been nothing less than debilitating leaving our economy in a precarious position. With loadshedding recently

Zipline and Jumia Join Forces to Pioneer Drone Delivery of Thousands of Products to Homes Across Africa

World’s leading clean, eco-friendly, automated, on-demand and instant logistics service will serve Jumia’s consumers upon launch Jumia (NYSE: JMIA), the leading e-commerce platform in Africa, and Zipline, the world’s largest instant delivery service, announced today a collaboration to deploy automated, on-demand delivery for e-commerce in Africa. Pilot program and testing were launched a few months

TradeDepot Acquires Accra-based Green Lion to Accelerate Expansion Across Ghana

TradeDepot, the leading B2B eCommerce and embedded finance platform in Africa, has announced the acquisition of Green Lion, the biggest and fastest growing B2B eCommerce platform in Ghana, to accelerate the delivery of its services across the country. Founded in 2018, Green Lion has been committed to revolutionising access to essential goods and services, and

Woolworths Achieves 100% Responsibly Sourced Cocoa Target

Chocolate, often referred to as the ‘food of the gods’, is undoubtedly one of our most favourite indulgent treats. But in recent years, as global supply chains have become more transparent, long-standing issues in the cocoa farming industry have come to light, including deforestation and the generational impoverishment of cocoa farming communities. Cocoa is a

Smollan | What Retailers Need to do to Succeed in the African Market

Africa can be a challenging place to do business from infrastructure issues, complex compliance, fragmented markets and dispersed populations and particularly post pandemic, harder lives for ordinary people. One cannot ignore those who have gone before with Massmart announcing earlier this month the sale of Game stores in Kenya, Nigeria, Ghana, Uganda, and Tanzania, citing

Women Entrepreneurs Lead the way in Digital Presence, According to Mastercard SME Research in Middle East and Africa

81% of women entrepreneurs across the Middle East and Africa have a digital business presence according to Mastercard MEA SME Confidence Index Latest research by Mastercard highlights high digitalization among women-owned businesses as opportunity for broader SME recovery and digital economy growth Despite the gender gap and social challenges, entrepreneurial women across the world and

79% of Ghanaian Consumers are Shopping More Online Since the Start of Pandemic, Reveals Mastercard Study

A Mastercard study on consumer spending* has revealed that nearly four out of five (79%) surveyed consumers in Ghana are shopping more online since the onset of the COVID 19 pandemic. Data, apparel, beauty products and other FMCGs (fast-moving consumer goods), have seen the highest surge of online activity. More than 90% of Ghana consumers

phos and Stanchion Collaborate to Connect Merchants in Africa to the Contactless Digital Payment Ecosystem via their Existing Android Mobile Devices

Partnership is a game-changer in enabling contactless acceptance for smaller merchants across the continent phos, the fintech behind the first-ever software-only Point of Sale (SoftPOS), and Stanchion Payment Solutions, a global specialist in payments systems and integration, today announced that they have partnered to help payments processing companies and banks to accelerate time to market

Mondia and Jumia Launch Exciting New Gaming Service on JumiaPay App for Consumers in Africa

Mondia (, a leading technology company which specialises in the marketing and distribution of digital content and Jumia (NYSE : JMIA) (, Africa’s largest e-commerce platform, today announced the launch of Jumia Games, a competitively priced entertainment category on the JumiaPay App. In its first phase, the fully branded gaming portal is available in five

SPAR in Ghana to Donate to Food for All Africa

Ecodi Ghana, SPAR’s Partner in Ghana, is donating food and non-food items through the Food for All Ghana Food Bank to feed vulnerable families and community charities across the country. At an official MOA signing ceremony on Friday 14 August, João Rente Correia, General Manager of Ecodi Ghana, expressed the brand’s commitment towards ensuring shared value

SPAR Announces Further Expansion in Africa with Launch in the Republic of Ghana

SPAR, the world’s largest food retail voluntary organisation, with a presence of over 13,300 stores in 48 countries worldwide, has today announced further expansion in Africa with the launch of the brand in the Republic of Ghana. The development will see the conversion of 17 existing supermarkets in and around the capital city Accra. Future

Uber Launches its Largest Region-Wide Initiative in Partnership with Mastercard to Provide 120,000 Free Trips to Frontline Workers in the Middle East and Africa

The partnership with Mastercard is setting the benchmark for Uber across the MEA region. Our teams are working 24/7 to assist health and medical care authorities as well as workers supporting our communities in responding to the pandemic. We have partnered with Mastercard, who have committed 120,000 free trips and meals to workers who are

COVID-19: Jumia & Mastercard Incentivize Consumers to use Cashless Payments for Essential Products in Africa

Jumia, Africa’s leading e-commerce platform and Mastercard today announced a partnership to incentivize the use of cashless payments platforms as people look for safer ways to pay in the wake of the COVID-19 pandemic. Through this initiative, consumers who purchase essential products using their Mastercard on the Jumia platform will receive up to a 10

More in Store for African Retail & Consumer Businesses

Africa’s economy has seen modest growth in the wake of falling commodity prices, slowing revenues and volatile currencies. The moderation in growth impacts a range of industries and sectors, including retail and consumer products that must contend with rising costs, and a fall in prices. Despite the decline in growth, the long-term outlook remains positive.

6 Sites Driving eCommerce in Africa

eCommerce in Africa is booming but that doesn’t leave out any struggles which include uncertainty around receiving orders satisfactorily. There are currently 65.4 million eCommerce users in Africa and the Middle East, with an additional 20 million users expected to be shopping online by 2021. When it comes to eCommerce sales in Africa, three of

GCB Boosts COCOA Purchasing With Over 30 Trucks

GCB Bank Limited has financed the purchase of over 30 duty vehicles for the carting of cocoa from the hinterlands to the ports. The vehicles include 30 Howo light duty and 10 heavy duty trucks as well as tractors with trailors for unmotorable roads. A ceremony to hand over the trucks to Royal Commodities Limited,