Egypt, the UAE, and Saudi Arabia’s markets led the growth of e-commerce in the Middle East and North Africa (MENA) region in 2020, with a total value of $22 billion, according to a white paper on the e-commerce in MENA launched by Wamda. The three countries together account for 80 percent of the MENA’s overall e-commerce market, according to the paper.
Africa-focused eCommerce company, Jumia, is looking to raise millions of dollars from investors by selling 9 million American depositary shares (ADS) and 18 million ordinary shares. The company made this filing on March 18, 2021.
Beverages blue chip Delta Corporation has achieved its plan to expand its multiple brands’ footprint into Manicaland province after a key regulator approved a transaction to take over Mutare Bottling Company (MBC) for an undisclosed amount.
International Holding Company launched in late February an AED 200 million facility to process, store and distribute a quarter of the seafood consumed in the UAE as the country aims to increase local food production.
Union Coop, the largest consumer cooperative in the UAE, has launched a new retail concept, offering chemical-free vegetables from Union Farm. The Dubai-based retailer said Union Farm aims to produce 16 varieties of organic vegetables with a production capacity of 15-20kg per day in near future.
In consulting the difference between high performing and "traditionnal"research functions has been widening over time. We identified 8 major trends shaping research. Some of them also apply beyond consulting...
The food major said the move was being made to keep pace with increasing demand for its products and to localize the production of some of its imported products. The expansion will increase total production capacity by 60 percent to over 11,000 metric tons as well as doubling poultry products capacity.
The CEO of Majid Al Futtaim Retail has revealed ambitious plans to open more than 100 Carrefour stores this year across the Middle East, Africa and Eastern Europe.
Coca-Cola Egypt plans to add new production lines and increase the number of its products in the local market during 2021, Masrawy cited Moataz Abdel Rahman, country manager of Coca-Cola on March 16th.
Saudi Arabia's Almarai, the Gulf's largest dairy company, said it had agreed to buy frozen bakery item manufacturer and producer Bakemart in the United Arab Emirates and Bahrain for an enterprise value of 93.5 million dirham ($25.5 million).
African payments company Flutterwave recently announced a collaboration with PayPal to allow PayPal customers globally to pay African merchants through its “Pay with PayPal” feature.
Hellopay, South African payments facilitator and the financial services arm of the Hello Group, and Mastercard today announced a partnership to roll out SoftPOS – a contactless acceptance solution that turns any NFC-enabled Android device into a physical point of sale.
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