Shoprite, Africa’s biggest food retailer, reported an 18,6% rise in first-half profit on Tuesday, helped by higher prices, a favourable exchange rate and above-inflation wage increases for consumers in South Africa, its main market. Click here to read more.
Elsewhere on Ventures
Business
- Tosin Faniro-Dada takes the helm of Endeavor Nigeria as its New Managing Director & CEO
- 9mobile and the Cherie Blair Foundation for Women partner to support Nigerian women entrepreneurs through the HerVenture app
- Union Bank to empower early-stage Startups through its innovation challenge
- Onde launches acceleration program for ride-hailing startups
Policy
- African finance heavyweights slated to make an appearance at The Africa Financial Industry Summit
- IMF backs Nigeria’s apex bank on the prohibition of cryptocurrency
- Tosin Faniro-Dada takes the helm of Endeavor Nigeria as its New Managing Director & CEO
- Global uptick in fertiliser prices could harm Africa’s farming season
Life
- Rising demand for migrant workers moves Kenya to vet employment agencies
- South Africa’s largest drug stores move to facilitate COVID-19 vaccine dispensary
- U.K’s Supreme Court rules in favour of Nigeria over Shell oil spillage dispute
- Why Rwanda has suspended its national carrier from flying to South Africa and Zimbabwe
Innovation
- Betty Kibaara discusses Rockefeller Foundation’s approach to nourishment, food security and agri development in East Africa
- Sib Imperial: The wellness and beauty hub tackling anxiety and insomnia with its products
- Dawit Abraham and Hiruy Amanuel discuss the future of award-winning mobile gaming studio, Qene Games
- Pickmeup Welcomes Tech Industry Veteran as Chief Technology Officer