Tag: Business

Telemedicine startup Guidepost raises funding to help its business

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SOUTH AFRICA – Guidepost, a diabetes health and insurtech and telemedicine startup, has raised an undisclosed amount of further funding to help it increase its impact. The startup, which also allows insurers to significantly better manage their diabetes risk, raised funding from Rand Merchant Investments (RMI) through AlphaCode in November of last year, and has now secured additional funding from the same company as well as from investment fund Endeavor. “COVID-19 is far more serious for people with chronic conditions like diabetes and hypertension,” said Professor David Segal, chief medical…

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AB InBev to invest US$400m in Nigerian unit expansion programme

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NIGERIA – World’s largest beer maker, Anheuser-Busch InBev (AB InBev) has said it expects its total investment in the newly built Sagamu Brewery in Nigeria to hit US$400 million. Speaking during a media briefing in South Africa, the company’s chief executive officer, Carlos Brito, said that the investment is expected to improve the firm’s performance in the Nigerian market. He said that the US$250 million brewery has already started operation and capacity will be expanded in phases, but however did not provide a timeline for the next phase. “Nigeria is…

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Jumia Partners Pizza Hut to boost operational performance in Nigeria

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NIGERIA – Jumia, leading e-commerce player in Africa, through its Food Marketplace division has entered into an on-demand pizza delivery partnership with Pizza Hut in a bid to boost operational performance and last mile delivery in Nigeria. Tony Ozanne, chief executive at Marathon Restaurant Africa, which manages and operates Pizza Hut in Nigeria, added that the partnership will play a key role in expanding Pizza Hut’s operation in the country. As a new entrant into the country’s fast food sector, the franchisee of Yum Restaurants International operates three physical outlets…

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Zimbabwe’s Simbisa Brands to invest US$10m in expansion plan

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ZIMBABWE – Simbisa Brands, a leading quick service restaurant based in Zimbabwe, has unveiled plans of investing US$10 million in setting up to 21 new outlets across the country. According to Warren Meares, Managing Director at Simbisa Brands, the expansion plan is part of the group’s efforts to secure a wider market share in the country, report by NewsDay. The group has embarked on the plan which is marked by its recently opened restaurants, Pizza Inn branch and second Chicken Inn branch in Gwanda, Zimbabwe, at an investment worth about US$500…

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