While Alibaba widens its empire once again, this time acquiring a one-third stake in a Chinese discounter, India's e-commerce No 1, Flipkart, tries to keep the American competition off its heels with an extended product range. In the UK, Tesco is not the only retailer with a new price campaign as Morrisons and Lidl are following suit. Find out about these stories and more. Enjoy the read!
asia & Australia
Pre-christmas petrol battle For the first time since the Brexit vote, Morrisons lowers its petrol price to under GBP 1 this week. A move which comes only a week after the UK supermarket as well as its rivals Asda, Tesco and Sainsbury’s had all cut their fuel prices after several months of price hikes.
Dunnes moves to the top The strategy of the Dublin-based surpermarket to encourage larger shopping trips via its 'Shop & Save' promotional campaign has paid off as it has overtaken Supervalu as Ireland's largest supermarket retailer.
Bid for Nakumatt The Kenyan retailer, which announced earlier this month to sell off its Tanzanian unit might have found a buyer. Quality Group Limited, the country’s largest conglomerate has put in a bid for the 51% stake.
Trade zones (not) at work The Enugu Free Trade Zone in Nigeria is set to attract up to US$ 500 million dollars worth of foreign direct investments (FDI) from leading global manufacturing companies. Such an investment would create over 20,000 jobs across three major regions in the country +++ Trade within the East African Community (EAC) and beyond is at risk as Tanzania possibly refuses to sign the Economic Partnership Agreement (EPA) with the EU.