Year: 2014

Nakumatt invests Sh3.2bn in branch

TANZANIA – Regional retailer Nakumatt Holdings invested $2 million (Sh3.2 billion) in its new branch in Arusha as it seeks to double the formal retail penetration in East Africa in the next ten years.

Nakumatt invests Sh3.2bn in branch

TANZANIA – Regional retailer Nakumatt Holdings invested $2 million (Sh3.2 billion) in its new branch in Arusha as it seeks to double the formal retail penetration in East Africa in the next ten years.

Massmart leads fall in retail shares as consumers battle

SOUTH AFRICA – The JSE’s retail shares slumped on Wednesday, led by Massmart, which warned first-half earnings were expected to plummet as much as 29%, affirming the erosion of disposable income as consumers remain challenged by rising debt, increased living expenses and heightened unemployment.

Montana takes over Carswell Meats

ZIMBABWEMontana Meats has acquired a controlling stake in Masvingo-based Carswell Meats in a deal now before the Competition and Tariff Commission, The Herald Business can reveal. 

Montana takes over Carswell Meats

ZIMBABWEMontana Meats has acquired a controlling stake in Masvingo-based Carswell Meats in a deal now before the Competition and Tariff Commission, The Herald Business can reveal. 

Zambia Sugar ups EU exports

ZAMBIA – Zambia Sugar increased in sugar exports to the European Union (EU) to over 130,000 metric tonnes in the 2013/14 season from 121,000 tonnes last period.