Shoprite is taking stock outside SA
SOUTH AFRICA – Continental retail kingpin Shoprite’s three top-performing countries outside South Africa are 80% stocked with non-South African products.
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.
Nairobi, Dar es Salaam set to join Africa’s Super 10 cities
AFRICA – Rapid economic growth, coupled with discovery of large deposits of oil and gas, are likely to see both Nairobi and Dar es Salaam join the top 10 “super cities” of Africa by 2030, according to a new report.
Nairobi, Dar es Salaam set to join Africa’s Super 10 cities
AFRICA – Rapid economic growth, coupled with discovery of large deposits of oil and gas, are likely to see both Nairobi and Dar es Salaam join the top 10 “super cities” of Africa by 2030, according to a new report.
Inventories fall 48% as made-in-Nigeria goods gain traction
NIGERIA – Inventories of finished goods in Nigeria’s manufacturing sector have been declining significantly in the last 12 months, showing that locally-made goods are doing better in local and international markets.
Cameroon robusta coffee exports rise to 14,094 tonnes in July, NCCB says
CAMEROON – Robusta coffee exports from Cameroon rose to 14,094 tonnes by end-July since the start of the 2013/14 season on December 1, versus 12,495 tonnes for the same period of the previous season, data from the National Cocoa and Coffee Board (NCCB) showed.
Cameroon robusta coffee exports rise to 14,094 tonnes in July, NCCB says
CAMEROON – Robusta coffee exports from Cameroon rose to 14,094 tonnes by end-July since the start of the 2013/14 season on December 1, versus 12,495 tonnes for the same period of the previous season, data from the National Cocoa and Coffee Board (NCCB) showed.
Cameroon robusta coffee exports rise to 14,094 tonnes in July, NCCB says
CAMEROON – Robusta coffee exports from Cameroon rose to 14,094 tonnes by end-July since the start of the 2013/14 season on December 1, versus 12,495 tonnes for the same period of the previous season, data from the National Cocoa and Coffee Board (NCCB) showed.
Local consumption saves coffee from erratic prices
KENYA – Increased coffee consumption in East Africa is providing a respite for farmers from erratic prices in the global market.
Local consumption saves coffee from erratic prices
KENYA – Increased coffee consumption in East Africa is providing a respite for farmers from erratic prices in the global market.
Local consumption saves coffee from erratic prices
KENYA – Increased coffee consumption in East Africa is providing a respite for farmers from erratic prices in the global market.
Private sector investment shoots rice production to 4m tons annually
NIGERIA – Massive investments in rice production by large and medium-sized corporations in the country have shot up annual domestic processed rice production to over four million metric tonnes valued at N800 billion, from 2.9 million metric tonnes valued N580 billion in the last two years.
Kenya races against time to beat EU deadline over fresh produce
KENYA – Kenya is racing against time to beat the September 30 European Union deadline for ensuring that horticultural produce meets stringent safety standards, failure to which the sector will suffer a severe blow.
KMC seeks international firm to modernise plant
KENYA – Crisis-ridden Kenya Meat Commission (KMC) is seeking an international firm to modernise its plant and machinery to be more efficient.
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.
Hunyani approves Nampak, MegaPak acquisition
ZIMBABWE – Hunyani shareholders today approved the acquisition of CarnaudMetalbox (CMD) and MegaPak through the issue of 389 446 655 shares to the existing CMB and MegaPak shareholders.
Tea agency loss of focus hurting small producers, says new report
KENYA – The Kenya Tea Development Agency has lost focus and adopted unclear mandate to the detriment of farmers, a new study says.
Govt acquires research vessel for NIOMR to boost local fish production
NIGERIA – The acquisition of a 10.1 million Euros research vessel for the Nigerian Institute of Oceanography and Marine Research (NIOMR) by the Federal Government is expected to boost Nigeria’s local fish production.
Sugar tax mooted to save lives and money
SOUTH AFRICA – A 20% tax on sugar-sweetened drinks could cut the number of obese South Africans by almost a quarter of a million, saving lives and money, local research has found.
Montana takes over Carswell Meats
ZIMBABWE – Montana 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
ZIMBABWE – Montana 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.
12 enterprises registered to process, fortify food- TFDA
TANZANIA – The Tanzania Food and Drugs Authority (TFDA) has registered only 12 giant enterprises to process and fortify food, despite the mushrooming of local food processors in the country.
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.