Year: 2014

Nakumatt targets NSE, Dar and Kampala listings

KENYA – Nakumatt Supermarkets has announced plans to list on the Nairobi Securities Exchange and neighbouring stock markets within the next three years, offering investors a chance to own a piece of the region’s biggest retailer valued at Sh35 billion ($400 million).

Trade row pits Kenya against Egypt

KENYA – Kenya and Egypt are headed for a trade dispute that could affect the former’s tea exports following allegations that Cairo is importing sugar from Brazil and exporting it to Kenya as its own after repackaging.

International Breweries Q1 profit surges 32.46%

NIGERIAInternational Brewery Nigeria (IBN) PLC, which has been consistently improving its operational performance since SABMiller acquired a majority stake in the company two years ago, saw its profit surged by 32.46 percent, for the three month period ended June 2014.

HOLFA to set up $100m full-scale dairy farm in Nigeria

NIGERIAThe Nigerian Holstein Farm Project (HOLFA) has announced plans to establish the first full-scale industrial dairy farm in Nigeria, with the signing of a memorandum of understanding (MoU) by NigerPars Nigeria Limited, the Iranian Research Organisation for Science and Technology (IROST) and the Holstein Association of Iran.

HOLFA to set up $100m full-scale dairy farm in Nigeria

NIGERIAThe Nigerian Holstein Farm Project (HOLFA) has announced plans to establish the first full-scale industrial dairy farm in Nigeria, with the signing of a memorandum of understanding (MoU) by NigerPars Nigeria Limited, the Iranian Research Organisation for Science and Technology (IROST) and the Holstein Association of Iran.