Uganda’s retail sector impacted by exit of foreign investors from the economy

UGANDA – The government of Uganda has launched an investigation into the mass exodus of big foreign companies from the country, the latest being the planned divestment of Massmart’s Game store in the country. The probe also aims to finding out whether there is something government can do to avert any other similar exits and whether there are any other regional markets that are taking advantage of the situation. “We are studying this. I assigned my team to find answers to why each of these companies has exited, the likely…

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Distell’s Nederburg wines offers helping hand to South African restaurants

SOUTH AFRICA – South African wine, cider and spirits company, Distell, through its Nederburg wines brand has launched a campaign aimed to help the hospitality sector recover revive operations. Under the campaign dubbed #TastesOfSouthAfrica, Nederburg is spending close to R1m (US$70,300) to encourage diners to return to their favourite licenced eateries in a campaign primarily designed to boost the beleaguered restaurant sector, reports Bizcommunity. The brand is giving away R600,000 (42,000) in vouchers of the 150 restaurants they are working with nationwide, that can be redeemed at participating establishments during…

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