Last year may have been a difficult year for retail in Africa but consumers still came in droves to Shoprite, which reported double-digit sales growth on the continent in the six months to December…
19 Jan 2017
The International Fund for Agricultural Development (IFAD) has signed an agreement for a US$90.6 million loan to Tanzania that will aim to enhance access to rural financial services and markets and promote private-sector development in the country, the United Nations rural poverty agency announced.
14 Mar 2011
Engen has concluded its purchase of two more country operations from Chevron in Africa and the Indian Ocean islands in Mauritius and Tanzania. This brings to five the number of successful acquisitions from its competitor, in terms of a package of seven sales and purchase agreements signed in August 2010.
14 Feb 2011
NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.
27 Jan 2011
DAR ES SALAAM: Global fertiliser company Yara International ASA launched its US$20 million investment into a new fertiliser terminal by the port in Dar es Salaam.
17 Jan 2011
NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.
27 Oct 2010
Game Stores has come a long way since it opened its first store in Durban in 1970 in cramped premises in the city's CBD, ringing up sales of R78 000 in its first month of trading. Its founders believed that shopping had become a tedious and boring pastime. They wanted to create a fun shopping environment and so conceptualised retailing as a game. The signature bright pink prevails to this day.
19 Jul 2010
The National Bank of Commerce (NBC), the Absa Group's Tanzania- based subsidiary, has announced the appointment of Lawrence Mafuru, as the new MD with effect from June 2010.
9 Jun 2010
Global brewing giant SABMiller said on Thursday, 25 February 2010, that group companies SABMiller Africa BV and Tanzania Breweries Limited (TBL) have agreed an amicable settlement of their dispute with East African Breweries Limited (EABL), a member of the Diageo plc group, relating to the Tanzanian beer market.
25 Feb 2010
Alcohol producer and distributor Distell is spearheading a viticultural initiative in Tanzania expected to enable wine farmers in the Dodoma highlands to double their crops within three to five years — and may yet be developing a feasible model for rolling out vineyard productions across sub-Saharan Africa.
18 Aug 2009
Barclays Plc has announced that it would be sponsoring three Mandela Rhodes Scholarships permanently as part of its contribution to the development of homegrown leaders in Africa.
26 Aug 2008
Mother of five, Rose Mueni, used to eke out a living selling fruit in Nairobi's sprawling Kibera slum before her home and stall were torched in the post-election violence that engulfed the settlement on the night of 30 December.
4 Jan 2008