Spar opens shop in Nigeria; Shoprite not fazed Published by Claude Harding on 25 August 2010 International retail network, Spar, has opened its first outlet in Nigeria according to a report in Business Day. Spar has partnered with Nigerian retail chain Park ‘n’ Shop, owned by the Artee Group.
Shoprite’s African expansion hit by lack of investment in property Published by Jaco Maritz on 24 August 2010 South Africa-based retailer Shoprite Holdings’ expansion into the rest of Africa was over the past year hampered by a lack of investment in retail space.
Chinese firm in talks to build high-speed rail project in South Africa Published by Staff Writer on 24 August 2010 China Railway Group is in talks with South Africa’s government to build a US$30 billion high-speed rail project.
Lower interconnection fees to impact Kenya’s mobile market Published by Imara Africa Securities team on 20 August 2010 The Communications Commission of Kenya (CCK) has cut mobile interconnection fees by 50% to encourage telecommunications companies to lower the cost of calls.
Southern Sun takes over operations of Nairobi hotel Published by Dinfin Mulupi on 19 August 2010 African hotel group, Southern Sun, has taken over operations of the Holiday Inn Nairobi, re-launching the city hotel as the Southern Sun Mayfair Nairobi.
Kenya Airways launches Angola route Published by Dinfin Mulupi on 17 August 2010 Kenya’s national carrier, Kenya Airways (KQ), has launched flights to Luanda, Angola.
Growing demand for retail space in Kenya Published by Dinfin Mulupi on 13 August 2010 The increasing purchasing power among Kenya’s growing middle class is driving demand for the construction of more shopping centres.
Japan to construct solar power plant in Botswana Published by Staff Writer on 12 August 2010 A one megawatt (MW) solar power station is set to be built in Botswana, the first of its kind in the country.
Bank rethinking agricultural finance in Zambia Published by Staff Writer on 10 August 2010 Twelve months ago financing agriculture in Zambia was not seen as a core offering of Standard Bank and not much attention was paid to it.
Famous Brands acquires Keg and McGinty’s Published by Staff Writer on 10 August 2010 South African restaurant group Famous Brands has acquired the franchise agreements, trademarks and intellectual property of the Keg and McGinty’s brands.
Absa’s Nigerian office ‘not a late entry’ Published by Claude Harding on 9 August 2010 South Africa-based bank Absa is opening a representative office in Nigeria in a move CEO Maria Ramos says is not a late entry into Africa’s most populous nation.
Legend starts with drilling at Cameroon iron ore project Published by Staff Writer on 4 August 2010 Australian mining and exploration company, Legend Mining Limited has announced that diamond drilling has commenced at its Cameroon iron ore project in west Africa.
Private equity fund invests in three Ecobank subsidiaries Published by Staff Writer on 4 August 2010 The Ecobank Group has announced that it has reached an agreement with Advanced Finance & Investment Group for an investment of US$14 million in three of its subsidiaries.
Portuguese lender eyeing Mozambique’s Moza Banco Published by Staff Writer on 29 July 2010 Banco Espirito Santo SA, Portugal’s largest publicly traded bank by market value, has signed a memorandum of understanding to acquire a 25% stake in Mozambique’s Moza Banco SA.