Property: Why the town of Takoradi is Africa’s next big opportunity Published by Claude Harding on 15 November 2010 Takoradi, a small coastal town on Ghana’s west coast, is emerging as one of the new hotspots for African property developers.
US firm signs $15.4 million funding deal for Zambia safari lodge Published by Claude Harding on 15 November 2010 Orlando-based Capital Corp Merchant Banking has announced it has signed a formal investment proposal with Zambia’s Playland Limited to create the Cresta Mukuni Safari Lodge Victoria Falls.
Zambia to build 12,000 houses through public-private partnership Published by Staff Writer on 13 November 2010 The Zambian government has announced a programme to build a minimum of 12,000 housing units across the country.
Exclusive interview: The woman behind M-PESA Published by Jaco Maritz on 11 November 2010 In an exclusive interview with How we made it in Africa, Susie Lonie talks about how M-PESA’s success surpassed her own predictions and shares her thoughts about the future of mobile banking in Africa.
Immigrant township traders becoming a force to be reckoned with Published by Jaco Maritz on 10 November 2010 Immigrant traders operating in South Africa’s townships are becoming more competitive, said Gill Mkhasibe, managing director of The Alternative Consultancy.
PTA Bank raises $300 million Eurobond Published by Staff Writer on 10 November 2010 The Eastern and Southern African Trade and Development Bank (commonly known as PTA Bank), Standard Bank (the parent bank of CfC Stanbic) and HSBC have raised Ksh24 billion (US$ 300 million) through issuance of a Eurobond.
Zambia: Shoprite investigated over alleged anti-competitive behaviour Published by Staff Writer on 10 November 2010 South Africa’s Business Day newspaper yesterday reported that Shoprite is being investigated by Zambian competition authorities.
Kenyan fuel retailer scouting for opportunities in Zimbabwe, Mozambique Published by Claude Harding on 10 November 2010 Kenyan fuel retailer KenolKobil has finalised plans to open an office in Zimbabwe effective 1 January 2011.
Nakumatt boosts its presence in Uganda Published by Regina Ekiru on 9 November 2010 Kenyan supermarket retailer Nakumatt Holdings has opened its second 24 hours store in Uganda and announced that it will invest US$1.2 million in the country as part of an expansion drive.
M-PESA registers 21,000 users in South Africa Published by Staff Writer on 8 November 2010 M-PESA currently has 21,000 registered users in South Africa, Vodacom CEO Pieter Uys said in a radio interview with Moneyweb.
Pick n Pay moves into Mozambique Published by Staff Writer on 8 November 2010 South African supermarket group Pick n Pay announced today that it had signed a franchise territorial agreement with retail franchising group Retail Masters in Mozambique to further extend its African footprint.
Nigeria: Lagos apparently better than Abuja for business Published by Staff Writer on 8 November 2010 Foreign business people should think twice before deciding to promote their products in Nigeria’s capital Abuja instead of Lagos.
Could indigenisation laws spark a wave of listings on the ZSE? Published by Imara Africa Securities team on 7 November 2010 While the adoption of a multicurrency regime in Zimbabwe has provided some form of respite for local companies, the key restraint relates to the general lack of liquidity.
Good news for investors as Zimbabwe plans a blackout-free future Published by Claude Harding on 5 November 2010 Zimbabwe has a master-plan to ensure power supply constraints don’t put a brake on the country’s strategy for sustained economic growth.