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.
Is the newfound confidence in Africa sustainable? Published by Patrice Rassou on 5 November 2010 The announcement that HSBC had terminated talks to purchase 70% of Nedbank was likened to being hit for six by an English batsman; it was quite unexpected and still difficult to rationalise after an extensive due diligence process.
African equity investment options set to expand Published by Imara Africa Securities team on 4 November 2010 Sub-Saharan Africa could well have another stock market joining its ranks next year, with the news that Lesotho is planning to open an exchange before the end of 2011, according to its finance minister Timothy Thahane.
Pick n Pay sees ‘upside potential’ in Zimbabwe Published by Staff Writer on 3 November 2010 South African retailer Pick n Pay confirmed yesterday that it had purchased another 24% of Zimbabwe operation TM Supermarkets, where it already has a 25% share, bringing its total shareholding to 49%.
Actis increases stake in West African power plant Published by Staff Writer on 2 November 2010 Actis, a private equity investor focused solely on emerging markets, has confirmed that its portfolio company, Globeleq, has acquired a majority interest in the Azito gas-fired power plant near Abidjan in Cote d’Ivoire.
Zim farmers trying to get Nigeria’s dairy industry going Published by Jaco Maritz on 1 November 2010 Selling fresh dairy products in Nigeria, a market hooked on powdered milk, is easier said than done.
Case study: Finance for Ugandan agri-processing business Published by Claude Harding on 1 November 2010 Uganda, like most African countries, is a net importer of staple foods. Unlocking the country’s agricultural potential means offering the right kind of finance to its farmers and agricultural businesses.
