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Getting a feel for the luxury market in Africa

Prestige marketing isn't just about classy shots of high-end products - you still have to follow the tried and trusted marketing methods that make people relate to your brand, especially on the continent...

By Leigh Andrews 28 Jul 2015 14:00

Shoprite to open store in Tete, Mozambique

Africa's largest food retailer, Shoprite, is opening a new store in the Town of Tete, Mozambique later this year. Property development company, Terrace Africa, confirmed Shoprite as their anchor tenant and indicated that the new shopping centre will also feature many other well-known retailers...

20 Aug 2015 14:06

Shoprite to open store in Tete, Mozambique

Shoprite is to open a new store in the town of Tete, Mozambique later this year. The property development company Terrace Africa has confirmed Shoprite as its anchor tenant and indicated that the new shopping centre will also feature many other well-known retailers...

20 Aug 2015 15:15 performs 30% better than forecasted

MOBOfree, the African social marketplace, has announced a 274% year-on-year increase in the total value of goods on its platform in Nigeria. The current value of goods is $1.97 billion (394 billion NGN), up from $526 million (102.5 billion NGN) last year, outperforming the forecasted growth rate for 2015 by 30%...

17 Aug 2015 09:00

Nestlé first half profit slips on strong Swiss franc

ZURICH - Swiss food giant Nestlé announced on Thursday slightly lower first half profits compared to last year, with the strong Swiss franc and Maggi instant noodles recall in India undercutting robust sales...

14 Aug 2015 10:50

Alibaba takes hit as growth cools

NEW YORK - Chinese e-commerce giant Alibaba turned in a disappointing quarterly report on Wednesday showing sales growth cooling...

14 Aug 2015 10:30

Adidas reports higher sales, modest profit rise

BERLIN - German sportswear and equipment maker Adidas on Thursday reported higher sales and a slight profit rise for the second quarter, despite falling revenues in its golf division...

11 Aug 2015 09:40

E-commerce may create 50,000 jobs in Nigeria

As e-commerce expands aggressively across Nigeria, the sector may help create over 50,000 jobs within the country in two to three years, according to the MD of Evangeline Wiles...

31 Jul 2015 14:10

Gaby's Earth Foods nuts about health!

TLC Marketing Worldwide-Africa sat with Adriano Salgado, the new director of family-run business, Gaby's Earth Foods, to find out how he is adjusting to the role and what he has planned for the company going forward...

Issued by TLC Marketing Worldwide 30 Jul 2015 13:48

Amazon wants air space for delivery drones

SAN FRANCISCO - Online retail colossus Amazon wants to carve out a special zone of the sky to shuttle commercial drones that would deliver goods to its customers...

30 Jul 2015 12:00

Retail, consumer confidence remains positive: Capco

Capital & Counties Properties (Capco) provides a rosy forecast, saying the outlook for retail and consumer confidence remains positive...

30 Jul 2015 10:45

Amazon rallies as investors celebrate profits

NEW YORK - Amazon shares shot to record levels on Friday after a blowout earnings report seen as a potential watershed for the US online giant...

27 Jul 2015 08:00

Amazon shares surge after surprise profit report

SAN FRANCISCO - Amazon shares rocketed higher on Thursday after the online giant surprised the market by swinging to profit in the second quarter amid surging sales...

27 Jul 2015 07:40

Coca-Cola earnings rise despite dollar drag

NEW YORK - Coca-Cola reported higher quarterly profits on Wednesday as increased sales in North America offset lower revenues overseas due in part to the strong dollar...

24 Jul 2015 11:40

US firm takes over Nettcash

A United States based mobile payments firm, Mozido, said yesterday it has acquired a majority stake in Zimbabwean firm NettCash, which also runs similar operations, as part of its expansion programme.

23 Jul 2015 15:04

EU opens probe into Rexam beverage can takeover

BRUSSELS, BELGIUM: The EU's competition regulator opened an in-depth probe on Monday into the proposed takeover of Rexam, the British maker of beverage cans, by US peer Ball Corporation in an offer worth £4.3 billion ($6.6 billion; €5.8 billion)...

22 Jul 2015 10:00

PayPal jumps in first trades after spinoff

NEW YORK - Shares in PayPal jumped on Monday in the first day after being spun off by eBay, with the online payments group seeing a market value higher than its former parent...

21 Jul 2015 10:20

Authors urge US antitrust probe of Amazon

SAN FRANCISCO, USA: Authors and booksellers are urging US antitrust officials to investigate whether online retail titan Amazon is abusing its considerable power to the detriment of readers, following a similar move in Europe...

15 Jul 2015 09:55

Zimbabwe retailers lose out to desperate street vendors

HARARE - The cries of street vendors have become the soundtrack to Zimbabwe's collapsing economy as increasing numbers of the unemployed try to eke out a living, leaving shopkeepers - and the taxman - poorer...

13 Jul 2015 11:10

SSA industrial adhesives market growing faster than traditional markets

Since 2000, the sub-Saharan African (SSA) economy has more than trebled in size. Despite some challenges, the region is expected...

By Constance Nyambayo 13 Jul 2015 10:23

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