The most recent International Monetary Fund regional economic outlook for sub-Saharan Africa projects an accelerated GDP growth of 6% in 2014 from around 5% in 2013.
By Nick Schilperoort 7 Feb 2014 08:28
Investment interest has grown in Africa's frontier markets this year and the region is set to become a key battleground for the luxury goods industry.
By Zeenat Moorad 27 Dec 2013 10:57
African markets to the northern parts of SA are proving lucrative for local fruit and vegetable retailers, with business accounting for at least 10% of turnover for the sector.
By Shannon Sherry 16 Aug 2013 11:15
E-commerce in Africa has grown dramatically over the past year, says Robin Philip of payment services provider PayGate, and is now in a position to support the massive consumer boom that's happening across the continent.
2 Jul 2013 09:46
Mozambique has promulgated Competition Law, 10 of 2013 (the Act), which will enter into force on 10 July, 2013. The Act applies to all economic activities in or having an effect in Mozambique, subject to certain exceptions.
By Emile Myburgh and Tamara Dini 5 Jun 2013 17:09
What is it about the brand you picked off the shelf, signed vehicle finance for or the network you subscribe to that defined your choice? The experience. Your experience. Experiential Marketing lives in the space where decisions are made.
Issued by Mo-Tseleng 22 May 2013 09:34
DHL Express, the global international express services provider, has expanded its network of DHL Service Points in sub-Saharan Africa from the initial 300 to over 1 000, in just a few short months.
25 Feb 2013 12:28
Microsoft has announced the opening of 21 web stores for apps and games across several African countries.
18 Dec 2012 12:19
Jet, reportedly the largest clothing retailer in Southern Africa with more than 321 stores across South Africa, Botswana, Lesotho, Namibia, Swaziland, has announced the opening of two new stores in Mozambique.
12 Dec 2012 10:01
SABMiller has taken its traditional African beer brand‚ Chibuku - which is manufactured using either maize or sorghum - into ten other continental countries‚ a move the company says is motivated by its "affordability" and "product innovation" strategies.
By Billy Tawanda Karombo 11 Oct 2012 10:35
Africa's top bankers gathered in Arusha, Tanzania, to celebrate the 6th edition of the African Banker Awards, under the patronage of the African Development Bank (AfDB). Olusegun Agbaje, managing director of Guaranty Trust Bank, Nigeria scooped the prize for African Banker of the Year.
31 May 2012 13:20
The African Banker Awards has released the shortlist of nominees for the 2012 competition. The winners will be announced at an awards ceremony on 30 May 2012, which makes its debut in Africa. This year's event coincides with the annual African Development Bank (AfDB) meetings in Arusha, Tanzania
24 Apr 2012 16:14
The approval of the Wal-Mart/Massmart deal will go down as the highlight of the retail sector in 2011.
By Zeenat Moorad 6 Jan 2012 08:19
NEW YORK, US: Global online consumer confidence fell for the seventh consecutive quarter as confidence in 31 of 56 global markets measured declined, according to from Nielsen, a leading global provider of insights and analytics into what consumers watch and buy.
9 Nov 2011 09:36
TransUnion, a global credit and information management organisation, has acquired majority shareholding in CRB Holdings Limited, signifying its bold expansion steps into Africa.
By Gregory Gondwe: @Kalipochi 28 Oct 2011 11:19
Fresh Living, the food magazine on South African shelves, continues to expand on its African footprint as it goes on sale this month in Mauritius.
10 Oct 2011 11:27
Mozambique's newest privately-owned full service bank, Banco Único, opened its doors to the public this week as a sign to further confide in foreign investors interest of the country and in southern Africa's growth potential.
1 Sep 2011 13:56
The African Banker Awards have released the shortlist of nominees for the 2011 competition. The winners will be announced at the awards ceremony on the 23rd September in Washington DC, during the World Bank/IMF meetings.
26 Aug 2011 10:58
CAPE TOWN: Pick n Pay announced on Thursday, 23 June 2011, the opening of its first Mozambican store in Maputo which will extend its African footprint. The company plans to open a further two stores later this year and is seeking more opportunities across the country.
23 Jun 2011 11:45
CAPE TOWN: The first phase of setting up a free trade area across 26 countries in Africa is expected to come into effect in three years, trade and industry minister Rob Davies said on Monday, 13 June 2011.
14 Jun 2011 12:00
A billion Africans and 50 million bank accounts. In South Africa, credit cards are used by only 16.5% of the population (2008). No African country comes close to 1% of total retail spend spent online - the magic figure which constitutes the tipping point for digital retail growth. No wonder, then, that the ecommerce market in Africa hasn't bloomed.
By Herman Manson: @marklives 12 May 2011 18:55
MAPUTO: Mozambique will hike food and fuel prices but will offer other aid to the poor in the hope of staving off north Africa-style protests or a repeat of deadly riots last year, an official said on Wednesday, 30 March 2011.
31 Mar 2011 09:36
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 11:00
Retailer Pick n Pay on Monday (8 November 2010) announced that it had signed a franchise territorial agreement with retail franchising group Retail Masters in Mozambique to further extend its African footprint.
9 Nov 2010 08:39
South African retail giant Pick 'n Pay has signed an agreement with a franchise partner in Mozambique, with stores planned in Mozambique before the end of the year.
8 Oct 2010 07:05
Shipping and logistics group Grindrod said on Wednesday (29 September 2010) it will pass on the costs of dredging of the access channels, basins and berths in the Port of Maputo to port users.
29 Sep 2010 06:56
MAPUTO: Mozambique will reverse an increase in the price of bread that sparked deadly rioting last week, and restore some subsidies for electricity and water, the planning minister said on Tuesday (7 September 2010).
9 Sep 2010 09:54
JHI Real Estate Mozambique, a subsidiary of JHI property services, recently opened a further branch office in Matola and is now looking to expand to other key growth areas in the region. According to Wayne Wright, business development director for JHI property services, retail development in Mozambique is set to increase significantly over the next few years.
27 Jul 2010 08:02
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 08:43
Following the first two pilot retail stores, Mozambican cellular operator, mcel has reappointed international branding company, HKLM to continue the retail roll-out with the design and shop-fitting of a further 15 outlets.
29 Jan 2010 07:29
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