Last year may have been a difficult year for retail in Africa but consumers still came in droves to Shoprite, which reported double-digit sales growth on the continent in the six months to December…
While Ethiopia's Rift Valley wine is targeting more experienced wine drinkers, foreigners and high-end restaurants, its Acacia range is aimed at an emerging Ethiopian wine-drinker…
SBV Services, who has been providing its cash operations services to the Nigerian market for over five years, is also active in Lesotho with plans being afoot to extend its footprint further into Africa, including Uganda and Namibia.
10 Jul 2012
The Foschini Group Limited (TFG) is set to open its first two stores in Lagos, Nigeria as part of its expansion into Africa. As a fashion lifestyle retailer on the continent, TFG already has 87 stores outside South Africa and entry into the Nigerian market fits into plans to increase this to at least 143 stores by 2015.
9 Jul 2012
Sony Music Entertainment Africa has partnered with MComm, a Nigerian entertainment and value added service provider, to officially bring Usher Raymond's new album Looking 4 Myself to Nigerian shores.
25 Jun 2012
Ghana is banning foreigners from operating in its informal retail business sector, giving them until 21 June 2012 to close shop.
7 Jun 2012
Lack of bandwidth is not the only factor hampering the development of e-commerce and online business in Africa, says Peter Harvey, founder and managing director of PayGate, an online payments solution provider. Harvey adds that the continent also needs a much more sophisticated financial infrastructure.
5 Jun 2012
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
Airtel Uganda has announced its new harmonized calling rates to all African destinations, cutting costs for Ugandans who communicate with family, friends and business associates across the continent.
24 May 2012
Telecommunications services provider, Airtel Nigeria has been ranked the best operator for good quality of service by the Nigerian Communications Commission (NCC) based on the Commission's Audit Report for March and April 2012.
11 May 2012
MTN Group recorded 170 573 000 subscribers at 31 March 2012. This is a 3,7% increase for the quarter from 164 501 000 subscribers recorded at 31 December 2011. The group delivered a satisfactory performance notwithstanding continued high levels of competition in key markets.
7 May 2012
In the latest drive to save Africans from the perils of life on the ever-dark continent, British charity Oxfam has launched the Big Bra Hunt campaign. No, they are not hunting down Blighty's biggest bras. Instead, Oxfam is calling on British women to donate their unwanted bras to charity - for the betterment of Africa.
Khadija Patel 2 May 2012
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
Visa recently appointed PocketMedia Solutions' Z-Card to communicate important information about its Visa Debit Card in Kenya, Nigeria and Ghana.
23 Apr 2012
Huawei Mobile, a global information communications technology firm, has disclosed its plan of introducing six new smartphones to the Nigerian market.
18 Apr 2012
The Carlson Rezidor Hotel Group has just entered its 68th and 69th territories with new properties respectively in the Republic of Guinea and Gabon following on from the opening of a property in Ethiopia in January this year.
16 Apr 2012
Telecommunications services provider, Airtel Nigeria scooped three awards for its outstanding performance as the 23rd edition of the Enugu International Trade Fair which recently took place in the Enugu State, Nigeria.
16 Apr 2012
Oresti Patricios, CEO of Ornico urges local markets not to be blinded by the US hype, but to remember that Africa should feature foremost as a source of the local industry's inspiration, research and advertising insights.
3 Apr 2012
According to the recent KPMG Consumers & Convergence Report, South African consumers and businesses are comparing favourably to the rest of the world when it comes to adopting new technologies and using social media.
29 Mar 2012
Montgomery West Africa have announced the launch of PROPAK West Africa, an event focusing on the emerging West African packaging industry, which is set to take place from 4-6 September 2012 at the EKO Hotel and Conference Centre in Lagos, Nigeria.
15 Mar 2012
e-Banking services in Nigeria is set to witness a shift as FirstBank of Nigeria Plc (FirstBank) and Airtel Networks Limited have agreed to combine their strengths to provide mobile money services to millions of Nigerians.
20 Feb 2012
In the Federal High Court of Nigeria, the honorable Justice Shuaib, handed down judgment in the matter between Econet Wireless Ltd (EWL) vs. Bharti Airtel Nigeria Limited. Bharti Airtel has since issued a statement to the media.
30 Jan 2012
More people in Africa's poorest countries have mobile phones than have bank accounts. That reality is spurring mobile service companies to explore how they can capture a share of the potential banking market by enabling migrants from these countries to transfer funds back home to their families.
Anna McGovern 24 Jan 2012
Business news from Gabon scores an opening goal on CNBC Africa with the official opening of the channel's live satellite bureau in Libreville, West Africa, the same week which sees the 2012 Africa Cup of Nations kick off.
24 Jan 2012
Providers of data security products, Unistal Systems Pvt. Ltd, has launched the new version of Protegent360 for laptop and desktop users. The company has announced the enhanced security features in the latest edition, which is essential for contemporary needs. The product will be sold by Hallmark Solution Warehouse Ltd in Nigeria.
5 Jan 2012
Airtel Ghana, last week, re-launched its mobile money platform, under a new brand name Airtel Money, which has been positioned to provide customers with an efficient alternative to cash transactions and provide millions of Ghanaians with access to banking services for the first time.
19 Dec 2011
At an inauguration ceremony held last week, L'Oréal opened its new subsidiary in Kenya, which will be the hub for expanding the group's activities in East Africa, a region which also includes Uganda, Tanzania, Rwanda, Burundi and Ethiopia. The group's subsidiary in Nigeria opened in September.
12 Dec 2011
In an important process which started three years ago, the first round of negotiations to establish a free trade area (FTA) covering 27 countries in Southern and East Africa will kick off on Thursday, 8 December 2011, in Nairobi. This promises to be an important instrument for the future of trade and industrialisation in Africa.
7 Dec 2011
Cadbury Nigeria Plc (CADBURY), a manufacturer of drinks and food products, forecast a 60% increase in net income to 339.2 million naira (US$2 million) for the first quarter.
Vincent Nwanma 7 Dec 2011
W.AFRI-TEL, the West African Telecom Exhibition, which takes place from 8-10 May 2012 at the Eko Hotel fair ground in Lagos, Nigeria, will facilitate business opportunities in the telecom sector, enabling exhibitors to gain access to the Nigerian telecom market that contains over 80 million mobile subscribers.
17 Nov 2011