Kraft Foods 'double in five' plan looks to Africa

[Zeenat Moorad] Kraft Foods SA on Monday, 28 March 2011, said it had invested R160 million in a pilot skills programme in its sub-Saharan African operations as it positioned itself to double its revenue in five years in an increasingly competitive fast-moving consumer goods (FMCG) market. 29 Mar 2011 08:42

Judging panel announced for 2011 Diageo Awards

LONDON: The panel of judges has been announced for the eighth Diageo Africa Business Reporting Awards set to take place on 30 June 2011. The annual awards aims to encourage more prolific reporting of economic opportunities in Africa and to celebrate excellence in business journalism. 15 Mar 2011 10:37

Shoprite competition closes in

[Stafford Thomas] "Shoprite has taken advantage of the strong rand to invest in a lot of real estate in Africa by opening 16 additional stores in Nigeria this year and planning three new stores in Ghana," says Shoprite CEO Whitey Basson. 28 Feb 2011 09:30

Green Cross, Armani partner in safe drinking water initiative

GENEVA, SWITZERLAND: Green Cross International (GCI) and Giorgio Armani have entered into a partnership to promote access to safe drinking water through GCI's Smart Water for Green Schools project in Ghana. A support and solidarity network has been devised around Acqua di Gio and Acqua di Gioia, two of Giorgio Armani's fragrances. 21 Feb 2011 09:58

Unemployment, inflation worries hit consumer confidence

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

Unexpected global skill shortages threaten corporate growth, innovation

NEW YORK, US: A survey of senior executives and talent managers shows future leadership and research & development are hardest hit. 3 Jan 2011 12:12

GM restructures African business, seeking growth

[Michael Bratt] General Motors (GM) has announced a new strategy for African business, which it hopes will allow GM to capitalise on the growing opportunities around the continent. 23 Nov 2010 12:36