Nampak optimistic over Africa growth

Packaging conglomerate Nampak's share price has stuck fairly close to its 12-month high in spite of increasing evidence of tempered consumer demand for fast-moving consumer goods. 25 Feb 2013 10:12

Shoprite plans 136 new stores in Africa

[Zeenat Moorad] Shoprite Holdings is steamrolling ahead with its African expansion - the retailer has 136 stores in the pipeline as it eyes fast growing oil-rich markets like Nigeria and Angola. 20 Feb 2013 07:43

Sanlam's sub-Saharan fund launches soon

[Nick Hedley] Financial services group Sanlam is due to launch its sub-Saharan Africa Real Estate Fund at the end of March‚ which it intends to list on the Stock Exchange of Mauritius. 12 Feb 2013 08:42

MoneyGram remittance costs are just 5%

MoneyGram remittance costs are 5% or less depending on the size of the transaction‚ MoneyGram's Vice President for Africa Hervé Chomel told a media roundtable on Thursday (7 February). 8 Feb 2013 10:45

Rainbow Chicken tickles investors' taste buds

A new-look Rainbow Chicken is taking shape amid enthusiasm from investors who have boosted its share price by a third since November. Driving the change is Rainbow's R1bn acquisition of Foodcorp and a R3,9bn rights issue, setting the scene for more positive developments. 4 Feb 2013 08:12

Africa's remittance costs too high says World Bank

Bringing remittance prices down to 5% from the current 12.4% average cost would put US$4bn more in the pockets of Africa's migrants and their families who rely on remittances for survival‚ the World Bank said on Monday (28 January). 29 Jan 2013 15:18

RMB's loan facility for Tanzania

Rand Merchant Bank (RMB) has arranged a US$100m syndicated loan facility for the trading arm of Mohammed Enterprises Tanzania Limited (MeTL)‚ one of Tanzania's largest diversified conglomerates. 28 Jan 2013 10:49

Opportunities open up for SA drug companies

[Tamar Khan] Sub-Saharan Africa offers significant opportunities for SA's pharmaceutical manufacturing companies‚ as a growing middle class and an increasing disease burden push up demand for medicines‚ according to research by Frost & Sullivan. 17 Jan 2013 10:13

KFC plans to add even more stores in Africa

[Zeenat Moorad] YUM! Restaurants International continues to expand the footprint of its KFC brand on the African continent, with plans to add stores in Tanzania, Uganda and Zimbabwe this year, the company said on Monday (14 January). 16 Jan 2013 09:19

FirstRand gets credit line of US$300m

[Sure Kamhunga] FirstRand has received a US$300m seven-year multi-currency credit line from the African Development Bank (AfDB) to on-lend to clients in their local currencies in several markets in Africa. 14 Dec 2012 11:18

PPC buys Rwanda cement producer

PPC has bought a 51% stake in cement producer Cimerwa Limited of Rwanda for US$69.4m. Cimerwa‚ in south-western Rwanda‚ has been the country's only cement producer for 28 years‚ PPC said on Wednesday (12 December). 13 Dec 2012 07:55

Barclays, Absa to combine African operations

Barclays Bank and its subsidiary, Absa, say they are engaged in negotiations to combine the majority of the Barclays Africa operations. 21 Aug 2012 11:41

FNB officially launches in Tanzania

First National Bank, a division of FirstRand Bank Limited has announced the official launch of First National Bank Tanzania Limited. Since commencing their operations in July 2011, FNB's operations have performed well in Tanzania and are in line with expectations illustrating the sound investment and business opportunity provided in the country. 3 Feb 2012 07:26