The Retail community of Tanzania

FNB officially launches in Tanzania

Fri, 03 Feb 2012 07:26:00 +0200

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.
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R886m invested in varsity ICT

Thu, 26 Jan 2012 12:25:00 +0200

The Higher Education and Training Department says R886 million has been invested in connecting South African universities and public research organisations to each other at a minimum speed of 10 gigabits per second.
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Consumer Confidence Survey: Economy again top global concern

Wed, 09 Nov 2011 09:36:00 +0200

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.
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Africa's five major trends for potential growth

Fri, 07 Oct 2011 09:56:00 +0200

Population growth, rapid urbanisation, adoption of new technologies, unlocking of abundant resources and the deepening of the financial sector are the five major trends that are set to drive Africa's economic growth, Simon Freemantle, Standard Bank Africa senior analyst, told a media roundtable in Johannesburg, South Africa, yesterday, Thursday 6 October 2011.
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Woolworths to grow African joint ventures

Mon, 12 Sep 2011 11:19:00 +0200

South African retailer Woolworths Holdings has announced a joint venture in Tanzania and Uganda, adding more stores to its growing African portfolio.
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Retail giants pioneer shopping mall culture in Africa

Fri, 08 Jul 2011 09:46:00 +0200

New retail precincts across Africa are not only changing consumers' buying behaviour but also changing their social behaviour. Malls provide a venue for consumers to congregate and they're doing this in preference to other social activities.
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Dulcé Café pushes into Africa

Tue, 14 Jun 2011 10:41:00 +0200

With the need for resources from developing countries such as China and India, coupled with the discovery of oil within more and more African countries, the economies of African countries are set for major short and medium-term growth. Based on this growth, Dulcé Café is currently launching an expansion of the franchise chain into Saudi Arabia, Ghana, Nigeria, Tanzania, Botswana and Angola.
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Intelsat wins new contracts

Thu, 14 Apr 2011 10:56:00 +0200

LUXEMBOURG: Intelsat SA, one of the world's leading providers of fixed satellite services, recently announced a series of new contracts with media customers using the company's leading video neighbourhoods.
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Uncertainty about transfer pricing rules in Africa a concern for foreign companies

Tue, 05 Apr 2011 12:05:00 +0200

Companies doing business in Africa face several uncertainties, including how tax authorities will handle transfer pricing (TP). It is vital that organisations prepare comprehensive documentation to demonstrate their application of the arm's length principle and the procedures followed.
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Kraft Foods 'double in five' plan looks to Africa

Tue, 29 Mar 2011 08:42:00 +0200

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.
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