the Retail community of Africa

Zim: Kimberley Process ignores its own advice

Fri, 06 Nov 2009 10:45:00 +0200

JOHANNESBURG: Zimbabwe's rough diamond trade has escaped a six-month suspension by the Kimberley Process Certification Scheme (KPCS) - an international initiative to stem the flow of conflict diamonds - after its own investigating team recommended earlier in 2009 that the country be temporarily barred from importing and exporting the gems.
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Senegal: Youth who refuse to farm

Fri, 06 Nov 2009 10:41:00 +0200

ZIGUINCHOR: Landmines and armed attacks in Senegal's Casamance region are preventing farmers from maximising production from the region's fertile soil, but there is another problem, too: not enough young people are taking up farming, residents and experts say.
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Nigerian bank reform

Thu, 05 Nov 2009 11:14:00 +0200

Nigeria's banking sector has been ordered to start reporting on suspicious cash transactions from people involved in politics. The new regulation requires banks to check the identity of anyone making a transaction above 250,000 naira (around US$1,600).
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Zimbabwean diamonds face ban

Wed, 04 Nov 2009 09:00:00 +0200

Zimbabwe faces having its diamonds suspended from international trading because of alleged human rights abuses by government security forces in the country's diamond fields.
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Somaliland gets first debit card

Mon, 02 Nov 2009 08:25:00 +0200

A debit card service was launched for the first time ever in Somaliland last week. The region broke away from Somalia in 1991, when the country's government collapsed, and has been relatively stable ever since.
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Zuma, Kabila discuss trade relations

Mon, 02 Nov 2009 07:40:00 +0200

PRETORIA: President Jacob Zuma says growth can only happen through effective partnerships and greater cooperation among African countries.
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Uganda: Barclays sends local entrepreneurs to China expo

Thu, 29 Oct 2009 10:50:00 +0200

Barclays Bank has flagged off a group of 15 Uganda businesspeople to the Canton III Fair in China to strengthen trade ties with their Chinese counterparts. The trade fair will take place between 31 October and 4 November 2009.
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FNB officially launches Zambia operation

Wed, 28 Oct 2009 10:20:00 +0200

LUSAKA: First National Bank announced yesterday, 27 October 2009, the launch of its Zambia operation. The operation was officially opened by the president of Zambia, President Rupiah Banda. The company's banking license was issued on 25 November 2008.
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Country Bird plans further African forays

Mon, 26 Oct 2009 08:26:00 +0200

Acquisitive poultry group Country Bird early last week said it planned to expand into other parts of southern Africa and wanted to increase its domestic market share through a possible acquisition as it moves to within spitting distance of larger competitors Rainbow and Astral Foods.
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Bidvest Namibia share-offer oversubscribed

Mon, 26 Oct 2009 06:34:00 +0200

Bidvest Namibia, the commercial services and fishing business, announced late last week that its public offer of 50 719 000 ordinary shares had been oversubscribed. Applications for 54 809 716 shares came in from 676 applicants.
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