the Retail community of East Africa

Madagascar leases out half its arable land

Fri, 21 Nov 2008 11:11:00 +0200

South Korean firm Daewoo plans to grow maize on one million acres of land in Madagascar. The firm will pay nothing for the lease of the land. The Indian Ocean island will gain employment opportunities and infrastructural developments from Daewoo's 99-year lease of 1.3m hectares. Read full story... | Send to a friend

Fraud: Citibank experts to probe Ethiopian national bank's security code system

Tue, 18 Nov 2008 11:04:00 +0200

Experts from Citibank, the New York-based banking giant that recently was swindled of 27 million dollars from the Ethiopian National Bank's US account, have scheduled to visit the National Bank of Ethiopia (NBE) within the next few weeks to verify NBE's SWIFT security code system through which the two banking entities have been communicating. Read full story... | Send to a friend

Airlines increase flights from Entebbe

Mon, 17 Nov 2008 09:04:00 +0200

Growing demand by Ugandans and international travellers is driving more airlines to Entebbe International Airport. Read full story... | Send to a friend

Tenth company listed as USE celebrates a decade

Thu, 13 Nov 2008 11:41:00 +0200

Kenyan Commercial Bank became the 10th firm listed on the Uganda Securities Exchange as the Kampala-based stock market celebrated its 10th anniversary on November 11, 2008. Read full story... | Send to a friend

Malawi: Better roads lead to more money

Tue, 11 Nov 2008 09:27:00 +0200

LILONGWE: What lies under a Malawi farmer's feet that could boost food security? Try better roads. Read full story... | Send to a friend

Illicit trade is not a victimless crime

Thu, 06 Nov 2008 15:00:00 +0200

A new business report, presented recently at the East Africa International Business Forum in Kigali, capital of Rwanda, found that illicit trade in the region is not only undermining the formation of a single East African market, it is also costing EAC countries many millions of dollars in lost revenues. Read full story... | Send to a friend

Low season of promotions

Thu, 06 Nov 2008 06:37:00 +0200

Economic crunch forces Kenyan shoppers to change consumption habits. Read full story... | Send to a friend

Illicit trade undermining single East African market

Fri, 31 Oct 2008 10:46:00 +0200

Illicit trade is undermining moves to establish a single market in East Africa according to a report issued yesterday, 30 October, 2008 at the East Africa International Business Forum in Kigali. Read full story... | Send to a friend

Ethiopian Airlines, profitable 2007/08 performance

Wed, 29 Oct 2008 11:32:00 +0200

Ethiopian Airlines recorded positive results in many of its performance parameters during the fiscal year 2007/08. According to the financial reports released, Ethiopian generated 9.2 billion Birr in operating revenue during the budget year, a 34% increase over that of the previous year. Read full story... | Send to a friend

Kenya: KBL moves to court to settle Ksh21m dispute

Wed, 29 Oct 2008 10:48:00 +0200

Kenya Breweries Ltd (KBL) will face a beer distributor in a full hearing in court over a Sh21 million stock dispute. Read full story... | Send to a friend