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Latest Africa Retail News

  • R100m Jewellery Factory to Be Opened in Kimberly 12 May 2008 11:16 GMT
    ... the drive for beneficiation in the Southern Africa Development Community and specifically South Africa, the ... lucrative world jewellery market. Currently annual gold retailing demand tops 2800 tons, translating into a R450 billion industry. Principle consumers include India (25 percent), the ...

  • Deutsche Bank records 100% YoY increase in its foreign exchange 12 May 2008 11:15 GMT
    ... Markets for the Middle East and North Africa at Deutsche Bank said: “Deutsche Bank is ... said “The growth of our foreign exchange business in the Middle East is largely due ... trading and pricing; and “dbFX” the online retail FX trading platform. In addition, Deutsche Bank ...

  • Aluminium price could be kept high by power shortages impacting production 12 May 2008 11:15 GMT
    ... Power shortages, notaby in China and South Africa could impact global aluminium production and keep ... South Africa means higher heating needs. Higher retail demand for electricity could lead to cutbacks for industry. Analysts say that could trigger a price ...

  • GMM Capital seeks to tighten control of Delta Galil 12 May 2008 10:57 GMT
    ... GMM Capital seeks to tighten control of Delta Galil ... GMM also owns half of the US retail chain Goody's Family Clothing Inc. (Nasdaq: GDYS). ... transferring production from Israel to Jordan and Egypt and from China to Thailand. The restructuring ...

  • Community-focused developer launches in Abu Dhabi 12 May 2008 10:39 GMT
    ... developer in new growth markets ranging from Morocco to Vietnam and from Kazakhstan to South Africa”, says Hani Shammah, Bloom CEO, speaking from ... and commercial towers, as well as numerous retail and residential compounds throughout the UAE. Several ...

  • BUYINS.NET: JDGRY, QBCRF Have Also Been Added To Naked Short List Today 12 May 2008 10:25 GMT
    ... together with its subsidiaries, engages in the retail sale of furniture and appliance products, as ... Limited operated 1 078 stores in southern Africa and Poland. The company was founded in ... services, Internet and wireless telephone services, and business telecommunications services. It also engages in DVD, ...

  • GrowthGate buys into Arabian Roots 12 May 2008 10:17 GMT
    ... GrowthGate, the GCC-based specialist buyout firm, has reached ... acquire additional equity interests in this conglomerate’s retail division. Arabian Roots is a privately-held Saudi ... UAE and more recently Qatar besides the Egypt, Syria and Lebanon and a presence in ...

  • Research and Markets: Gain Access to Eskom Holdings Limited's Adjusted Five Year Financial Data Along with Key Ratios and Market Capitalization 12 May 2008 10:17 GMT
    ... the addition of Datamonitor's new report: Premium Company Profile: Eskom Holdings Limited to their offering. ... the increasing demand for electricity in South Africa and thereby ensure the economic growth of ... presence and SWOT Analysis - Provides detailed business description, segment analysis, 5-year financial trends, key ...

  • New initiative to establish 15 African maths and science centres launched 12 May 2008 10:16 GMT
    ... The African Institute for Mathematical Science (Aims) has announced ... first centre would be established in Abuja, Nigeria in July. Turok explained that Aims Abuja ... planned in Ghana, Madagascar, Sudan, Uganda, Botswana, Egypt, Ethiopia and Rwanda as these countries had good ...

  • BUYINS.NET: BBL, FHN, WSO, ASML, MGPI, PGNX Have Been Removed From Naked Short List Today 12 May 2008 09:55 GMT
    ... operations located in Australia, Brazil, Mozambique, South Africa, and Suriname. The Base Metals CSG mines ... in Australia, the United Kingdom, the U.S., Algeria, Trinidad and Tobago, and Pakistan. The Stainless ... States and internationally. The bank principally offers retail and commercial banking, mortgage banking, and capital ...

  • Manager announced for Oubaai's Hyatt 12 May 2008 09:55 GMT
    ... Oubaai, due to open in George, South Africa in early 2010. The resort will be ... million) upon completion of the hotel and retail complex, anticipated in 4 Mohamed Fahmy, Managing ... one of the world's fastest-growing holiday and business destinations with endless opportunities for visitors of ...

  • VeriFone celebrates more than 15 years in Middle East at Cards Middle East 12 May 2008 09:52 GMT
    ... Emirates, Oman, Kuwait, Saudi, Bahrain, Qatar and Egypt. Last year saw new territories for VeriFone ... new territories for VeriFone in Lebanon, Iraq, Algeria, Libya and Yemen. Chip and PIN payment ... payment systems. Mark O’Flynn, Sales Director for Africa and the Middle East comments: “The Middle ...

  • Giordano sees 30pc Mideast growth 12 May 2008 09:18 GMT
    ... the region” said Giordano Middle East and Africa executive director Ishwar Chugani. Giordano is aggressively ... “In 2007 Giordano entered new markets like Egypt and Azerbaijan and have plans to have ... presence in more markets such as Syria, Libya and Ghana. With our operational efficiency, reach ...

  • Emerging markets invest $1.7trillion in real estate 12 May 2008 08:58 GMT
    ... across India and the Middle East to Africa (CHIMEA), said a report. The top 50 ... of doing business. The global real estate industry as a whole is not in the ... driven not only by office, residential and retail demand but also by the 2008 Olympics and ...

  • Equipment demand underpins Barloworld's improved interim results 12 May 2008 08:54 GMT
    ... driven by the equipment division in southern Africa which continued its growth trajectory given robust ... rate hikes curbed consumer spending. "Motor vehicle retail sales are expected to remain depressed in ... the year," the company stated. Barloworld's logistics business performed well, and it said that this ...

  • The post-oil novel: a celebration! 12 May 2008 08:49 GMT
    ... of ordinary people across the globe, from African Bushmen to Indian fishermen. Before he began ... at the hands of mechanized agriculture and agribusiness. He was never an academic or an ... sprang (particularly bothersome are the Time-Warner, Consolidated Retail, and Prudential diseases). And, last but not ...

  • ProCredit Holding Purchased Commerce Bankâs Stocks in ProCredit Bank - Georgia 12 May 2008 08:31 GMT
    ... in transition economies and developing countries in Africa, Latin America and Eastern Europe. The youngest ... management information systems (MIS), auditing, controlling, marketing, retail operations, risk management, staff training, and the ... risk management, staff training, and the core business of lending. “18 thousand people were employed ...

  • Postilion announces Middle East expansion 12 May 2008 08:30 GMT
    ... "> About Postilion Postilion, a division of S1 Corporation ... company’s activities in the following countries: Bahrain, Egypt, Greece, India, Jordan, Kuwait, Oman, Pakistan, Qatar, Saudi ... offers unique solution sets for financial institutions, retailers, and processors under three brand names: Postilion, ...

  • InterContinental Hotels Group appoints new Director of Operations Egypt and Libya 12 May 2008 08:13 GMT
    ... maintaining the hotels’ position of excellence within Egypt. Commenting on Perrot’s recent appointment, John Bamsey, ... Chief Operating Officer, IHG Middle East and Africa said, “Thierry’s passion and commitment to the ... position of Director of Operations Egypt and Libya, an area rich in culture and history ...

  • Rice feels 'bullwhip effect' 12 May 2008 08:12 GMT
    ... unsustainable situation because it means that the African countries have nothing to import." Rice is ... riots have broken out from Haiti to Egypt, according to the U.N.'s World Food Program. ... crop. Richard Reinwald, vice president of the Retail Bakers Association, said rye flour is being ...

  • Immedia Broadcasting - Final Results 12 May 2008 07:36 GMT
    ... of live, tailored radio and video for retail, today announces its preliminary financial results for the ... to win radio and RadioVision contracts from retailers but also in other sectors - To ... owners across Europe, the Middle East and Africa (EMEA) - To sign reseller agreements with ...

  • Palm Hills Develop - 1st Quarter Results 12 May 2008 07:36 GMT
    ... > > > Palm Hills Develop - 1st Quarter Results Palm ... a leading real estate developer in the Egyptian market that develops primarily high-end residential real ... young families, as well as a large retail mall designed to attract residents of the ...

  • Scentsational Shoppe: for designer-like fragrances 12 May 2008 07:35 GMT
    ... WHEN: 9:30 a.m. to 5:45 p.m. Monday to Friday ... of bottles of oil, ranging from traditional (Egyptian musk, lavender) to designer (White Diamond-type, Gaultier-type) ... customer's Shoppe sells wholesale as well as retail and ships to customers as far away ...

  • Euroshares outlook - set for uncertain start after Wall St losses 12 May 2008 07:17 GMT
    ... over U.S. mobile telephone operator Sprint Nextel Corp. And Vodafone Group Plc is reportedly looking ... at a 20 billion pounds bid for Africa's largest mobile phone operator MTN. Chief executive Arun ... built, the Sunday Express reported. U.S. electrical retailer Best Buy Co Inc is weighing up ...

  • Fool's Gold- Gold Sucker Rally? 12 May 2008 06:56 GMT
    ... threat, such as the rebel attacks in Nigeria that seem to jack up crude every week, or the African power outages that jeopardized platinum production, trading ... quality, we are forced to limit new retail membership. But if you want daily updates ...


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