Two Rivers Mall pays off $80m Co-op Bank loan using another loan

Centum Investment Company #ticker:ICDC has repaid a Sh8 billion loan it took from Co-operative Bank to develop the Two Rivers Mall in Nairobi. The Nairobi Securities Exchange-listed firm used a new loan from South Africa’s Standard Bank to retire the Co-op Bank debt. Centum says the finance costs on the Standard Bank loan are relatively […]

EcobankPay partners with the “Nigerian Costco” PricePointe

Ecobank Nigeria EcobankPay, the lifestyle digital payment and collections service of Ecobank Nigeria has entered into a partnership with PricePointe Wholesale Club, a new entrant into the Nigerian retail sector, modeled after the America’s Costco and Sam’s Club, which started operations with the opening of its flagship warehouse at Ilupeju Industrial Crescent, Ilupeju Lagos. Speaking […]

Mall of Africa taking shape with H&M, Zara, Tommy Hilfiger booking space

The Mall of Africa development in Midrand. Atterbury Property’s Mall of Africa development is on track for its opening next year, with more heavyweight international fashion retailers announced at the R3.2 billion shopping centre. Located on both sides of the N1 between Midrand and Sandton, the mall is slowly taking shape for its completion on […]

Kenya Has Africa’s Second Most Formalized Retail Economy – Nielsen

From Ventures Africa Kenya is the second most formalized retail economy in Africa after South Africa, a survey carried out by the New York Stock Exchange-listed research company, Nielsen has revealed.  The consumer report focusing on five sub-Saharan Africa economies, which was released on Monday, indicates that 30 percent of Kenyans shop in proper retail […]

Checkout S.Africa invests in market leading warehouse software

 HighJump Software, a global provider of supply chain management software, announced that Checkout Supermarkets has selected HighJump™ Warehouse Advantage warehouse management system (WMS) to increase the speed of its operations and visibility of its inventory. Checkout is South Africa’s largest independent retail supermarket chain, with 50 corporate stores throughout the country selling groceries, household and […]