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 […]
Category: Retail
Uchumi looks to banks for support to boost recovery operations
Cash strapped Uchumi Supermarket is banking on Short term funds from financial institutions in the country to boost its human capital and boost operations.
Brands need to learn how to sell to the struggling poor, it is the mainstream
My favourite market segmentation tool, Y&R 4Cs, separates people by their key motivations and among the seven defined groups, everyone is determined to move up to the top of the food chain, apart from those at the very top and those at the bottom of the barrel. There is one particular segment that believes that […]
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 […]
Innscor targets Africa expansion to spur growth
Zimbabwean fast food and retail group Innscor Africa reported a 7-percent decline in half-year earnings on Thursday due to shrinking consumer spending and said it would look to expand in Africa to spur future growth. The southern African country is experiencing an economic slowdown, marked by company closures as businesses struggle with power cuts and […]
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 […]
