Staff, 12:38 pm
Rapid evolution of mobile phones is revolutionizing Africa’s retail space, according to a stakeholder. Leveraging the advantages of mobility requires retailers to alter their behavior when it comes to dealing with customers, said the head of retail at an IT consulting firm. In today’s world, customer engagements are about creating conversations with customers rather than focusing on transactions. The way customers think and interact has changed, and retailers need to adapt.
Staff, 2:13 am
Expectations that Uganda will spend more than planned in the run up to an election due in early 2016, pose risks for investors who are demanding higher returns to hold government debt. President Yoweri Museveni, 70, is widely expected to run for re-election in 2016, though he has yet to declare his candidacy.
Staff, 1:34 am
JSE-listed property investors will soon get access to developing markets outside South Africa, as the Mauritius-based New Frontier Properties (New Frontier) eyes a listing on the local bourse. The company which has a primary listing on the Stock Exchange of Mauritius will embark on a secondary listing on the Alt X and trading is expected to start on January 21.
Staff, 1:01 am
Ethiopian Airlines is in talks with Rwanda and the Democratic Republic of Congo to purchase stakes in their carriers and manage them, its chief executive told Reuters. Discussions with Kigali and Kinshasa follow similar deals with Malawi and South Sudan, part of efforts to become a global carrier and put the airline at the heart of travel in Africa.
Staff, 12:51 am
Rising demand for luxury cars and increased orders for commercial vehicles pushed new motor vehicles sales to a record high last year, reflecting wealthy Kenyans’ growing penchant for high-end goods and vibrant economic activity. Data from the Kenya Motor Industry Association (KMI) shows that new vehicle dealers sold 17,499 units in 2014
Staff, 4:05 pm
National carrier Kenya Airways has opened a ultra-modern retail shop at Nairobi’s populous downtown Tearoom in a bid to deepen its sales base. The new shop is expected to ease access to Sales and Ticketing services, address customer inquiries and sales of KQ Holiday packages to the thousands of small to medium scale traders who rely on the Middle East and Asian source markets to feed the regional market.
Staff, 1:39 pm
Vodafone Ghana Limited has commended and rewarded five female students from the Kwame Nkrumah University of Science and Technology (KNUST) and Ghana Technology University College (GTUC) for their courage to pursue engineering courses. The academic user fees for the five engineering female students, Joycelyn Aduakye and Rebekah Nhyira Bedford, all from GTUC, Edith Ghunney, Naa Korkor Adjoa Ghunney and J’ezkella Afoakwah, all from KNUST, were paid for by Vodafone.
Staff, 1:13 pm
After many quarters of successive decline, Egypt’s enterprise hardware market rebounded and grew 4.7% year-on-year in the third quarter of 2014, according to the International Data Corporation (IDC). The research firm made the note in its EMEA Quarterly Server and Disk Storage Systems Tracker, which found that the Middle East and Africa (MEA) enterprise hardware market remained in a passive growth.
Staff, 9:49 am
Nigeria’s central bank loosened rules implemented last month on buying and selling foreign exchange that were blamed for crushing currency trading in Africa’s largest economy. The maximum net open foreign-exchange trading positions banks can hold at the end of each business day was increased to 0.1 percent from zero,
Staff, 8:19 am
Last year countries across Africa managed to successfully complete a handful of economically significant projects which we covered a couple of weeks ago. But where some rise, some usually fall too. There were also several businesses and business projects that failed in Africa too – some spectacularly so.