Business

Sun,24May2015

Business

South Africa's second-biggest grocer talks about their strategy

Photo@ReuterssupermarketDutch retail partnership Spar sees big opportunities to expand in markets where other Western chains fear to tread, exploiting a model of sharing global best practice among independent businesses trading from Angola to India and Ukraine.

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Egypt's private sector can now import natural gas

Photo@ReutersSuezcanalEgypt has given the private sector a green light to import natural gas or liquefied natural gas (LNG), a government official said, a step that could encourage private investment in the energy sector while easing energy shortages.

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SA's Aspen Pharmacare sells off businesses to Indian drugmaker, Strides

photo@ReuterspharmacySouth Africa's Aspen Pharmacare Holdings Ltd is selling off some of its businesses in Australia and Mauritius to Indian drugmaker Strides Arcolab Ltd. Strides will pay $300m for the businesses, expanding its footprint in markets that are set for brisk growth.

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Shares fall for Tiger Brands in Nigeria

Photo@ReutersriceTiger Brands, South Africa's biggest consumer foods manufacturer, reported flat first-half earnings today, weighed down by its operations in Nigeria and the weakened Naira.

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South African nuclear procurement of 9,600 megawatts will help meet its energy target

photo@ReuteersnuclearpowerplantSouth Africa's energy crisis will be alleviated by the procurement of a nuclear fleet to generate 9,600 megawatts of power this year, the energy minister said today.

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Angola's investment in farming land in Caxito pays off for banana farmers

Photo@ReutersbananasBanana plantations are thriving again in the tropical plains of Caxito in Angola and the country has been able to stop importing the fruit.

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Ghana's emerging industry faces tough tests

Tullow has nearly a 50% stake in the offshore TEN project, which is in a disputed region. Photo©TullowGhana is suffering from a precipitous drop in oil prices, delays to the gas processing plant and a maritime border dispute.

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