Walmart News

Invest in This Walmart of Africa?

Invest in This Walmart of Africa?

The Wall Street Journal recently featured Walmart’s operations in Africa. The article revealed that Walmart had a $2.4 billion stake in South African retailer Massmart going back to 2011.

AB InBev agrees to concessions with South Africa over SABMiller deal

AB InBev agrees to concessions with South Africa over SABMiller deal

Anheuser-Busch InBev will invest 1 billion rand ($69 million) to support South African farmers as part of concessions agreed with the government to secure regulatory approval for its $100 billion-plus takeover of SABMiller.

Here are 17 facts about Africa you might not know

Here are 17 facts about Africa you might not know

Here are some key facts and figures, courtesy of the Indo Asian News Service (IANS), about a continent that is not only one of the fastest growing regions of the world but one that is economically, culturally and linguistically diverse.

Choppies Plans Sub-Saharan Africa Expansion in Market Share Push

Choppies Plans Sub-Saharan Africa Expansion in Market Share Push

Choppies Enterprises Ltd., the Botswanan supermarket chain that listed in South Africa in May, plans to open about 30 stores in the year through June and may also expand via acquisitions as the retailer seeks to increase market share in the region.

Alex Kyriakidis, President and MD, Middle East and Africa, Marriott

Marriott to enter South Africa with $74M in new developments

Marriott International Inc. plans to develop a Johannesburg hotel and executive apartments at a cost of about 1 billion rand ($74 million), the U.S. hotelier’s first own-branded properties in South Africa.

Garden City (Illustration)

Kenya's $540M Garden City opens

Garden City, East Africa’s first integrated residential, retail and office development, officially opened last night with the announcement of a new Business Park.

Natalie Kolbe, Partner, Actis

Emerging markets private equity firm Actis buys stake in South African furniture retailer Coricraft

Buyout firm Actis has bought a significant minority stake in South African furniture retailer Coricraft, it said on Tuesday, marking the latest deal by the private equity investor to tap Africa’s fast-growing consumer industries.

Shoprite is cementing its standing as Africa's retail giant. (Reuters/Staff)

South Africa's Shoprite supermarket has the edge on Walmart's Nigeria plans

Get ready for the Nigerian supermarket wars. Within weeks of each other, two major retailers have announced their intention to battle it out in Africa’s largest consumer-goods market.

Walmart: From Arkansas to Lagos (AP Photo/Danny Johnston)

Walmart is planning to open retail outlets in Nigeria

Walmart, the world’s largest retailer by revenue, is in advanced talks to open big box stores in Lagos, Nigeria’s economic hub.

Candy Ma, a 40-year-old Chinese industrialist, has just hired 200 trainee workers at her new government-built factory in Rwanda.

Chinese manufacturers look to Rwanda as wages rise at home

Rwanda may be landlocked in central Africa and saddled with prohibitive energy costs, but it has become the latest beneficiary of a quest by Chinese manufacturers to find competitive margins as wages rise at home.

China and US trade with Africa

U.S. Export Agency Doubles Africa Offices to Help Boost Trade

The U.S. Commercial Service, the export promotion arm of the Department of Commerce, doubled its presence in Africa over the past year to boost trade with some of the world’s fastest growing economies.

Kenyan women order at Caramel, a new restaurant and lounge in Nairobi with a humidor, private lounge, and imported waiters. Credit Sven Torfinn for The New York Times

Nairobi's latest novelty: High-End mac and cheese, served by whites

There’s a newcomer on the Nairobi restaurant scene: the White Waiter. The other night, Martin Mileveski, a smiley young man from Macedonia, leaned over a table of three immaculately dressed Kenyan women and delicately poured out the Captain Morgan rum.