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Company in East Africa

  • Tanzania Breweries now partners with traditional liquor outlet owners

    TANZANIA, 2016/06/13 Tanzania Breweries Ltd (TBL) plans to expand the market for its traditional liquors Chibuku and Nzagamba, by using existing “drinking dens” as outlets and the owners as agents. TBL managing director Roberto Jarrin said integrating traditional beer makers in the business would save the brewers some of the costs of making the liquor. “This will save them time and laborious preparation of the brew as they will be selling our DarBrew brands at a profit,” he said.

  • Jaguar Land Rover on its business in sub-Saharan Africa

    ANGOLA, 2015/12/11 Nigeria and Angola remain two of Jaguar Land Rover’s major markets in sub-Saharan Africa, according to the company’s director of operations for the region, Nigel Clarke. This is despite both economies feeling the result of the drop in oil prices over the last year. Angola gets roughly two-thirds of its revenue from oil. The luxury car manufacturer, with its sub-Saharan headquarters in Pretoria, exports the bulk of its vehicles to eight markets in the region – Angola, Ghana, Kenya, Mauritius, Nigeria, Tanzania, Zambia and Zimbabwe. However, over the next two years Jaguar Land Rover will focus on growing its business in six smaller markets – Senegal, Côte d’Ivoire, Gabon, Congo-Brazzaville, Malawi, Mozambique – through local country partners. “Due to the expansion of our office in Pretoria and the fact a lot of of our processes and systems are presently in place, which has taken a long time, we are much additional ‘fitter’ to take on these markets.”

  • ‘I was hustling from a young age,’ says celebrated entrepreneur Julian Kyula

    KENYA, 2015/11/21 Julian Kyula is a celebrated Kenyan entrepreneur. The 40-year-old is founder and CEO of technology company Mobile Decisioning (MODE) that offers a wide array of micro-credit solutions of up to US$100, enabling additional than 350 million mobile phone subscribers to access cash and airtime via mobile money. Users can as well fasten credit to settle utility bills, which MODE due pays to the utility provider on behalf of the mobile subscriber. Founded five years ago, the company today has operations in 26 nations globally and is in the process of launching in eight new markets. The motivation to start the business was to “bring people to financial inclusion”. MODE has been recognised internationally for its innovation, while Kyula has received numerous awards inclunding the 2012 IBM World Entrepreneur of the Year Award. Speaking to How we made it in Africa, he shared his personal journey in entrepreneurship.

  • Ethiopia's Next International Breakout Brand

    ETHIOPIA, 2015/11/03 What started as the quest of a caring and self-proclaimed, over-protective initial-time mother to find the perfect blanket for her child is presently making headlines as the next potential international breakout brand from Ethiopia. Amelsa Yazew, 34, had a bit of a fetish for baby blankets at the same time as she was pregnant with her initial child, Caleb. She said she bought excessive amounts of mass-produced baby blankets for her child. But it was not until her baby shower, where some one gave her a blanket made out of a Gabi - a traditional hand-woven cloak from Ethiopia, that her quest for a comfortable baby blanket had been finished.

  • Standard Bank Group has expanded its already extensive East African footprint

    ETHIOPIA, 2015/10/31 Standard Bank Group has expanded its by presently extensive East African footprint with the official opening of a representative office in Ethiopia. This means that Standard Bank, which is Africa’s major bank by assets, has a continent-wide footprint in 20 African nations. The representative office, which is based in Addis Ababa, was opened by Standard Bank Chief Executive, Ben Kruger. It will act as an entry point for clients seeking to invest in Ethiopia and will be administered by Standard Bank’s chief office in South Africa.

  • Philip Morris International the largest buyer of tobacco in Tanzania

    UNITED STATES, 2015/10/31 Philip Morris International (PMI) (pmi.com), the major buyer of tobacco in Tanzania, is ramping up efforts to implement its Sustainable Tobacco Production model part the country’s 65 000 contracted tobacco-growing families. PMI purchases tobacco from three suppliers in Tanzania, contributing additional than US$150-million annually to the economic development of the country’s rural areas.

  • Anadarko Petroleum secures sales of natural gas to exploit in Mozambique

    MOZAMBIQUE, 2015/08/28 The Anadarko Petroleum oil group has obtained 90 % of the supply agreements needed to guarantee financing of its natural gas project in Mozambique, said the director of the subsidiary Anadarko Mozambique Area 1, Lda. John Peffer told Bloomberg financial agency that the group is presently waiting for Mozambican government consent to export the natural gas, a necessary condition so it can seek financing to build a plant to liquefy the extracted gas. “From presently on the timing for taking a final investment decision will be determined by the government’s pace agreeing the legal and contractual framework and approving necessary permits,” said Peffer, adding that the development plan should thus be submitted in upcoming months.

  • Ethiopia: National Airline Offers Airfare Discount for Diaspora

    ETHIOPIA, 2015/08/06 The Ethiopian Airlines has offered 10 % air-ticket discount for Ethiopians and foreigners of Ethiopian origin who travel to the country to celebrate the initial Ethiopian Diaspora Day that will be marked August 12-16, 2015. The passengers can as well carry luggage which weighs additional than 30 kilogram, it was learned. Ticket could be purchased from the initial of July to the 15th, according to the statement of the airline.

  • Kenya Airways 'May Require $500 Million Bailout

    KENYA, 2015/08/05 Kenya Airways, the East African country's national carrier, ran into severe chief winds last week reporting a record loss. The finance minister presently says the airline may need a half a billion dollar bailout. Kenya Airways said its pre-tax loss had grown from 4.86 billion Kenyan shillings ($48 million) to 29.71 billion shillings ($293 million) in the ending in March 2015. Last week the airline announced it had chosen the African Export-Import Bank in Cairo to advise it on raising capital and arranging a $200 million bridging loan.

  • Microsoft CEO Satya Nadella in Kenya for Windows 10 Launch

    KENYA, 2015/07/30 Microsoft CEO Satya Nadella, is in Kenya for the launch of Windows 10. Mr. Nadella announced his visit to Kenya through his twitter handle @satyanadella, "Arrived in Kenya to celebrate @Windows 10 launch with fans & learn how tech is #empowering Kenyan people & orgs yesterday." Nadella as well posted a picture on Tuesday from the Nanyuki Airfield, in Laikipia County of Kenya. Nairobi is one of 13 cities where Microsoft is holding appropriate launch events on Wednesday. Nanyuki a town where Microsoft has pioneered its Mawingu project, a project that seeks to use TV whitespaces technology to provide internet for residents in Laikipia county, though the project is still on its piloting stages.
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