Glassmaker expands in Africa to boost revenue, Kenya
The-Star.co.ke - Oct 16th, 11:38
East Africa Glassware Mart plans to double its revenue to $34 million (Sh2.9 billion) by opening in 10 new markets within Africa over the next three years.
EAGM’s country general manager for Kenya Snehal Karia said the company recorded revenues of $17 million (Sh1.45billion) in the last financial year and plans to open in Zambia this year.
This will be followed by Malawi, Zimbabwe, Mozambique, Madagascar, DRC, Ethiopia, South Sudan, Ghana and Nigeria in the subsequent years to enable the firm to achieve set revenue targets. “We have embarked on an expansion plan as we move to establish our footprint in countries in Africa,” he said.
Commercial space rent doubles in Nakuru town, boosted by retail chains
01/11/2013 - 08:27
Construction of commercial space is turning out a lucrative venture for landlords in Nakuru as letting prices appreciate. Prices have doubled from Sh20-30 per square foot a month three years ago to Sh60-70 per square foot, a spot check by the Star reveals.
Local liquor giant, Kasapreko Company, is 6th on Ghana Club 100 list
31/10/2013 - 08:26
Indigenous liquor giant, Kasapreko Company Limited (KCL) placed sixth in the 2013 Ghana Club 100 ranking.
Uchumi workers to close shop over pay
31/10/2013 - 08:23
Uchumi supermarkets could grind to a halt next Wednesday if employees make good their threat to down their tools. The Kenya Union of Commercial Food and Allied Workers has issued a strike notice dated October 9 to pressurise the supermarket chain's management to meet workers' demands for higher pay.
Tesco vows to curb Britain's food waste
28/10/2013 - 09:07
Berlin - Tesco, Britain's biggest retailer, has vowed to cut the near 60 000 tonnes of food wasted by its suppliers and shoppers each year, the latest firm volunteering to help tackle a growing environmental problem.
Manufacturers’ sentiment index jumps to 36,61 in third quarter, Namibia
23/10/2013 - 10:12
The manufacturers’ sentiment index jumped to 36,61 in the third quarter of this year from the -14,89 recorded at the end of the previous quarter, Simonis Storm Securities (SSS) said in a report released earlier this month.