TANZANIA NEWS ON FASTMOVING

Listed retailer Uchumi Supermarkets has reported a 30.3 per cent rise in full year profit to Sh373.01 million from Sh273.98 million last year. read more

WINDHOEK – Namibia Breweries Limited (NBL) is rendering management assistance to its distributor in Tanzania, Mabibo Beer, Wine and Spirits Limited, in a fight to curb the smuggling of its Windhoek Lager beer into that country. read more

A Tanzanian firm has indicated its intention to set up a cotton ginnery in Zambia to provide a ready market for small-scale cotton growers in the country. read more

Uchumi Group Chief Executive Officer, Jonathan Ciano, told the company’s business partners in Dar es Salaam over the weekend that the firm will soon open new shops in Dar es Salaam and upcountry regions. read more

The Minister for Agriculture, Food Security and Co-operatives, Eng Christopher Chiza, told ‘Daily News’ that the government would assist coffee farmers by providing them with coffee seedlings at subsidised prices. “In principle we have agreed that we should provide them with input subsidies.  read more

The South African supermarket chain, Shoprite, which invested its business in the country some years ago has dismissed recent speculations regarding the imminent closure of some of its stores and possible exit from Tanzania for good. read more

Nairobi — Retailer Nakumatt Holdings increased its regional footprint with the opening of its 37th branch in the Western Uganda town of Mbarara. read more

Johannesburg - Illovo Sugar [JSE:ILV] posted a 12% rise in first-half earnings on Wednesday helped by currency weakness and cost cutting, but said output was still struggling to recover from a 2010 drought in KwaZulu-Natal.  read more

Johannesburg - Illovo Sugar [JSE:ILV] posted a 12% rise in first-half earnings on Wednesday helped by currency weakness and cost cutting but said output was still struggling to recover from a 2010 drought in KwaZulu-Natal province. read more