Tiger Brands' Nigerian flour business reported a widened loss of 2.92-billion naira (about R176m) for its first quarter ended December, as currency weakness in the local market offset a 27.5% surge in sales...
Famous Brands, which owns Steers‚ Wimpy and Debonairs, plans to open 243 new restaurants in the coming year after reporting record turnover and profit for the year. It is also planning to enter Angola and Ghana.
Online businesses are said to be accelerating in Africa. Building an online shop and presence is described as a great way of reaching out to many customers across the continent, and more specifically throughout Nigeria.
MoboFree raised significant growth funding from Netherlands based eVentures Africa Fund (eVA Fund) in order to expand its local presence in Lagos and Accra through new offices in East Africa and for marketing investments.