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Africa

May 2, 2012

Harold Pupkewitz, who took over the family business founded by his father and turned it into one of Namibia’s biggest private companies, died on 27 April aged 96.

Harold Pupkewitz, who took over the family business founded by his father and turned it into one of Namibia’s biggest private companies, died on 27 April aged 96.

Pupkewitz, who according to reports in the local press died from a heart attack in the Roman Catholic Hospital of Windhoek, was the executive chairman of Pupkewitz Holding since it was founded in 1946.

Born in Vilnius, in what is now Lithuania in 1915, Pupkewitz and his family moved to South-West Africa (now Namibia) when he was nine.

September 21, 2011

Africa could be on the brink of an economic take-off, much like China was 30 years ago and India 20 years ago. Political advancement and recent economic growth are making the continent an increasingly attractive investment option.

Africa could be on the brink of an economic take-off, much like China was 30 years ago and India 20 years ago. Political advancement and recent economic growth are making the continent an increasingly attractive investment option.

But investing in the continent isn't something to be taken lightly. Jeremy Hazlehurst looks at why.

Read the full story at CampdenFO.

January 12, 2011

Family-owned brewing company Heineken announced on 12 January that it has acquired controlling interests in five breweries in Nigeria as it continues its expansion in emerging markets.

Family-owned brewing company Heineken announced on 12 January that it has acquired controlling interests in five breweries in Nigeria as it continues its expansion in emerging markets.

The breweries acquired include two holding companies of the Nigerian-based Sona Group, giving Heineken access to Sona, IBBI, Benue, Life and Champion breweries. The financial terms of the transaction were not disclosed. Heineken also said that it would consider the possibility of consolidating the acquired breweries into its existing business in Nigeria, but gave no timetable.  

December 14, 2010

Walmart, the retailing giant controlled by the Walton family, announced 13 December that it plans to close its Moscow office, which was set up last year as part of Walmart's plans to expand in Russia.

Walmart, the retailing giant controlled by the Walton family, announced 13 December that it plans to close its Moscow office, which was set up last year as part of Walmart's plans to expand in Russia.

The company said it had hoped to enter the Russian market via acquisitions, but that it had found no partners with which to pursue this aim.

December 2, 2010

Walmart, the retailing giant controlled by the Walton family, has given further insights into its emerging market strategy outlining plans for its stores in China.

Walmart, the retailing giant controlled by the Walton family, has given further insights into its emerging market strategy outlining plans for its stores in China.

Dough McMillon, chief executive of Walmart's international business, said in an interview with the Financial Times that it will be opening a series of "compact hypermarkets" in China based on the company's successful model used in Latin America.

November 29, 2010

Walmart, the supermarket giant controlled by the Walton family, announced 29 November that it has made a bid for 51% of Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the supermarket giant controlled by the Walton family, announced 29 November that it has made a bid for 51% of Massmart Holdings Limited, a South Africa-based retail chain.

This news comes after Walmart announced in September it was in preliminary talks with Massmart to acquire a stake in the company. 

September 28, 2010

Walmart, the supermarket giant controlled by the Walton family, announced 27 September that it was in preliminary talks to acquire Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the supermarket giant controlled by the Walton family, announced 27 September that it was in preliminary talks to acquire Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the world's largest retailer by revenues, announced yesterday that if its initial proposal was successful it planned to offer R32 billion (€3.4 billion) for Massmart, which is South Africa's third-largest retailer with 290 stores and a presence in 13 other countries in southern Africa.

June 18, 2010

Mention “Nigeria” and “banking” to Bryan Collings and he loses his train of thought mid-sentence. The emerging markets fund manager for Hexam Capital has made some good returns on Nigerian banks such as over 13% on Access Bank.

Mention "Nigeria" and "banking" to Bryan Collings and he loses his train of thought mid-sentence, writes Richard Hemming. 

The emerging markets fund manager for Hexam Capital has made some good returns on Nigerian banks such as over 13% on Access Bank.

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