Atlantico Weekly

Archive for the ‘Retail’ Category

Surinam news round up – Dec 20 2008

In Airports, Infrastructure, Mining, Oil, Retail, Security, Surinam on January 10, 2009 at 5:04 pm

Business and the economy

All new units to be built in the Hermitage Shopping Mall extension in Paramaribo have been fully rented. The new units of the mall will be ready in May 2009, after some delay. Featuring among the new tenants will be a new outlet of McDonald’s. The Hermitage Mall is owned by Surinam Fatum Investment Group.

The Surinam government has opened negotiations with Alcoa and BHP Billiton for the acquisition of a minority stake in the Paranam bauxite refinery, now BHP Billiton is abandoning the plant and its 45% stake is available. BHP Billiton’s stake is estimated at around 2.2 billion USD.

Surinam state oil company Staatsolie is heading for record profits of 380 million USD pre-tax for 2008. In 2007 profits were 230 million USD and the year before a mere 150 million USD.

The Surinam government announced that the renovation and expansion of Johan Adolf Pengel International Airport (Zanderij) will be carried out by Brazilian contractors in exchange for extensive cuts in the Surinam national debts to Brazil. The works are estimated at 30 million USD and will be paid from transfers made by the Dutch government.

Japanese oil company Teikoku Oil Suriname invests more that 15 million USD for 3D seismic exploration of the Surinam coast in Block 31, the area acquired by Teikoku.

Security

The Surinam Police Force (KPS) maritime branch has acquired 16 new vessels in different classes for patrolling inland waterways. KPS forensic research for crime scene investigation has been boosted by the purchase of new equipment for its Forensic Laboratory at Nieuwe Haven Police Station. At another occasion a large batch of new motorcycles was handed over to KPS.

(De Ware Tijd)

Angola retail one of most active sectors in 2008

In Angola, Retail on January 10, 2009 at 4:35 pm

Luanda, – With the licensing of 4,180 large and small public and private shops and service markets, including “Nosso Super” network of supermarkets, municipal markets and Logistics and Distribution Centres (Clod), trade stood in 2008 as one of the most active sectors of the Angolan economy, alongside the oil industry, civil construction and agriculture.

Read the news feature at Angop

SA Pick n Pay to grow as rates drop

In Retail, South Africa on December 22, 2008 at 7:23 pm

This large retailer plans new stores as consumers look set to get more money in their pockets.

Read the story at Business Day

Car sales in Brazil slump 25 per cent

In Brazil, Retail on December 5, 2008 at 11:18 am

New car and lorry sales in Brazil dropped 25.7 per in November from the previous month, according to Anfavea, the auto manufacturers’ association.

Production fell even more sharply, by 34.4 per cent, as automakers adjusted to a collapse in consumer sentiment following the onset of the global credit crisis. Exports also fell, by 23.1 per cent.

Plateau, in Praia, free of street vendors

In Cape Verde, Retail on December 3, 2008 at 2:08 pm

Praia’s central Plateau district awoke Monday, December 1, with more space for pedestrians, who, instead of being forced to walk in the street, were able to stroll calmly on the sidewalk. The reason? Plateau’s notorious street vendors left the city center, in an operation that, surprisingly, took place without any major commotion. The scene, however, at the nearby Sucupira market, where they were transferred, was less tranquil, as the vendors tried to secure available spaces to sell their goods.

Read full story in A Semana

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