Leading fashion and lifestyle retailer TFG shared its strategy to revolutionise the omnichannel experience and transform into Africa's leading high-tech omnichannel retailer. "We are laying the foundations to become the largest, most reliable and most profitable e-commerce destination on the continent; via a simplified, customer-centric approach, aimed at maximising group scale, minimising duplication and cost, and leveraging our incredible assets," shared newly appointed co-chief omni officer Claude Hanan. The announcement came as part of the retailer's 2021 financial year-end presentation.Issued byTFG (The Foschini Group)
According to a recent statement from the Egyptian minister of planning and economic development, Hala El-Said, the government plans to inject about E£136.4bn during 2020/21 towards the urban development sector. The amount is analogous to 18.5% of Egypt's total investment plan for the fiscal year, reports Egypt Today.
Image source: Gallo/Getty
The investment is compartmentalised into three parts: at a rate of 45.6% (E£62.1bn) the real estate-related investments are considered the major field, whereas the construction works-related investments constitute 28.5% of investment (E£38.9bn), and the water and sanitation-related investments amount to 25.9% (E£35.3bn).
According to a ministerial report, the urban development sector's share in the country's gross domestic product (GDP) is expected to reach about E£706bn during 2020/21, with a 4.7% growth rate compared to the previous year. According to the report, Egypt aims to boost the output of the urban development sector at current prices from E£1680.3bn in 2019/20 to about E£1975.2bn during the 2020/21 period, while at constant prices, it aims to increase the sector’s output by 5.7%.
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.