The Zimbabwe Power Company (ZPC) yesterday started drawing down on the $1 billion facility extended by the Chinese Gover...
Jun 01, 2018
THE Infrastructure Development Bank of Zimbabwe (IDBZ) has concluded the acquisition of 100 hectares of land across the...
Coca-Cola Beverages Africa (CCBA), the continent’s largest soft drinks bottler, said on Wednesday it would invest $100 m...
May 31, 2018
The Lerala diamond mine, in the Palapye region of Botswana, on Wednesday sold for more than $8-million in an online auct...
A draft report by the Communications Authority of Kenya (CA) on increasing competition in the telecommunications sector...
Zimbabwe is expected to import crude edible oil worth $200 million this year in an effort to supplement local production...
Only 54% of tobacco farmers have complied with a government directive to destroy all stalks of the crop, risking an outb...
Following its acquisition by FMB Capital of Malawi, Barclays Bank Zimbabwe, says it is investing around $10 million in r...
Mozambique plans to sign an agreement with Rosneft and ExxonMobil on gas field exploration in the north of the country b...
Half of Mozambican building contractors are on the verge of declaring bankruptcy as a result of the economic crisis in t...
The Mozambican government has decided to increase the minimum capital of insurance companies from 33 million meticais (E...
First Mutual Properties is working on modalities to scale down the $50 million investment, which was initially earmarked...
May 30, 2018
LISTED construction firm Masimba Holdings is putting final touches to the construction of Old Mutual’s $21,4 million Sma...
Politics dominated markets on Monday, with risk appetite withering in Europe as Italy lurched toward fresh elections. Th...
Tanzania has directed multinational companies operating in the country's extractive sector to open local bank accounts s...
Kenya's largest telecoms operator Safaricom could be forced to offer rivals access to its transmission sites and its vas...
The Harare High Court has revoked a ban by the Reserve Bank of Zimbabwe (RBZ) preventing cryptocurrency exchanges from a...
South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($...
Telkom SA will focus on new revenue streams such as mobile and broadband, its CEO said after full-year earnings at South...
May 29, 2018
Sugar producer Tongaat Hulett TONJ.J said on Monday its full-year profit fell by 37 percent, weighed down by higher-than...
Simbisa Brands, Zimbabwe's largest fast-food outlet, has opened a net total of 57 new company-operated stores between 30 September 2023 and 30 September 2024 with 5 opened in the first quarter of the
First Capital Bank has posted a solid third-quarter performance, driven by a restructuring exercise aimed at enhancing its operating model. In the banking sector, restructuring refers to the process
The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the
Proplastics, a premier plastics products manufacturer and distributor, reported subdued year-to-date (YTD) results for the nine months ended September 30, 2024. The company experienced a 5% contractio
WestProp Holdings, a prominent real estate company's customer contracts have surged by 35% contributing an increase of 11% to its year-to-date revenue in a trading update for the period ended 30 Sept
EcoCash Holdings reported a 185% surge in deposits to ZWG1.37 billion for the six months ended August 31, 2024, compared to ZWG483 million in the corresponding 2023 period. This significant growth wa
Zimplow Holdings Limited reported a 12% decline in topline to US$20.6 million, in the thrird quarter to 30 September 2024 compared to the prior year according to the company’s latest trading update.
NMB Zimbabwe's loan book expanded significantly, with loans and advances surging 110% to ZWG2.7 billion for the third quarter ended September 30, 2024. This growth was driven by the bank's successful
