SOUTH Africa's big banks continue to rake in profits despite a subdued economy and a rise in policy uncertainty bedevill...
Sep 10, 2018
AFRICAN Sun Limited (ASL) has announced it will spend $2,1 million in the last quarter of 2018 on refurbishments to impr...
Nine companies have been granted Special Economic Zone status in a development that will expedite Government’s drive to...
Fuel consumption has spiked 24 percent to 752,4 million litres between January and June this year, largely in response t...
Zimbabwe resumed diamond auction last week, but attracted fewer international buyers than expected, the Minerals and Mar...
Harare – Zimbabweans in the diaspora and those in the country will receive benefits for using the Zympay platform, ZB Ba...
Sep 07, 2018
Harare - AIM Listed mining company, Vast Resources reports that its expansion initiatives in Zimbabwe continue to progre...
Harare – Investment holding company, Brainworks Capital revenue for the six months ended June 30 2018 increased by 28 pe...
NATIONAL Tyres Services (NTS), a retailer of new tyres and tubes, is battling the influx of smuggled tyres, new and used...
THE country’s manufacturing sector capacity utilisation is set to exceed 50 percent this year on the back of gains achie...
A report by professional services firm PricewaterhouseCoopers (PWC) indicates that insurance premiums across Africa are...
South Africa’s ailing economy received a further blow after Moody’s Investors Service slashed the country's growth forec...
Mozambique is joining an international certification process aimed at establishing the origin of diamonds and avoiding t...
The Mozambican Economic Climate Indicator (ECI) fell in July for the third consecutive month, the National Statistics In...
Puma Aviation, part of Puma Energy, the global integrated midstream and downstream energy company, has announced its ent...
Nigeria's central bank has debited Standard Chartered 2.4 billion naira ($7.86 million) after it fined the lender for he...
Harare - CBZ Holding Limited has emerged as the most profitable bank in Zimbabwe after doubling its profit in the first...
Sep 06, 2018
Harare - The President of the African Development Bank, Akinwumi Adesina, has urged Chinese business leaders to attend t...
Harare - Zimbabwe is among Africa Export Import Bank (Afreximbank) countries due to benefit from a $25 billion industria...
The Mozambican government is setting up marketing centres for gemstones and precious metals, in order to capture for the...
NMB Bank's non-performing loan (NPL) ratio rose to 1.2% in the first half of 2024, up from 1.1% at the end of 2023. This increase, coupled with the recalibration of the local currency book following
The Reserve Bank of Zimbabwe has injected US$114 million into the forex market to meet rising demand for foreign currency and stabilize the run-away ZiG. In a statement, RBZ said US$50 million was inj
FBC Holdings’ total income has surpassed ZWG2 billion in the half-year to June 2024 despite experiencing a currency carnage in the first quarter. The group reported ZWG2.1 billion during the period u
African Sun, Zimbabwe's largest hotel group, is gearing up for a significant disposal of assets following the recent sale of two underperforming hotels for $6.9 million. This strategic move aims to op
TSL Limited has achieved a commendable performance in the third quarter ended 31 July 2024, with group revenue rising by 13% year-over-year. This growth was largely driven by increased volumes in the
Zimbabwe's electricity prospects have taken a hit as Hwange Units 7 and 8 undergo Class C maintenance, a statutory requirement that will take 600 megawatts off the national grid. This is a substantia
Proplastics, a leading manufacturer of PVC piping and fittings, has reported a significant decline in export sales, from 15% of total sales in 2023 to a mere 1% in the first half of 2024 primarily due
South Africa's Rand Merchant Bank conducted research on 31 African countries, producing a ranking chart for the best and worst places for investment among these nations. President Mnangagwa, upon ass