Redcliff-based steel manufacturer, Steelmakers Ltd has embarked on a three -year expansion programme that will see the c...
Aug 08, 2018
HARARE, August 8 – Zimbabwe’s largest gold producer Metallon says it is planning to plough $350 million in modernising i...
The move last week by NetOne CE to fire 9 executives is a telling case of a company in dire financial straits and desper...
HARARE (EA NEWS)- In light of the escalating tensions at NetOne, the country’s second largest telco operator, embattled...
One million tourist visit last year netted Mozambique more than US$150 million dollars, Minister of Culture and Tourism...
Harare – Leading Platinum Mining Company in Zimbabwe, Zimplats Holding Limited in a report for the quarter ended June 30...
Aug 01, 2018
HARARE – During the week ending 20th July 2018, the total value of transactions processed through the National Payments...
South Africa’s jobless rate stayed near a 15-year high in the second quarter as factories shed jobs. The unemployment r...
Nedbank, working with Mastercard and Entersekt, has launched QR (or quick-response) payments to Masterpass, Pay@, SnapSc...
The South African residential property sector delivered a total return of 12.3% last year, comprising 3% capital growth...
A Chinese-Mozambican consortium, LIS/INSPUR, is now charged with leading the digitisation of Mozambique’s tax collection...
METALLON Corporation Limited yesterday announced a $530 million investment pitch towards modernisation of its four local...
A resurgent currency and the return of foreign investment have helped South African bonds to the top of the emerging...
Jul 31, 2018
Trouble-prone information and communications technology (ICT) group EOH Holdings fell 3.03 percent on the JSE yesterday...
Mozambican exports generated about US$1.1 billion in the first three months of this year, an increase of 19.7 percent ov...
Schweppes Zimbabwe Ltd intends to venture into production of oranges as the company seeks to boost feedstock for its jui...
ZimCoke (Pvt) Limited plans to invest $133 million towards resuscitation of the Coke Oven Battery plant segment of the d...
The country’s biggest retail group, OK Zimbabwe’s revenue for the first quarter of the financial year 2019 rose 20 perce...
The Zimbabwe Asset Management Company (Zamco), a special purpose vehicle created by the Reserve Bank of Zimbabwe (RBZ) t...
Jul 27, 2018
ASBESTOS fibre cement products manufacturer Turnall Holdings will be debt free by the end of the 2019 financial year aft...
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