NMB Bank has secured a $15 million line of credit facility for exporters as part of its efforts to enhance exports that...
Jul 04, 2018
hina's shift to consumption-led growth will have mixed credit implications for African sovereigns, flattening the trade...
Glencore tumbled the most in two years as its African troubles escalated dramatically after US authorities demanded docu...
Mozambique’s prime rate, the country’s benchmark interest rate, was kept unchanged at 22.5% in July, the Bank of Mozambi...
HARARE-Barclays bank Zimbabwe has entered a new transitioning phase after shareholders voted in favour of co–rebranding...
Jul 03, 2018
Harare - State-owned mobile telecommunications firm, NetOne says it has seen it fit to introduce DStv payments via their...
AFRICAN Sun Limited has appointed Mr Alex Makamure as new board chairman replacing Mr Herbert Nkala who has retired from...
Shareholders of Zimbawbe Stock Exchange (ZSE) listed short-term insurer NicozDiamond Insurance Limited (NDIL) have appro...
National Tyre Services Limited (NTS) profit for the year to March 30, 2018 jumped 175 percent to $117 851 from a loss po...
Zimbabwe’s capital markets are set for their most significant development in recent years as President Mnangagwa officia...
AGRIBANK has secured $10 million from the Egypt-based African Export-Import Bank (Afreximbank), which will be channelled...
Anglo-American Platinum (Amplats) shares rose more than 5percent on the JSE on Friday after the group released a favoura...
South Africa needs to improve its governance and regulatory transparency to attract more foreign direct investment (FDI)...
Harare - The African Export-Import Bank (Afreximbank) has introduced MANSA Repository, a customer due diligence platform...
Jul 02, 2018
The retail price of petrol in South Africa will rise by more than 1.5% from July 4, while the price of wholesale diesel...
South Africa recorded a R3.52billion trade surplus in May from an upwardly revised R1.17bn in April. Data from the SA R...
Zimbabwe’s current account deficit will widen by 0,8% by year end on the back of an increased foreign currency supply le...
GOVERNMENT has formed a new company, Hwange Electricity Supply Company (Hesco), to manage power generation under the $1,...
INTEGRATED telecommunications firm, TelOne, continues to show signs of recovery after narrowing its operating losses by...
RETAIL chain Choppies Zimbabwe on Friday opened its 18th branch in Bulawayo, bringing to 33 the number of branches it no...
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