Retail giant, OK Zimbabwe says it was forced to raise prices in the past year due to cost of sourcing foreign currency,...
May 24, 2018
GOVERNMENT is now fine – tuning the implementation matrix of the $1 billion investment into the Zimbabwe Iron and Steel...
South African gold miner AngloGold Ashanti plans to cut 2,000 jobs at its domestic operations, it said on Wednesday....
May 23, 2018
Malawi's economy is expected to grow 5.1 percent in 2018, supported by more infrastructure investment and social spendin...
Zimbabwe will not require foreign mining companies to list locally as previously announced and will remove the clause fr...
Ethiopia's state-run telecoms monopoly has agreed to allow some local firms to provide internet services through its inf...
Software Group, which is headquartered in Nairobi, is expected to install agency, Internet and mobile banking platforms...
Sitting outside the ramshackle Vimba Tavern in Johannesburg's Alexandra township, Patrick Mashego swigs from a...
JOHANNESBURG - South African-based Murray & Roberts has agreed in principle to take over construction firm...
South Africa Finance Minister Nhlanhla Nene said on Tuesday that the outlook for tax revenues remain unchanged, in a blo...
GOVERNMENT has raised concerns over lack of investment into exploration in mining amid palpable fears that without new m...
Surface Wilmar Group Zimbabwe is set to acquire a 50 percent stake in the Cotton Company of Zimbabwe (Cottco)...
Shareholders of Barclays Africa Group Ltd (JSE:BGA) have given approval for the entity’s name to be changed to Absa Grou...
May 18, 2018
Zimbabwe will soon launch a new mining policy targeting to grow the industry to $17 billion by 2030, driven by a wave of...
OLD Mutual plc plans to delist its shares from the Zimbabwe Stock Exchange (ZSE) on Friday June 29 as part of the group’...
Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to $82-billion, a 2% increase on...
The Punitive 15 percent value added tax, higher fuel levy, and violent strikes all contributed to the weakening of trade...
Zimbabwe has signed a US$153 million loan agreement with the China Eximbank to expand its international airport in the c...
Aspen Pharmacare, Africa's biggest generic drugmaker, said on Thursday it had secured a 3.4 billion euro ($4 billion) cr...
THE $500 million Zisco Debt Assumption Bill now awaits Presidential assent after it sailed through third reading in 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