THE National Social Security Authority (NSSA) has identified a new company that will re-open its $39 million hotel in Be...
May 18, 2018
THE Insurance and Pension Commission of Zimbabwe (Ipec) says pension funds have more than $28 million worth of unclaimed...
May 17, 2018
ZIMBABWE is still importing grain despite claims by the government that it had stopped doing so in February last year fo...
Zimbabwe’s annual rate of inflation for April rose marginally by 0,03 percentage points on the March rate to 2,71 percen...
Crocodile skin producer, Padenga Holdings Limited’s harvest year to date has amounted to 7 493 skins as the firm remains...
The Arcadia lithium project, in Zimbabwe, is on track to start production in the second quarter of 2019, with developer...
Zimbabwe’s largest financial institution, CBZ Holdings’ total income for the three-month period to March 2018 is up 20.1...
May 16, 2018
According to the Communications Authority of Kenya’s (CA) data, mobile commerce transactions increased by 64 percent to...
In a major foreign policy shift, the United Kingdom (UK) is teaming up with Standard Chartered Bank to lend Zimbabwean c...
hina's foreign minister on Wednesday took a swipe at the United States' trade policy and defended international free tra...
South African mining firm Tharisa has bought a 90 percent stake in Salene Chrome Zimbabwe Limited, it said on Wednesday,...
Ugandan power distributor Umeme Ltd plans to spend $1.2 billion in the next seven years to revamp and expand the grid an...
MINES and Mining Development Minister Winston Chitando says a new gold development policy is being formulated...
AIM-listed Caledonia Mining Corporation plans to increase its stake in Gwanda-based gold producer, Blanket Mine, follo...
HWANGE Colliery Company has suspended its managing director Thomas Makore to facilitate an investigation into allegation...
THE Reserve Bank of Zimbabwe (RBZ) says it continues to engage banks over the cost of borrowing, as directed by Governme...
Safaricom, Kenya’s largest telecom firm, together with Amdocs, has announced the purchase of security software to curb r...
Safaricom launched a voice biometrics system dubbed jitambulishe in December last year with the aim of reducing fraud an...
Private investment firm TPG has paid $47.5million (R581.5m) to acquire an unspecified stake in Kenyan digital payments f...
South Africa’s jobless rate stayed near a 15-year high in the first quarter as optimism following the ascent to powe...
May 15, 2018
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