The World Bank today approved a $180 million International Development Association (IDA) Guarantee to mobilize private s...
May 10, 2018
Safaricom, Kenya’s largest listed company beat analyst expectations with a 19.9% jump in its full year 2018 net income t...
It was just a matter of time before the world’s largest retailer got its hands on the biggest e-commerce company in the...
South Africa's consumer price inflation is under control but it is too early for the central bank to declare victory in...
Mozambique's annual consumer price inflation slowed to 2.33 percent year-on-year in April from 3.05 percent in March, th...
Bank of England interest rates looks set to stay on hold on Thursday, after unexpectedly weak economic data and cautious...
LISTED financial services group, Zimre Holdings Limited (ZHL), recorded a $5,8 million profit during the year ended Dece...
May 09, 2018
ZIMSWITCH Technologies, a company that provides interoperability for local financial payment systems, has intr...
THE monthly food basket for a family of six increased by 0.49 percent to $591.98 in April due to the persistent cash sho...
The Infrastructure Development Bank of Zimbabwe (IDBZ), has obtained board approval to spend $10 million to acquire land...
THE Reserve Bank of Zimbabwe (RBZ) says the increase in the price of bread to $1 from 90 cents was arrived at following...
Aim-listed mining and resource development company Vast Resources achieved record first-quarter gold production of 6 326...
May 08, 2018
Zambia concluded audits of mining companies that prompted the nation to slap Canadian miner First Quantum Minerals with...
Vivo Energy, a leading retailer and marketer of Shell-branded fuels and lubricants in Africa, has listed on the London S...
Cement consumption has reduced by 6.2 million tonnes for the first time in 17 years because of low demand, the Economic...
Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits, despite...
Eskom coal and open cycle gas turbines (OCGT) costs are still within the budget approved by the National Energy Regulato...
President Donald Trump said on Tuesday he was reimposing economic sanctions on Iran and pulling the United States out of...
South Africa's Barloworld Limited on Tuesday said it expected its half year profit to rise by as much as 20 percent boos...
South African hotel and casino operator Sun International Ltd said on Tuesday it planned to offer 25.9 million shares in...
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