The National Cashew Institute in the province of Zambézia sold 17,056 tonnes of cashew nuts in the first quarter of this...
May 07, 2018
French energy giant Total SA plans to boost oil exploration and open more fuel stations in Africa’s most industrialised...
May 06, 2018
The International Monetary Fund (IMF) has approved a new three-year $112.3 million loan arrangement for Malawi to assist...
Tunisia’s annual inflation rate rose to 7.7 percent in April from 7.6 percent in March, official data showed on Saturday...
Africa's biggest securities exchange, the JSE Ltd is crafting tighter disclosure rules for companies with listed debt in...
Sibanye-Stillwater said on Friday that it would this year start a process of finding a new external auditor for 2019 to...
PGM production at Mimosa mine for the three months to March 31, 2018 increased marginally to 30,129 ounces compared to 2...
May 04, 2018
DELTA Corporation says the viability of its Shumba Maheu business unit with a monthly turnover of over US$1 million is b...
Dairy production in the first quarter of 2018 has been hampered by the shortage of foreign currency and the prevalence o...
OPERATIONAL challenges at Hwange Colliery Company Limited have hit hard on Zimbabwe Chemical Refineries (Zimchem), which...
Brainworks, the Zimbabwean-focused investment company, will prioritise beefing up its balance sheet with a view to makin...
Vantage Capital, a mezzanine fund manager based in South Africa, has announced that it has funded Rosslyn Riviera Shoppi...
Diversified miner Glencore on Thursday reported that its production for the first quarter was largely in line with expec...
Zimbabwe’s government plans to sign a $700-million deal with an investor that will develop a coal-bed methane site, Mine...
KPMG's scandal-hit South African arm lost another major client on Thursday when Barclays Africa Group dropped it as join...
May 03, 2018
U.S. stock indexes were down on Thursday, but off their session lows on what some traders said was due to technical buyi...
Short-sellers who had targeted Tesla Inc logged a $700 million paper profit on Thursday after the stock fell nearly 9 pe...
South African power utility Eskom, which is struggling from a financial crisis, said on Thursday that it would not resor...
South African gold producers agreed a 5 billion rand ($400 million) class action settlement on Thursday with law firms r...
Mozambique’s public electricity company (EDM) needs $6.6 billion (€5.5 billion) to ensure everyone has access to electri...
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