Africa’s richest man, Aliko Dangote has renewed his interest in investing in Zimbabwe, but seems to have moved away from...
Apr 13, 2018
The Zimbabwe Anti-Corruption Commission has launched an investigation into The Cotton Company of Zimbabwe amid revelatio...
The cancellation of the Geiger International road dualisation deal has exposed that incompetence and corruption abounded...
The governor of the Bank of Mozambique, Rogério Zandamela, said yesterday that his institution was trying to persuade co...
The central bank of the Democratic Republic of Congo (DRC) cut its monetary policy rate by 600 basis points to 14.0 perc...
The search for a single East African currency is set to go a notch higher as the regional parliament prepares laws for s...
The value of mobile commerce transactions, including those designated as Pay Bill and Buy Goods and Services, has passed...
Annual inflation in Nigeria stood at 13.34 percent in March, down from 14.33 percent in February, the National Bureau of...
Namibia's consumer inflation was unchanged at 3.5 percent year-on-year in March, official data showed on Thursday. On...
Troubled South African retailer Steinhoff, raised 3.75 billion rand ($314 million) from the sale of a 6 percent stake in...
Diageo's East African Breweries (EABL) will start producing Captain Morgan rum locally as part of wider investment in it...
Zambia's $8.7 billion foreign debt has not been understated and those saying it is higher should produce evidence, the m...
LIQUID Telecom has stepped up efforts to sign on more businesses to adopt Microsoft’s cloud services following a partner...
Apr 12, 2018
Zimnat Life Assurance has launched a new low income group life product targeted at the civil service, private sector and...
Seed Co, Zimbabwe’s biggest supplier of a variety of certified crop seeds, has introduced a new climate smart variety of...
PARAFFIN, a key energy source for low-income households, is currently in short supply and mostly available at higher pri...
Zinc prices are expected remain buoyant in the coming years after reaching their highest levels in a decade because of a...
Apr 11, 2018
Sub-Saharan Africa’s mining sector will remain the riskiest in the world over the coming quarters as regulatory uncertai...
South Africa's state power utility Eskom is sounding out possible buyers for its mortgage business, a tender document sh...
Troubled South African retailer Steinhoff plans to sell 6 percent of its domestic Steinhoff Africa Retail operation to...
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