Brainworks has reported a loss position for the 12 months period to December 2017 as aims to unlock value through a regi...
Apr 11, 2018
Just a week ago, the minister of Social Welfare and Labour fired NSSA’s board chairman Robin Vela and one week on, the a...
THE African Medallion Group (AMG) has introduced a $1 billion gold-backed bond certificate, in a development that is exp...
The Zimbabwe Stock Exchange (ZSE) has extended CFI Holdings Limited’s suspension from trading on the bourse by an additi...
TSL shareholders will receive a $4,8 million once-off dividend from proceeds of disposal of the diversified group’s shar...
GOVERNMENT realised a measly $282 million in six years through taxes and dividends from diamond firms that operated in C...
The Bank of Mozambique has fined 15 commercial banks and other financial institutions a total of 316.49 million meticais...
The Emerging Africa Infrastructure Fund (EAIF) on Tuesday announced that it has successfully completed its latest fundra...
Telkom Kenya plans to merge operations with Indian-owned Bharti Airtel’s local unit as a first step to acquiring all of...
Nestle wants to make all of its packaging recyclable or reusable by 2025, the Swiss food giant said on Tuesday, becoming...
The World Bank raised its forecasts for the South African economy on Tuesday but warned that growth potential would rema...
Rwanda's year-on-year inflation edged up to 0.9 percent in March from 0.7 percent in February, the statistics office sai...
Tunisia plans to recover 6.5 billion dinars ($2.72 billion) of bad loans in three public banks as part of its banking re...
South Africa's manufacturing output came in below expectations in February following a run of five months of robust grow...
Petra Diamonds said on Tuesday that it has finalised an agreement with its lenders for a waiver of its December 2017 d...
Libstar Holdings Propriety Ltd, a South African consumer goods company, plans to raise 1.5 billion rand ($124 million) t...
Apr 10, 2018
PPC is weighing expansion into new markets as South Africa’s biggest cement maker seeks to draw a line under a tumultuou...
LafargeHolcim sees improving profit margins at its Africa unit this year as Nigerian and South African economies pick up...
Southern Africa-focused exploration and development company Caledonia Mining’s 49%-owned Blanket mine, in Zimbabwe, prod...
UbaPesa is a peer-to-peer money market app where users can borrow and lend money. Led by a team with experience in runni...
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