market, which was traditionally dominated by giants such as Mahomed Mussa. The company says its rapid penetration of the...
Mar 22, 2018
SIMBISA Brands Limited’s shareholders yesterday unanimously gave directors the green light to acquire a 50 percent stake...
Zimbabwe’s tax agency has extended its amnesty on outstanding levies that were accrued prior to December 1, 2017, with t...
Zimbabwe expects tobacco production to increase by nearly six percent to 200 million kilogrammes this year from 189 mill...
ZIMBABWE’S nostro premiums have dropped from average 60 percent to about 25 percent as a result of improved exports, Dia...
BULAWAYO- CBZH, the country’s top bank by asset size, has officially launched the second edition of the International SM...
NicozDiamond Insurance Limited group’s total income surged to $2,97 million in the financial year ending December 31, 20...
Mar 21, 2018
Zambia expects to produce more than one-million tonnes of copper this year after revising its 2017 copper production upw...
Glencore chief executive Ivan Glasenberg said that the automotive industry is waking up too late to the fact that the Ch...
Central Bank of Kenya Governor Dr Patrick Njoroge has confirmed that proceeds from the recent Sh 202 Billion ($1.999Bn)...
M-Kopa Solar has received a $10 million investment from FinDev Canada. The investment comes after the company completed...
In Summary At 83 per cent, Kenya is now at the top, with Nigeria coming in second at 81 per cent. This has b...
Manufacturing companies have become the biggest bank loan defaulters that also contributed the most to last month’s incr...
The amount of delayed payments by the government of Mozambique concerning its foreign debt has reached $636 million (€51...
Telkom raised R1 billion ($83 million) in its first debt issue of the year as South Africa’s biggest landline provider l...
Malawi's consumer inflation quickened to 8.1 percent year-on-year in February from 7.1 percent in January, official data...
The World Bank agreed a $600 million loan and grant to Ethiopia on Tuesday to fund roads and other infrastructure projec...
Mozambique on Tuesday presented creditors with three options for restructuring huge debts it is unable to repay until ga...
The world's financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to dif...
Fitch Ratings on Wednesday affirmed its A+ rating on China, and said tighter regulations have curbed financial risks wit...
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