As part of its long term virtual banking strategy, Barclays Bank of Kenya has unveiled Timiza offering, a phone-based vi...
Mar 19, 2018
Barclays Bank Kenya has partnered with Visa to introduce the premium Signature credit card in Kenya targeting the growin...
OVER 300 000 CABS depositors will struggle to access their funds, as cash in building society’s coffers significantly dr...
INDIAN soft drinks manufacturer, Varun Beverages, has started manufacturing operations in the country, but says the cost...
Milk processor, Dairibord Holdings Limited, will make a decision on the fate of its Malawi division in the next six mont...
THE National Social Security Authority (NSSA), has started consolidating its investment turnaround through venturing int...
CONGLOMERATE mining production at the Zimbabwe Consolidated Diamond Company (Pvt) Ltd’s (ZCDC) Chiadzwa diamond fields i...
A terminal for the storage and filling of domestic gas cylinders (liquid petroleum gas – LPG) will start operating in th...
According to the British magazine The Economist, the International Monetary Fund’s analysis of Mozambique shows that IMF...
Angola's inflation slowed to 21.47 percent year-on-year in February compared with 22.72 percent in January, data on the...
Barclays Kenya launched an app on Friday to allow customers to borrow up to 150,000 shillings ($1,484) for 30 days using...
Revenue for the year rose to R6.8 billion (R6 billion) and gross profit was higher at R1.44 billion (R1.39 billion). Pro...
Liu He to be a vice premier, Yi Gang to be PBOC chief * Zhong Shan re-elected as commerce minister, He Lifeng as NDRC...
Seven firms have submitted bids to buy a majority stake in Zambia's sole 24,000 barrel per day Indeni Petroleum Refinery...
The European Commission called for industry views on Friday on a list of U.S. products it will subject to import tariffs...
Zimbabwe’s largest financial house, CBZ Holdings reported a 16,8 percent increase in after tax profit to $27,8 million f...
Mar 16, 2018
Dairibord bounced back to profitability with an after tax profit of $1,34 million for the year to December 31, 2017, fro...
AFRICAN Development Bank (AfDB) has extended a $25 million trade finance line of credit to CABS for on-lending to the pr...
Innscor Africa Limited lost 2% or $6 268 952 in revenue during the group’s six months ended December 31, 2017, period du...
Total postal and telecommunication revenue grew 11,2% to $1,15 billion in 2017 driven by an upsurge in the consumption o...
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