Finance and Economic Planning Minister Patrick Chinamasa is optimistic Zimbabwe will meet its 4,5 percent economic growt...
Mar 16, 2018
One of African Sun’s hotels — Elephant Hills in Victoria Falls AFRICAN Sun Limited has recorded a 19 percent grow...
Total revenue for the year from continuing operations jumped to GBP10.4 billion (GBP6.2 billion). Profit attributable to...
Revenue for the year increased to R9.517 billion (2016: R8.954 billion), gross profit rose to R1.756 billion (2016: R1.6...
Zimbabwe has attracted around $300 million in its coal industry that will quadruple production next year versus 2017, it...
Ruling party agreed constitution must allow land seizures. South Africa’s government will ensure land reform takes...
Adidas sent a message to investors who had feared a hard landing for the company’s growth story: there’s plenty of life...
Great Dyke Investments (GDI) Ltd said on Thursday it would invest around $400 million to build a precious metals mine an...
Soap and shampoo maker PZ Cussons warned on full-year profit and said it would cut costs as it fights weaker sales in th...
Mar 15, 2018
Stanbic Holdings has reported its numbers for the full year period ended Dec 2017. Notably, non-interest income grew by...
BULAWAYO giant cooking oil manufacturer, United Refineries Limited (URL), has added vegetable juice manufacturing to its...
THE African Development Bank (AfDB) has extended a three and half year $25 million loan facility to the local private se...
THE Zimbabwe Revenue Authority (Zimra) has surpassed its gross revenue target of $322,53 million in February by 5,1 perc...
The US Securities and Exchange Commission (SEC) has slapped KPMG, Deloitte & Touche, and BDO for their involvement i...
Glencore Plc, the world's biggest producer of cobalt, has agreed to sell around a third of its cobalt production over th...
STANLIB Index Investments listed three new Exchanged Traded Funds (ETFs) on the Johannesburg Stock Exchange (JSE), furth...
West Africa's regional BRVM bourse is targeting 12 new listings between 2018-2020, including one bank this year, the Abi...
Crisis-hit South African retailer Steinhoff raised 3.66 billion rand ($311 million) from the sale of a 16.7 percent stak...
Ghana's annual consumer price inflation edged up to 10.6 percent in February from 10.3 percent the previous month, mainl...
The International Monetary Fund (IMF) on Wednesday approved a three-year, $157.6 million credit facility for Burkina Fas...
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