Prodairy, a unit of Probrands says factory capacity has now reached two million litres per month from 1 million litres i...
Mar 13, 2018
CFI reported an 87 percent increase in profit before tax to $2,8 million in the five months to February...
In Summary Nairobi’s occupancy performance was the weakest of the 14 cities assessed with a decline of 11.1...
In Summary Local millers will have access to 600,000 tonnes of maize at $225 per tonne in what will plug a...
Mozambique’s annual consumer price inflation slowed to 2.93 percent year-on-year in February from 3.84 percent in Januar...
Ivory Coast's consumer prices fell 0.6 percent year-on-year in February, down from 0.2 percent inflation in January, dat...
Zimbabwe's state-owned electricity distributor has given businesses, including mines and large-scale farms, six months t...
Mar 12, 2018
Botswana has paid Norilsk Nickel $45 million to settle a dispute after its state-run mining company pulled out of buying...
Foreign airlines are struggling to repatriate at least $60 million to their jurisdictions which may affect their operati...
PROBRANDS managing director, Calum Philp revealed that the main challenge faced by the group’s subsidiary Prodairy was f...
ECONET Wireless Zimbabwe says it has begun the process to invest over $250 million into a solar power systems project am...
Summary * Automakers cutting amount of platinum in fuel-cell cars * Reductions come as fuel-cell tech gaining some t...
BOTSWANA and Zambia have agreed to incorporate Zimbabwe in the US$259 million Kazungula rail and road bridge project as...
The International Monetary Fund (IMF) has warned that Mozambique’s economic growth is likely to decline, while its publi...
Newly appointed energy minister Jeff Radebe on Thursday confidently announced at a media briefing that the 27 outstandin...
Democratic Republic of Congo's economy is stabilising as commodity prices rebound, its central bank said on Friday, reit...
Nigeria's President Muhammadu Buhari has approved an increase in excise duties on tobacco and alcoholic beverages, the f...
Government has met private sector Command Agriculture Scheme loan repayment obligations after farmers paid over 60 perce...
Zimbabwe’s life assurance industry, including reassurers, recorded a four percent growth in gross premiums written to US...
Global refined platinum production is forecast to fall by four percent to 5 850 ounces in 2018 mainly driven by reduced...
Mar 09, 2018
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