ZIMBABWE should abandon its old thermal power stations, which have become a major financial drain and invest in brand ne...
Mar 05, 2018
Zimbabwe Consolidated Diamond Company (ZCDC) will spend at least US$200 million in 2018 open new mines in the eastern pr...
Mar 02, 2018
THE National Railways of Zimbabwe says it is targeting to register over $90 million in revenues this year, after receivi...
THE central bank this week disclosed that the foreign payment backlog now stretches as far as 12 months for many compani...
THE Zimbabwe Consolidated Diamond Company (ZCDC) is behind schedule in commissioning a 450-tonne per hour conglomerate p...
LOCAL diamond cutting and polishing companies have expanded their operations in the last few months in anticipation of t...
Revival of National Railways of Zimbabwe comes as one of key economic deliverables that will set many companies on a rec...
GRAIN milling company, Blue Ribbon Foods Limited has saved around $4,5 million in the past 18 months after procuring mai...
Banks operating in Kenya and other African countries are the second most profitable globally after those in Latin Americ...
Kenya’s February inflation rate recorded at 4.46 percent, its lowest point since May 2013. This was a drop compared...
The Implats group on Thursday delivered an improved performance at most operations for the half-year ended December 31,...
South African President Cyril Ramaphosa said on Thursday he wants talks on the thorny topic of land expropriation to avo...
South Africa’s wheat imports are expected to more than double to 2.1 million tonnes in 2018 from 935 000 tonnes last yea...
The Mozambican parliament, the Assembly of the Republic, on Thursday passed the first reading of a government bill amend...
Mar 01, 2018
The African Export-Import Bank plans to sell shares worth as much as $1 billion over the next five years to diversify it...
Zimbabwe must offer foreign miners a consistent legal framework, the right to keep a controlling stake in operations and...
Barclays Africa Group, South Africa's No.2 lender by market value, plans to extend its reach throughout the continent, i...
Anheuser-Busch InBev (AB InBev), the world's largest beer maker, expects its new $250 million brewery being built in Sag...
The Mauritius central bank left its key repo rate unchanged at 3.5 percent on Wednesday, the monetary policy committee s...
South Africa's much bigger-than-expected trade deficit in January wiped out 12 consecutive months of surpluses, as expor...
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
Zimbabwe Alloys Limited (ZimAlloys) has resumed production years after shutting down its furnaces according to the compan’s Managing Director, Deric Dube. A registered company in Zimbabwe, ZimAlloys s