The government will pay 17 percent of the state’s debt to private sector suppliers this year, Deputy Minister of Economy...
Feb 22, 2018
Kenyan mid-tier Commercial Bank Africa (CBA) has acquired Crane Bank Rwanda from Uganda’s Dfcu Bank (USE:DFCU). CBA s...
Zambia's central bank continued to ease its monetary policy stance by cutting its policy rate and the reserve requiremen...
Glencore and Randgold Resources are among major mining companies in the Democratic Republic of Congo clubbing together i...
Feb 20, 2018
The Mogalakwena platinum mine lived up to its reputation of being the most profitable platinum group metals (PGM) mine o...
Anglo-American Platinum’s local unit Unki mine produced a record 165,900 platinum group mineral ounces in 2017, an incre...
The Mozambican government plans to surrender management of nine national airports to private companies as a way of impro...
Locomotives, wagons and coaches delivered by the Diaspora Infrastructure Development Group (DIDG) to National Railways o...
China was the top country that advanced bilateral loans to Kenya in 2017, latest data from the Treasury shows. China gav...
Ingvil Smines Gjedde, Deputy Minister of Oil and Energy of the Kingdom of Norway, is visiting Mozambique from this Monda...
Zambia will rearrange loans from Chinese companies and instead look to borrow directly from the Asian giant’s government...
Zimbabwe’s central bank said it plans to sell bonds for citizens outside the country to invest in gold and tobacco outpu...
A tariff on steel imports to the United States could hurt theSouth African sector which has battled against cheap import...
State-run Kenya Electricity Generating Company (KenGen) plans to add 1,745 megawatts (MW) of electricity from geothermal...
South Africa's new leadership headed by newly-elected President Cyril Ramaphosa is a 'credit positive' for many of the c...
Production of tea, Malawi's second largest export commodity after tobacco, rose 6 percent to 45.6 million kilograms in 2...
Harare- Simbisa Brands, a local quick service restaurant brand, with a huge regional exposure and a listing on the ZSE,...
Feb 19, 2018
South Africa's finance ministry is set to spell out "tough decisions" in its 2018 budget on Wednesday to plug a revenue...
GWERU-based ferrochrome producer, Zimbabwe Alloys (ZimAlloys), has started exploiting alluvial concentrates, at its clai...
Feb 16, 2018
Simbisa Brands, Zimbabwe's largest fast-food outlet, has opened a net total of 57 new company-operated stores between 30 September 2023 and 30 September 2024 with 5 opened in the first quarter of the
First Capital Bank has posted a solid third-quarter performance, driven by a restructuring exercise aimed at enhancing its operating model. In the banking sector, restructuring refers to the process
The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the
Proplastics, a premier plastics products manufacturer and distributor, reported subdued year-to-date (YTD) results for the nine months ended September 30, 2024. The company experienced a 5% contractio
WestProp Holdings, a prominent real estate company's customer contracts have surged by 35% contributing an increase of 11% to its year-to-date revenue in a trading update for the period ended 30 Sept
EcoCash Holdings reported a 185% surge in deposits to ZWG1.37 billion for the six months ended August 31, 2024, compared to ZWG483 million in the corresponding 2023 period. This significant growth wa
Zimplow Holdings Limited reported a 12% decline in topline to US$20.6 million, in the thrird quarter to 30 September 2024 compared to the prior year according to the company’s latest trading update.
NMB Zimbabwe's loan book expanded significantly, with loans and advances surging 110% to ZWG2.7 billion for the third quarter ended September 30, 2024. This growth was driven by the bank's successful
