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
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
The Zimbabwe Gold (ZiG) experienced a notable decline on September 13, 2024, trading closer to ZWG14 per US dollar, marking one of its worst performances to date. This follows a weekly loss, with the