Search results for 'Africa Business'
Companies
African Sun Limited's HY Results: Losses Widen, but Real Estate Shows Promise

Largest hotelier group, African Sun Limited's (ASUN), real estate market performed well during the first half of 2024 (1HY), with its contribution increasing from 2% to 6% and generating an additional

Oct 08, 2024
Companies
Innscor Starts FY25 on Firmer Note, but VAT Changes Weigh on Industry

Largest foods processor, Innscor Africa Limited has posted a solid Q1 performance for the period to 30 September 2024. This performance which saw over 90% of its units on the upward trend, sustain gro

Nov 19, 2024
Zimbabwe
Formalizing the Fringes: Can National Venture Capital Company of Zimbabwe Unlock Informal Sector Growth?

The Ministry of Finance in Zimbabwe has unveiled the National Venture Capital Company of Zimbabwe (NVCCZ), an ambitious initiative aimed at catalysing economic expansion through the provision of equit

Jan 17, 2025

Top Stories

Eagle REIT Profit Jumps 1,100% as Mazowe Walk Opens at 93% Occupancy

Eagle REIT has recorded a profit of USD 213,936 for the first quarter ended 31 March 2026, against USD 17,828 in Q1 2025, a growth rate of approximately 1,100%, a more than tenfold increase in a singl

1 minute ago

ZECO’s Occupancy Push Hits Revenue Wall, Q1 Sales Slip

ZECO’s retail property portfolio occupancy rate has rose to 55.88% in the first quarter ended 31 March 2026, up from 46.67% in the corresponding period last year, a 921 basis point improvement. This r

28 minutes ago

Harare Moves Closer to BRICS Bank: NDB Starts Membership Talks

When Harare announced formal accession talks with the New Development Bank on 15 May 2026, it signalled its place in the defining financial contest of our era, Aliko Dangote’s USD 1 billion pivot to Z

1 hour ago

Mthulinomics: AfDB Approves USD 4 Million Grant for Debt Clearance Process

The African Development Bank Group has approved a USD 4 million grant to support Zimbabwe’s arrears clearance and international re-engagement efforts through the Zimbabwe Arrears Clearance Dialogue En

1 hour ago

Simbisa’s Big Run: US$85 Million Revenue Growth Faces Margin Test

Simbisa Brands, Zimbabwe's largest quick service restaurant operator, closed the third quarter of 2026 financial year with group revenue of US$85.3 million, up 23% year on year, driven by a 14% increa

16 hours ago

WestProp’s 80% Revenue Jump Faces Profit Conversion Test: Tax Consumes Half of Incremental Profit

WestProp Holdings Limited has reported revenue of USD 8.06 million for the first quarter ended 31 March 2026, an 80.2% increase on the USD 4.47 million recorded in Q1 2025, with net profit reaching US

21 hours ago

Zimbabwe’s 2026 Cotton Marketing Season Opens Amid Recovery in Output and Area Expansion

The broader significance of the 2026 cotton season lies in what it signals about rural agricultural recovery. The simultaneous increase in output, hectarage, and marketing infrastructure suggests that

1 day ago

The Great Africa Trek Pays Off: Regional Footprint Sprints Zimre to a Historic 142% Profit Surge

Zimre Holdings Limited has reported a 142% increase in profit for the first quarter ended 31 March 2026, rising from US$1.70 million to US$4.12 million, driven by strong top-line performance across al

1 day ago