The value of the business in Zimbabwe is reduced to zero in Group equity value due to the continued impact of hyperinflation on the Zimbabwean economy. However, the Zimbabwe business remained profitab

Nampak Zimbabwe Limited, a distinguished entity listed on the Zimbabwe Stock Exchange (ZSE), has maintained profitability in the 9 months to June 2023 despite facing power and supply constraints chal

Ariston Holdings, a prominent agricultural Group, has successfully concluded a solar project commissioned in July to mitigate the impact of power challenges on production costs and output. The decisio

Harare - In a landmark ministerial-level meeting, South Africa and Namibia, both esteemed members of the Southern Africa Development Community (SADC), embarked on a collaborative exploration of energy

For the six-month period ending June 30th, 2023, CEC reported revenues of USD 186.6 million, a 2% increase from the previous year, primarily attributed to regional and local power sales growth. The co

Zimbabwe's electricity generation reached its highest output on September 25th, as reported by the Zimbabwe Power Company.  This is the highest outturn in three months. A total of 1681 megawatts was

Zimbabwe's daily electricity generation dipped to 1556 megawatts from the previous day's record of 1681 megawatts, as reported by the Zimbabwe Power Company in its latest data release. Hwange Power S

Zimbabwe is facing an extended period of blackouts as the power utility, Zimbabwe Electricity Supply Authority Holdings, announced that Unit 7 of the Hwange power plant will be taken offline for 30 da

Persistent power outages throughout the year had a profound and adverse effect on the production and sales volumes of Willdale Limited, a prominent brick manufacturer. Consequently, the company's oper

Harare - Ariston Holdings Limited faced a formidable challenge as its loss position widened to a staggering ZWL$33 billion in the full year that ended on September 30, 2023, compared to a loss of ZWL$

Shumba Energy Ltd, a Botswana-based energy development company listed on the Botswana Stock Exchange, has announced steady progress towards financial closure for its flagship Tati Solar PV Project. Th

British American Tobacco (BAT) experienced a 21% decline in sales volumes during the first quarter of 2024 compared to the same period the previous year. This decline was attributed to changes in fisc

Nampak Zimbabwe’s profitability has been adversely impacted by the effects of prolonged drought conditions stemming from the El Niño climatic phenomenon according to its latest half-year financials. T

Africa's financial landscape is undergoing a remarkable transformation, fueled by the swift rise of financial technologies (fintech) and the burgeoning role of artificial intelligence (AI). The latest

Zimbabwe's trade deficit surged in June 2024, reaching over $200 million. The latest data from Zimstat shows the deficit rose by 39.6% to $218.9 million, up from $156.8 million in May 2024. A trade d

In its latest quarterly market update for the period ended 30 June 2024, Shumba Energy Ltd., an energy development company based in Botswana, has provided an in-depth look into its ongoing projects an

n a challenging economic landscape marked by volatile exchange rates, power outages, and ongoing liquidity constraints, Nampak Zimbabwe, a leading packaging firm says it will leverage on cost containm

ART Holdings Limited has announced a renewed focus on debt reduction as it navigates a challenging economic environment marked by persistent inflation, currency instability, and crippling electricity

imbabwe is teetering on the precipice of a catastrophic power crisis, with the situation at the Kariba Dam reaching a terrifying nadir. As of August 19th, 2024, water levels have plummeted to a criti

imbabwe's Energy Regulatory Authority (ZERA) is taking a proactive approach to streamlining the construction and operation of fuel stations, aiming to balance the growing demand for fuel access with p