Kenya, Uganda resume trade in sugar, milk
A section of Uganda businesses resumed trading with Kenya after the signing of a memorandum by Presidents William Ruto and Yoweri Museveni in Nairobi last week, ending longstanding issues choking...
View ArticleIndian billionaire Ambani targets African telecoms market
Asia’s richest man, Mukesh Ambani, is set to venture into Africa with a new telecom project, which plans to capture mobile broadband customers in this rapidly growing market.
View ArticleGhana central bank holds rate as currency slide slows disinflation
Ghana’s central bank held its main interest rate steady at 29 percent for the second meeting in a row yesterday, as a slide in the local cedi currency has slowed inflation’s decline.
View ArticleCelebrating the unsung heroes cornerstone of healthcare system
Midwives and nurses are often the first point of contact for patients.
View ArticleNigeria’s records 2,98pc GDP growth
According to recent research, Nigeria’s gross domestic product increased modestly in the first quarter of 2024. However, this is lower than the previous quarter’s figures.
View ArticleTanzania seeks more loans from China at Focac
President Samia Suluhu Hassan will visit China in September for the Forum for China-Africa Cooperation (Focac), where she is expected to sign new loan deals as Tanzania begins to implement a freshly...
View ArticleZim to learn from fellow Africans on wealth tax
THE Zimbabwe Revenue Authority (Zimra) has engaged tax authorities in other African countries, including Rwanda, for benchmark studies to ensure effective collection of the wealth tax, Finance,...
View ArticleMidwives hailed for role in fighting climate change
Midwives have been recognised for their vital role, not only in ensuring safe childbirth, but also in combating the growing threat of climate change on maternal and new-born babies’ health.
View ArticleCBZ Holdings remains in strong financial position
CBZ Holdings says its financial position remains strong after loans and advances closed the quarter to March 31, 2024 at $7,12 trillion, anchored by a $16,99 trillion deposit base.
View ArticleRevitus anchors REIT business on CBD properties
REVITUS Property Fund is anchoring its real investment trust (REIT) business on the revitalisation of the central business district (CBD) properties to improve occupancy levels and rental yields.
View ArticleIllegal miners derail Mazowe Mine restart
METALLON Corporation subsidiary has failed to make headway from its efforts to resume organised mining at Mazowe Mine as it continues to face unyielding resistance from illegal gold miners who are...
View ArticleAxia sees sustained strong performance
Axia Corporation’s main business unit, TV Sales & Home expects to maintain a solid performance for the year to June 30, 2024 and beyond driven by store network expansion and new export markets.
View Article‘World demand for lithium growing rapidly’
Global demand for critical minerals, particularly lithium, is growing rapidly to meet clean energy and de-carbonisation objectives. Africa hosts substantial resources of critical minerals. As a...
View ArticleBondholders back US$3bn debt rework
Zambia’s Ministry of Finance said yesterday that more than 90 percent of holders of its US$3 billion in outstanding international bonds had accepted its restructuring proposal so far, paving the way...
View ArticleAckerman family cedes control of Pick n Pay
The Ackerman family, which founded South Africa’s Pick n Pay will relinquish control of the struggling retailer as part of a revamp aimed at stemming losses, cutting debt and regaining market share....
View ArticleMTN Uganda’s parent offers discount in shares
South Africa’s MTN Group has made a new offer to sell 1,57 billion shares in its Ugandan subsidiary at a substantial discount in a bid to comply with a requirement to offload a minimum stake of 20...
View ArticlePuma Energy invests in aviation fuel storage
Tapiwanashe Mangwiro and Francis Gakanje Puma Energy continues to demonstrate confidence in Zimbabwe after the company invested a further US$3 million towards expanding its aviation fuel storage...
View ArticleFirst Capital mobilises additional credit facility
Nelson Gahadza-Senior Business Reporter First Capital Bank (FCB) has mobilised an additional US$15 million credit facility from the African Development Bank, bringing the total available facilities...
View ArticleZHL sees resilience in property segment
Enacy Mapakame Listed diversified insurance firm, Zimre Holdings Limited (ZHL), continues to see resilience in its property segment despite a challenging environment supported by portfolio diversity....
View ArticleAfrican countries make strides in unlocking benefits of innovation
For centuries, innovation has been the driving force behind societal evolution in Africa and globally. We have seen it propel nations forward, providing solutions to problems, creating economic...
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