Brics Bank mulls funding for non-member projects
A multilateral infrastructural projects financier owned by the Brics countries is mulling over funding projects in countries outside the bloc’s 11 members, unlocking additional finance for...
View ArticleGrowing demand for key minerals boon for Africa
Enacy Mapakame Global demand for critical minerals is projected to grow three-fold by 2040, presenting a strategic opportunity for African producers including Zimbabwe to increase output and the...
View ArticleDRC eyes opportunities in Zim agric industry
Francis Gakanje COMPANIES from the Democratic Republic of Congo (DRC) are confident that the recent business forum held in Harare to promote trade with Zimbabwe will yield positive results, including...
View ArticleFiscal consolidation bears fruit, says Treasury
Oliver Kazunga-Senior Business Reporter THE Government’s fiscal consolidation measures are bearing fruit as evidenced by the containment of the budget deficits that previously undermined macro-economic...
View ArticleTanzania urges farmers to seek export markets
Tanzanian authorities have urged maize farmers to seek markets in neighbouring countries for their surplus.
View ArticleSA rand, stocks, govt bonds gain
JOHANNESBURG. — South Africa’s rand, stocks and government bonds gained on yesterday, as investors bet on the prospect of the African National Congress (ANC) striking a coalition deal with a...
View ArticleMost influential companies in 2024
More than just a badge of honour, the global recognition of African companies signifies a dramatic change in the perception innovation on the continent. It also conveys Africa’s capacity for global...
View ArticleTanzania, Ethiopia sign loan deals with S. Korea
DAR ES SALAAM. — Tanzania and Ethiopia said they had signed accords with South Korea for loans of billions of dollars, part of broader deals that will give the Asian nation access to Africa’s crucial...
View ArticleAfrica can ill-afford US$75bn interest payments: AfDB
African nations will spend US$75 billion on debt interest payments this year, money they desperately need for pressing issues such as social spending and public investments, according to the African...
View ArticleBlueprint for global financial architecture for Africa
African leaders have finally laid out the blueprint for the financial architecture that many of the continent’s political bigwigs and economists have been calling for, clearly painting the picture that...
View ArticleAfrica ‘crucial partner’ for South Korea
Africa’s rich mineral resources and its potential as a vast export market are at the top of South Korea’s agenda as it hosts a summit with the leaders of 48 nations this week with plans for aid on...
View ArticleFMHL nearly doubles first quarter profitability
Diversified insurance giant, First Mutual Holdings Limited recorded a solid performance in the quarter to March 31, 2024 after almost doubling profitability despite some headwinds experienced during...
View ArticleUnifreight banks on fleet expansion to drive earnings growth
TRANSPORT and logistics company, Unifreight Africa is banking on its investment in fleet expansion and quality contracts to drive the group’s earnings growth.
View ArticleTreasury scraps VAT deferral for importers
TREASURY has withdrawn the Value Added (VAT) deferments provision it had made available for operators with outstanding tax payments to enable them to import critical capital equipment.
View ArticleBHP faces test of patience after Anglo bid failed
Days after BHP Group failed to secure the US$49 billion takeover of smaller rival Anglo American Plc, investors have one message for Chief Executive Mike Henry — keep your cool.
View ArticlePick n Pay in 3-year turnaround
Pick n Pay, which has begun a three-year turnaround under chief executive officer (CEO) Sean Summers, paid former boss Pieter Boone a sizeable cash “termination settlement” in terms of his contract of...
View ArticleSA unions want Ramaphosa to retain the presidency
South Africa’s most powerful labour union federation, which is allied with the African National Congress, said any coalition deal struck by the party after losing its majority in the country's...
View ArticleGhana resists 5G deal with Indian billionaire
A deal for Mukesh Ambani, Asia’s second-richest man to capitalise on the demand for 5G wireless services in Ghana is facing opposition from the country’s parliamentary minority, who have criticized the...
View ArticleZB sees 394pc jump in 2023 full-year profit
ZB Financial Holdings (ZBHF) recorded a 394 percent jump in income to $1,247 million in the year to December 2023 underpinned by fair value adjustments, commissions and fees.
View ArticleCaledonia mine to raise $309m for gold project
CALEDONIA Mining Corporation says the peak funding requirement for its Bilboes Gold Limited project in Matabeleland North province is estimated at US$309 million.
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