BUSINESS NEWS

Mnangagwa to attend CEO Africa Roundtable

MORE than 400 company executives drawn from across Africa are next week expected to converge in the resort town of Victoria Falls for the annual CEO Africa Roundtable, whose aim is to deliberate on th...

By Staff reporter | Published: 05 February 2019

MINING & RETAIL

South African firm injects R55 billion into Lupane gas

A SOUTH African mining firm Tumagole Consortium says it is committed to investing R55 billion into the Coal-Bed Methane mining project in Lupane. Tumagole Consortium officials, who were led by South A...

By Staff reporter | Published: 31 January 2019

OPINION

Building Africa's scientific talent

Ten years ago, South African physicist Neil Turok made a bold prediction: the world's next Einstein will be from Africa. A decade later, it is worth considering whether the continent is any closer to ...

By Daniel Mundeva | Published: 01 January 2019

BUSINESS NEWS

Miss Africa 2018's hair catches fire as she is crowned

Miss Congo, Dorcas Kasinde, won the Miss Africa 2018 beauty pageant, but her crowning moment didn't go as planned when her hair caught fire onstage. The annual pageant was held in Cross River State in...

By Staff reporter | Published: 31 December 2018

TRANSPORT & TOURISM

Zimbabwe hotels named among Africa's best

DESTINATION Zimbabwe continues to attract world attention as some of its hotels have been named among the best in Africa. Recently Frommer and National Geographic Traveller named Zimbabwe as one of th...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Cambria Africa expects savings of US$400 000

CAMBRIA Africa Plc expects savings of about US$400 000 in the current financial year in company compensation thanks to a recently completed re-organisation of the group, a company official said.Cambri...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

starafrica out of the woods

SUGAR manufacturer starafricacorporation reported profit before tax of $0,5 million in the six months to September from a loss position of $1,3 million in the prior year, driven by a reduction in cost...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Zimbabwe assets biggest and best buy in Africa - Prof Ncube

Zimbabwean assets are the biggest and best buy in Africa for investors at the moment while property rights are very secure, Finance and Economic Development Minister Professor Mthuli Ncube has said. I...

By Staff reporter | Published: 07 December 2018

AFRICA BUSINESS

South African billionaire defends white wealth

Johann Rupert, South Africa's second-richest man with a $6.3 billion fortune, spoke out to defend the stranglehold white people still have over the economy more than two decades after the end of apart...

By Bloomberg | Published: 06 December 2018

TRANSPORT & TOURISM

Africa Albida enjoys 'busiest year ever' as tourists return

Hospitality group Africa Albida Tourism (AAT) says it is enjoying its busiest year ever, with occupancies at its flagship property Victoria Falls Safari Lodge enjoying occupancies of over 80% over the...

By Staff reporter | Published: 22 November 2018

OPINION

Zimbabwe could be China's economic gateway to Sub-Saharan Africa

Anti-Chinese rhetoric in Africa can only be mitigated by the pursuit of stronger economic ties between the Asian giant and countries on the continent, including Zimbabwe. The Southern African country ...

By Carter Chapwanya | Published: 20 November 2018

MINING & RETAIL

African govts fight 'conflict diamonds' resolution

AFRICAN governments led by South Africa are fighting tooth and nail to stop the passing of a resolution by the Kimberly Process to expand the definition of "conflict diamonds", it has been learnt.Civi...

By Staff reporter | Published: 15 November 2018

TRANSPORT & TOURISM

African Sun euphoric about conferencing, foreign visits

AFRICAN Sun Limited (ASL) has announced it will spend $2,1 million in the last quarter of 2018 on refurbishments to improve standards of its hotels and boost occupancy in the future.Africa Sun plans t...

By Staff reporter | Published: 10 September 2018

BUSINESS NEWS

China pledges $60m for financing projects in Africa

CHINESE President Xi Jinping announced while officially opening the Beijing Summit of the Forum on China-Africa Co-operation (FOCAC) that his country was pledging $60 billion for financing various pro...

By Staff reporter | Published: 09 September 2018

TRANSPORT & TOURISM

African Sun profit up 672%

Hospitality group, African Sun Limited, reported earnings growth for the half year to June 30, 2018 as operating profit surged 672 percent to $3,8 million on good business during election period. Reve...

By Staff reporter | Published: 06 September 2018

POLITICS

South Africa's Maimane backs Chamisa

South Africa's AFRICA's main opposition party, the Democratic Alliance (DA) has offered its support to the MDC Alliance ahead of next week‘s harmonised elections.DA president Mmusi Maimane said whil...

By Staff reporter | Published: 24 July 2018

BUSINESS NEWS

Mergers, acquisitions in Africa decline

Total deal volumes and values of Merger and Acquisition (M&A) transactions in Africa fell sharply in the first half of 2018, declining 44 percent in deal volume and 57 percent in aggregate value, ...

By CNBC Africa. | Published: 23 July 2018

INDUSTRIALS & ENERGY

Starafrica targets export market

SUGAR processor Starafricacorporation (Starafrica) has upgraded its machinery in a development that has positioned the company to target the regional export market, which it once dominated at the peak...

By Equity-Axis | Published: 19 July 2018

BUSINESS NEWS

Mnangagwa says, 'Zim poised to be jewel of Africa'

President Mnangagwa yesterday assured Zimbabweans that Government was revamping the economy to ensure the country becomes the Jewel of Africa through sheer industry. Addressing a bumper crowd at Chinh...

By Staff reporter | Published: 18 July 2018

TRANSPORT & TOURISM

Fly Africa set to lose property over debt

Fly Africa is set to lose property over a $17 295 debt owed to a former employee who recently obtained a writ of execution against the airline, following a court order issued by High Court judge Justi...

By Staff reporter | Published: 14 July 2018

BUSINESS NEWS

Afreximbank disburses $8bn from intra-African trade facility

THE African Export Import Bank (Afreximbank) has disbursed over a third of the $25 billion facility meant to accelerate intra-African trade, the bank's president and chairman Benedict Oramah has said....

By Staff reporter | Published: 12 July 2018

TELECOMS & TECHNOLOGY

Kwesé launches Scoop Network Africa channel

Kwesé TV will air Africa's newest entertainment channel Scoop Network Africa on 26th July 2018. Scoop Network's programme schedule will comprise of a mix of light entertainment magazines with movie, ...

By nextvafrica | Published: 05 July 2018

Starafrica battles to stem crisis

Starafrica has registered a steep rise in revenue despite experiencing significant balance sheet stress in the year to March 31 018. In a note to shareholders accompanying the financial results which ...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Zamco absorbs $32m Starafrica debt

THE Zimbabwe Asset Management Company (Zamco) has taken over Starafricacorporation Limited's $32 million debt owed to different companies.In 2016, at an extraordinary general meeting, Starafricacorpo...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Zim placed on African risk analysts watch list

Zimbabwe has been ranked among the most promising economies in Africa due to the political transition currently taking place.Risk analysts who attended a forum on investment risks in Africa in Côte d...

By Staff reporter | Published: 04 July 2018
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