African Sun says business booming

LISTED hospitality group, African Sun (Pvt) Limited, says its business has been growing since last year in response to positive business sentiment under the new dispensation.  The group was estab...

By Staff reporter | Published: 14 June 2019


Unifreight Africa in US$19m scandal

TRANSPORT group Unifreight Africa Limited allegedly prejudiced its shareholders on the Zimbabwe Stock Exchange (ZSE) an estimated US$18 million wired into an offshore account in the United Kingdom (UK...

By Staff reporter | Published: 14 June 2019


Mnangagwa borrowing bad law from Apartheid South Africa's statutes

Recently, the government of Zimbabwe, through the Minister of Home Affairs, introduced the Maintenance of Peace and Order Bill to Parliament (MOPA). This Bill, that will replace the reviled Public Ord...

By Douglas Togaraseyi Mwonzora | Published: 12 June 2019


Zimbabwe eyes deals at Arab African mining conference

Stakeholders in the mining industry will in June convene in London for the third annual Arab African Mining Conference Exhibition where Zimbabwe is anticipating to strike mega deals for the mining sec...

By Staff reporter | Published: 29 April 2019


South Africa moves to tighten job terms, expats fear expulsion

Foreign workers in South Africa with expertise deemed vital to the economy are worried that authorities will reduce the number of critical skills eligible for work permits, a move they say could force...

By Reuters | Published: 28 April 2019


Gold worth billions smuggled out of Africa

Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East - a gateway to markets in Europe, the United States and beyond - a Reu...

By Reuters | Published: 28 April 2019


African Sun records $10,1m profit

AFRICAN Sun says it recorded a 110 percent increase in profit to $ 10,135 million during the year ended December 31, 2018 compared to $4,816 million achieved in prior period driven by both an increase...

By Staff reporter | Published: 27 April 2019


South Africa introduces R50 and R500 coins to celebrate 25 years of democracy

The South African Mint has unveiled a set of new R50 and R500 collector coins, celebrating the country's 25 years of democracy."This week 25 years ago, South Africans went to the polls in the country'...

By Staff reporter | Published: 26 April 2019


Afreximbank disburses €100m to Mota-Engil Africa

Regional lender, African Export-Import Bank (Afreximbank) has disbursed a €100 million facility to a revolving global credit facility to support Mota-Engil Africa implement key developmental project...

By Staff reporter | Published: 24 April 2019


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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

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