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

BUSINESS NEWS

Mthwakazi petition Pick n Pay HQ in South Africa

A delegation of Mthwakazi Republic Party, led by President Mqondisi Moyo handed over a petition to the management of Pick n Pay in Johannesburg. The delegation included, the national spokesperson Mbon...

By Staff reporter | Published: 03 July 2018

TRANSPORT & TOURISM

African Sun appoints new board chair

AFRICAN Sun Limited has appointed Mr Alex Makamure as new board chairman replacing Mr Herbert Nkala who has retired from the hospitality group.In a notice, African Sun said Mr Nkala retired from the g...

By Staff reporter | Published: 03 July 2018

POLITICS

Zim placed on African risk analysts watch list

Zimbabwe has been ranked among the most promising economics in Africa due to the political transition currently taking place. Risk analysts who attended a forum on investment risk in Cote d'Ivoire las...

By Staff reporter | Published: 03 July 2018

INDUSTRIALS & ENERGY

Starafrica eyes profitability

Struggling sugar producer Starafricacorporation (Starafrica) is eyeing a return to profitability in the near future after reducing its losses by more $2 million.The group's chairperson Joel Mutizwa sa...

By Staff reporter | Published: 02 July 2018

TRANSPORT & TOURISM

FlyAfrica given 90 days to regularise status

CAAZ cracks whip on FlyAfricaThe Civil Aviation Authority of Zimbabwe (CAAZ) has given Fly Africa 90 days to sort out its operating status or risk revocation of their licence, documents at hand sugges...

By Staff reporter | Published: 29 June 2018

POLITICS

Mohadi airlifted to South Africa

President Mnangagwa yesterday said Vice President Kembo Mohadi and Zanu-PF national chairwoman Oppah Muchinguri-Kashiri had been airlifted to South Africa where they were responding well to treatment ...

By Staff reporter | Published: 29 June 2018

FINANCIAL SERVICES

Old Mutual anchoring in Africa relisting

Speech by Old Mutual Zimbabwe Group CEO and rest of Africa CEO - Mr Jonas MushoshoThank you, Director of Ceremonies,The Minister of Finance and Economic Development Hon. Patrick ChinamasaOld Mutual Z...

By Jonas Mushosho | Published: 26 June 2018

TELECOMS & TECHNOLOGY

FlyAfrica suspended

Budget airline FlyAfrica Zimbabwe (FlyAfrica) has grounded its fleet to facilitate recertification after the Civil Aviation Authority of Zimbabwe (Caaz) suspended its operator's certificate.Last week,...

By Staff reporter | Published: 20 June 2018

BUSINESS NEWS

Zimbabwe law firm joins DLA Piper Africa

DLA Piper Africa has announced that leading Zimbabwean law firm, Manokore Attorneys, is joining as the member firm in Zimbabwe.Manokore Attorneys is a full-service business law firm with strengths in ...

By Agencies | Published: 19 June 2018

BUSINESS NEWS

Bulawayo to host CEO Africa Roundtable indaba

MORE than 50 business executives from companies in Bulawayo will tomorrow converge in the city for a roundtable meeting to discuss financial market distortions and prospects of currency reform.The eve...

By Staff reporter | Published: 14 June 2018

POLITICS

'Zimbabwe to be better than South Africa'

MDC Alliance presidential candidate Mr Nelson Chamisa yesterday promised to fix the economy in "a short space of time" if he is elected after the July 30 elections.Addressing a rally at Rutenga Busine...

By Staff reporter | Published: 10 June 2018

FINANCIAL SERVICES

'Adapt technology to solve African problems'

"It is important for us as Africans to understand the challenges we face and find ways of using technology to solve them," NMB Bank chief operating officer Gerald Gore told participants in the Enactus...

By Staff reporter | Published: 05 June 2018
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