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

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

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

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

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

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

TELECOMS & TECHNOLOGY

MultiChoice announces a major Pan-African initiative

MultiChoice Africa has launched a new and far-reaching Pan-African social investment initiative called the MultiChoice Talent Factory, created to significantly enhance the pool of talent and skills in...

By Staff reporter | Published: 31 May 2018

BUSINESS NEWS

AfDB pours $7,8 billion into African economies

THE African Development Bank (AfDB), under the leadership of Dr Akinwumi Adesina, has increased disbursements to support structural transformation of countries in Africa, according to its annual repor...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

Zim man in African innovators top 50

ZIMBABWEAN entrepreneur, Simbarashe Mhuriro, has been selected to exhibit his game changing solar innovations at the Africa Innovation Summit (AIS) set for next month in Rwanda.The 32-year-old, is the...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

Securico sets sights on African continent

SECURICO, one of Zimbabwe's fast growing security companies, has set targets to employ about 80 000 personnel across Africa as it moves to spread its tentacles and increase its footprint.Company found...

By Staff reporter | Published: 04 May 2018

AFRICA BUSINESS

'The start of an African economic resurgence'

Anil Agarwal, the Chairman of Vedanta Resources Plc, today outlined a Path to Growth for the Konkola Copper Mines (KCM), a Zambian subsidiary of the diversified global mining and resources company. Th...

By Staff reporter | Published: 12 April 2018

BUSINESS NEWS

Zimbabwe should adopt the South African rand

ZIMBABWE should adopt the South African rand as its official currency on an interim basis as a way of stabilising the economy, deputy Finance Minister Terrence Mukupe has said.This also comes as the ...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

African Sun spends US$5,8m on facelifts

LISTED hotelier, African Sun Limited, has this financial year spend US$5,8 million in refurbishments and placements for its hotels and franchises, as the group aims to position itself as world-class h...

By Staff reporter | Published: 29 March 2018

TRANSPORT & TOURISM

African Sun in 19% revenue growth

AFRICAN Sun Limited has recorded a 19 percent growth in revenue to $51,83 million for the year ended December 31, 2017, spurred by a jump in occupancy levels.The international market recorded the high...

By Staff reporter | Published: 16 March 2018

AFRICA NEWS

White South African farmers packing for Perth

Australian Minister of Home Affairs Peter Dutton on Wednesday said his department is looking into methods that would facilitate the fast-tracking of visas for white South African farmers who want to r...

By Staff reporter | Published: 14 March 2018

FINANCIAL SERVICES

Bank announces updates of its African bond index

The African Development Bank announces the update of its composite index available to Bloomberg Professional® service subscribers via {BADB Index}. The index enriched with two sub-indices (BADBC and ...

By Chawki Chahed | Published: 14 February 2018

ZIMBABWE

ZSE tops African markets

IN 2017, the Zimbabwe Stock Exchange (ZSE) enjoyed a counter-intuitive bullrun driven by a monetary crisis in the southern African country which saw the bourse's  benchmark industrial index gaini...

By Staff reporter | Published: 25 January 2018

POLITICS

Mnangagwa among 10 African leaders at WEF

President Emmerson Mnangagwa is one of the 10 African Heads of State and Government that have been invited to the prestigious World Economic Forum's 48th Annual Meeting which will take place next week...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

African Development Bank avails $4 million grant

The African Development Bank (AfDB), through the African Development Fund, has extended a $4,1 million grant to the Zimbabwean Government, part of which will be used to reform three State-owned enterp...

By Staff reporter | Published: 17 January 2018

MINING & RETAIL

Premier African Minerals in funding discussions

AIM-listed Premier African Minerals says it is in discussions with the National Indigenisation and Economic Empowerment Board (NIEEB) to agree on alternative financing options for the cash-strapped RH...

By Staff reporter | Published: 09 January 2018

FINANCIAL SERVICES

Ecobank launches mVisa across African Countries

Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross-border level - and potentially huge gains -...

By APO | Published: 02 October 2017

TELECOMS & TECHNOLOGY

Kwesé, Netflix launch unique African play

Africa's newest pan-African broadcaster Econet Media, is proud to announce the launch of its Internet Protocol Television (IPTV) service Kwesé Play - a video streaming service delivered on high-spee...

By Agencies | Published: 14 September 2017

FINANCIAL SERVICES

African Century fails to access $35m credit lines

Zimbabwe's leading leasing company, African Century Leasing is failing to access $35 million worth of lines of credit from different external financiers due to challenges faced in repatriating due loa...

By Staff reporter | Published: 13 September 2017

MINING & RETAIL

African chrome fields to commission $15m plant

AFRICAN Chrome Fields (ACF) is set to commission a $15 million state-of-the-art aluminothermic plant to process chrome fines into ferrochrome by February next year, a company official said yesterday.T...

By Staff reporter | Published: 05 September 2017
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