POLITICS

Chivayo hires South African lawyer

CONTROVERSIAL businessman, Wicknell Chivayo is restless after the Justice Minister, Ziyambi Ziyambi barred his attorney of choice from representing him in his pending  criminal cases.Chivayo has ...

By Staff reporter | Published: 11 October 2019

INDUSTRIALS & ENERGY

Forex earnings boost Afsun H1 as group embarks on major soft refurbishments

Foreign currency earnings, which constituted 45% of revenue, helped African Sun post a 765% increase in the bottom-line for the half year to June 30.  This is in spite of a drop in occupancy leve...

By Staff reporter | Published: 28 September 2019

MINING & RETAIL

African Chrome fields shuts down, lays off 500

ONE of the country's largest ferrochrome producers, African Chrome fields (ACF), has shut down its mining operations in Kwekwe, laying off over 500 workers.The company is owned by South African busine...

By Staff reporter | Published: 27 September 2019

MINING & RETAIL

Zimbabwe to be first African country to put lithium in lead batteries

Zimbabwe will in coming weeks sign agreements on the development and value addition of lithium lead batteries as the country seeks to transform the mining sector into a $12 billion industry in the nex...

By Staff reporter | Published: 23 September 2019

TRANSPORT & TOURISM

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

MINING & RETAIL

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

TRANSPORT & TOURISM

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

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

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

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

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
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