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Business

Dec 15, 2016
Members of Parliament are expected in the House on Tuesday December,20 2016 to resume sitting after six weeks of recess. This will be a continuation of the fourth session of…
Oct 24, 2016
Zimbabwe has cleared its arrears with the International Monetary Fund (IMF), after paying $108 million last week, the Fund has announced. Zimbabwe, which has been in arrears since 2001, used…
Oct 24, 2016
Industry minister Mike Bimha has sensationally - claimed that southern African countries have made peace with Zimbabwe's imports ban regulations.Zimbabwe Informal Border Trader smuggling listed item on ban list. This…
Oct 12, 2016
Dangote Group of Companies, renowned in the production and distribution of cement in the West African sub-region are now wading into the oil and gas sector and is envisaged to…
Oct 10, 2016
As at May 2016, total exports came down to P36.76 billion ($3.4billion), registering a decline of P26.69 billion ($2.4billion) from P63.45 billion($6.3billion) in 2015. This export breakdown was derived from…
Oct 03, 2016
Edcon has supported Zimbabwe’s Edgars with guarantees for $7.2 million (R98.6m) in interest bearing loans and borrowings after the Harare unit sank to a $0.3m loss for the half year…
Sep 29, 2016
A Zambian advocate, Lewis Mosho, is demanding the suspension of Shoprite Holdings from the JSE over alleged breaches of rules and regulations. In a letter dated September 22 to JSE…
Sep 28, 2016
SABMiller shareholders approved the brewer's takeover by rival Anheuser-Busch InBev on Wednesday, paving the way for one of the biggest proposed mergers in history. The 79 billion pound ($103 billion)…
Sep 21, 2016
Private equity firm Bain Capital has agreed a debt for equity swap deal valued at $1.5 billion for Edcon, the chief executive of the South African clothes retailer said. Taken…
Sep 20, 2016
Cash strapped Nigeria’s Federal Government is demanding $635million from two multinational oil companies, Agip and Total for undeclared crude oil shipped out of the country between 2011 and 2014. Two…
Sep 18, 2016
Nigerian billionaire Aliko Dangote told CNBC that a wave of asset selling by the government could be the best way to boost Nigeria's recession-hit economy. Nigerian billionaire Aliko Dangote "I…
Sep 14, 2016
Mobil Producing Nigeria Unlimited, a unit of ExxonMobil, will resume shipment of Qua Iboe crude, Nigeria's largest grade of crude oil in October, three months after the company had declared…
Sep 13, 2016
GlaxoSmithKline (GSK.L) is to sell its portfolio of anesthetic drugs to South Africa's Aspen Pharmacare (APNJ.J) for up to 280 million pounds ($372 million) as part of a drive by…
Sep 10, 2016
The Dangote Cement Plc, a subsidiary of the Dangote Group, discloses its plan to start mining coal at Ankpa, Kogi State, in November. The company said that due to acute…

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