BUSINESS NEWS

Coca-Cola Hellenic Bottling Company has announced plans to invest an additional US$1 billion in Nigeria over the next five (5) years to further capture growth opportunities in the country’s beverage …

A new initiative aims to provide electricity to 300 million Africans by 2030, supported by an initial US$30 billion commitment from the World Bank and the African Development Bank. This …

Kuvimba Mining House (KMH), a State-owned enterprise, may cut the budget for its Darwendale platinum project owned by Great Dyke Investments due to depressed commodity prices on the international market. …

The Reserve Bank of Zimbabwe (RBZ) has injected US$64 million into the foreign exchange market to meet the rising demand for hard currency and ensure all legitimate foreign currency requests …

The Malaysia International Halal Showcase (MIHAS) is currently taking place, providing Zimbabwean companies like Eden Chase an opportunity to showcase their products and explore new markets. Valerie Madziva, co-founder of …

The South African rand strengthened, buoyed by expectations of a busy week ahead with several key interest rate announcements and local inflation data. By 0720 GMT, the rand was trading …

Zimbabwe’s MINES and Mining Development Minister, Winston Chitando, has urged gold miners to boost production by capitalizing on favorable global gold prices. Gold remains Zimbabwe’s top export, generating approximately US$3 …

Chinese authorities have imposed a six-month ban on PwC and levied fines totaling over 400 million yuan ($56.4 million) due to its role in auditing the failed property developer Evergrande. …

Uganda’s government is embroiled in a legal battle with 112 landowners set to be displaced by the East African Crude Oil Pipeline (EACOP) project, as issues such as undervalued compensation, …

Zambia’s largest mining companies are turning to an unexpected energy source amid the country’s severe power crisis: South Africa’s Eskom Holdings SOC Ltd. Zambia, which typically depends on hydropower for …