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Former Nigerian President Obasanjo visits Mnangagwa in Harare

Former Nigerian President Obasanjo visits Mnangagwa in Harare

(3 Minutes Read) The meeting forms part of Obasanjo's broader mission to advance peace and stability on the African continent, particularly through his role as...
central bank

Mozambique’s Interest Rate to Fall by 50 Basis Points

(3 Minutes Read) The AMB had already cut the rate by 50 percentage points in March to 18.5%, the fifth cut in six months. Only...
Dinson Iron and Steel Company at its newly operational plant near Chivhu.

Zimbabwe Restricts Import of Steel

(3 Minutes Read) The timing of the new measures aligns with the increased domestic production of steel, particularly by Dinson Iron and Steel Company at...
First Capital Bank has posted robust financial results for the year ended December 31, 2024, highlighted by a 150 per cent surge in its loan book, signalling a deliberate pivot towards bolstering key economic sectors through increased lending and a strong digital push.

First Capital of Zimbabwe Posts Robust Results

(3 Minutes Read) Despite these pressures, First Capital Bank on-boarded more than 70,000 new customers in 2024, with digital platform adoption reaching 80 per cent...
The Mozambique-USA Chamber of Commerce (CCMUSA) held another edition of its usual business networking event, the Happy Hour – Business Network, recently. This strategic meeting brought together more than 100 companies from various sectors, government representatives, members of the diplomatic corps accredited in Mozambique and other parties interested in promoting commercial relations in the country.

Business Networking in Mozambique Brings Together Local and US Businessmen

(3 Minutes Read) During the event, Onório Manuel, President of CCMUSA, stressed the importance of this initiative as part of the Chamber’s ongoing strategy to...
Mozambican President Daniel Chapo inaugurated the new headquarters of the National Road Transport Institute (INATRO), the body responsible for road safety, issuing driving licences and vehicle number plates, and supervising driving schools.

Mozambican President Daniel Chapo Focuses on Road Safety

(3 Minutes Read)  The President expressed concern at the number of fatal accidents on Mozambican roads. In 2024, the country recorded 687 accidents, which caused...
Econet of Zimbabwe Adjudged Best Exhibitor at ZITF

Econet of Zimbabwe Adjudged Best Exhibitor at ZITF

(3 Minutes Read)  In total, Econet scooped four major accolades: Best Zimbabwean ICT Exhibit, Best Thematic Representation, Most Experiential Zimbabwean Exhibit, and the Presidential Award...
Innscor Africa Limited, a publicly traded diversified conglomerate, is aggressively ramping up its growth ambitions, investing a hefty USD 35.84m into capital projects. The latest spending spree underlines the group’s push to sharpen operational efficiency, entrench market dominance, and secure sustainable long-term returns for shareholders.

Innscor Africa Limited of Zimbabwe Investing More in Innovation

(3 Minutes Read) Over the past two financial years, Innscor has deployed an extraordinary USD 195m toward capital expenditure across its broad range of business units. Innscor Africa...
Namibia's diamond production rose by 8% in the first quarter of 2025, reaching 631,000 carats, according to figures released by De Beers Group. The increase was largely driven by Debmarine Namibia, which saw its output jump 17% to 461,000 carats from 395,000 in Q4 2024. In contrast, Namdeb’s production dropped by 10% to 170,000 carats, down from 189,000 in the previous quarter.

Namibia’s Diamond Output Rises 8% in Q1 2025 Amid Weak Global Demand, De Beers...

(3 Minutes Read) Namibia's diamond production rose by 8% in the first quarter of 2025, reaching 631,000 carats, according to figures released by De Beers...
The National Petroleum Corporation of Namibia (NAMCOR) has signed a Memorandum of Understanding (MoU) with global offshore contractor Subsea7 to support the development of offshore infrastructure in Namibia’s emerging oil and gas sector.

Namibia: NAMCOR Partners with Subsea7 to Boost Namibia’s Offshore Energy Infrastructure

(3 Minutes Read) The National Petroleum Corporation of Namibia (NAMCOR) has signed a Memorandum of Understanding (MoU) with global offshore contractor Subsea7 to support the...

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