DAR ES SALAAM, TANZANIA — In a major boost to Tanzania’s industrialization drive, ALAF Limited has launched a new Color Coating Line (CCL) with an annual production capacity of 75,000 …
Business
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AFRICA NEWSBusinessBusiness and EconomyDevelopmentEastern AfricaInfrastructureManufacturing & Consumer GoodsNewsTANZANIATrade and Commerce
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IMF Demands Fiscal Discipline and Forex Reforms as Zimbabwe Pushes for Economic Recovery
by elizabethby elizabethHARARE, ZIMBABWE — The International Monetary Fund (IMF) is pressing Zimbabwe’s government to take bold and sustained steps to fix its economy. The global lender wants the country to show …
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BusinessDevelopmentEconomyEnergyInfrastructureINVESTMENTPoliciesTrade and Commerce
Zimbabwe to Ban Export of Lithium Concentrate by 2027
HARARE, ZIMBABWE – The government of Zimbabwe has announced that it will stop all exports of lithium concentrate starting January 2027. This is part of its broader plan to boost …
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BusinessFinance & ServicesFintechSales StrategyTelecommunicationsUGANDA
MTN Uganda to Split Mobile Money Arm into New Fintech Company to Meet Regulations, Attract Investors
MTN Uganda has announced a major restructuring plan that will separate its mobile money business, MTN MoMo, from the main telecom operations. The new move is aimed at turning the …
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Banking, Finance & InvestmentBusinessEastern AfricaINVESTMENTPolicies
Kenya’s KCB Group Set to Become First Foreign Bank to Enter Ethiopian Market
Kenya Commercial Bank (KCB) Group Limited is poised to become the first foreign banking institution to enter the Ethiopian financial services sector, following the country’s recent banking liberalisation reforms. Sources …
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BusinessEconomyINVESTMENTPoliciesSouth AfricaTrade and Commerce
South African Business Confidence Improves Slightly in May Amid Strong Rand and Commodity Rally
Business confidence in South Africa picked up modestly in May, rebounding from a sharp decline in April, according to data released by the South African Chamber of Commerce and Industry …
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AfricaAgricultureBusinessEconomyGhanaWestern Africa
Ghana’s Economy Expands by 5.3% in Q1, Driven by Services and Agriculture.
Ghana’s economy is showing strong signs of recovery, with growth picking up speed in the first quarter of 2025. According to figures released on Wednesday by the Ghana Statistical Service …
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BusinessDevelopmentFinance & ServicesInnovationInsuranceLeadershipTechnology
NicozDiamond Celebrates 60 Years of Insurance Excellence, Resilience, and Innovation.
NicozDiamond Insurance Limited, one of Zimbabwe’s oldest and most respected insurance companies, has marked its 60th anniversary with a grand event at Siyekhaya Estate in Borrowdale, Harare. The celebration, themed …
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AfricaBusinessEconomyFinance & ServicesNatural ResourcesPolicies
Zimbabwe’s Gold Production Up 27% in May 2025 as Small-Scale Miners Drive Growth.
Harare, Zimbabwe – Zimbabwe’s gold mining sector has recorded strong growth in May 2025, with official figures showing a 27.6 per cent rise in deliveries compared to the same period …
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BusinessInfrastructureINVESTMENTNigeriaTrade and Commerce
Nigerdock Welcomes Transocean Coatings FZE to Snake Island Integrated Free Zone
Nigerdock, the developers of Snake Island Integrated Free Zone (SIIFZ) in Lagos, have officially announced the establishment of Transocean Coatings FZE, a new affiliate of Transocean Coatings Nigeria Limited. The …