Company News

HARARE, May 23 (The Source) – Zimbabwe’s largest retail operator, OK Zimbabwe reported an 800 percent increase in net income to $6,1 million in the year to March from $700,000 last year on improved revenue.

Nigerian firm, Retail Development and Investment Company (RDIC), has signed a memorandum of understanding (MOU) with Shenzhen Jizhao Information Technology Co. Ltd.to build a smart phone and tablet personal computer (PC) assembly plant in Nigeria.

SECON has grown to become one of the leading players in the sector. Today, with the Nile Towers project and an increase in capital, the company is ready to go to the next level.

With the loss of oil revenue, Sudan has prioritized the mining sector as its top foreign exchange earner, with lucrative gold investment and exports now expected to spearhead growth.

US-based aerospace and defence company Boeing International will open up two new offices in Johannesburg, South Africa and Nairobi, Kenya, the company said in a statement on Tuesday

One of the best examples of Chinese investment in manufacturing in the African continent can be found in Ethiopia's Eastern Industry Zone, according to CGTN.

HARARE, May 11 (The Source) – Cigarette maker BAT said its first quarter performance was generally flat compared to the comparative period last year, but expects a strong second half anchored by investments in the company’s core brands, which enjoy close to 70 percent market shar...

HARARE, May 11 (The Source) – CBZ Holdings’ income in the first quarter to March increased 7 percent to $37,7 million, driven by a surge in business in the three month period.

Zimbabwean independent power producer, Oxygen Energy Private Limited, has secured an external grant of nearly $1 million for development of a 20 megawatt solar project on rooftops for buildings owned by Old Mutual.