Company News

Nampak Zimbabwe recorded a 13,5 percent growth in net income for the year to September 30 to $4,9 million from $4,3 million in the prior period.

China Network Trading Technology Co.,Ltd. (Afrindex) announced its public listing on Nov. 06 of 2017 in Tianfu（Sichuan） United Equity Exchange, with Stock Name of “Afcan” and Stock Code of 811791.

Government’s shareholding in KenGen has dropped following aggressive investment by South Africa’s Public Investments Corporation (PIC).

Ethiopian Airlines, the national carrier, moves further to conquer the hotel industry through the construction of a 637-key five-star hotel in the capital. The hotel costs the Company about 2.5 billion Br.

Telecom firm, Africell Uganda and Uber have signed the 'Uber With Africell' partnership campaign agreement designed to enhance convenience with free rides for first time users.

Ethiopia’s state owned telecommunications company, Ethio Telecom is now the continent’s largest mobile operator.

The shareholders of Lafarge Africa Plc on Monday, approved the merger with United Cement Company of Nigeria Limited (Unicem), and Atlas Cement Company Limited (Atlas). The Board of Directors of Lafarge Africa received shareholders endorsement at a court ordered meeting in Lagos.

The bid floated for the construction of Nyala Insurance Company's headquarters was overwhelmed with Chinese companies.

Nigerian firm, Niger Delta Exploration and Production Company (NDEPC) and NILEPET Joint Venture have been mandated to construct a 5,000 barrels per day capacity diesel refinery for South Sudan.The refinery is to meet the country’s 15 per cent diesel consumption per day.