Company News

Fast moving consumer goods producer, Probrands, has commissioned a $3,6 million Ultra-high temperature dairy plant in Ruwa as the company seeks to increase its raw milk purchases to one million litres a month before the end of the year.

Africa’s largest airline group, Ethiopian Airlines, said it has won the African Aviation ‘African Airline of the Year’ Award for 2017 for the second year in a row.

Zuva Petroleum says it is already reaping the benefits of its rebranding exercise, with volumes up 10 percent as its new identity resonate better with customers.

Zimbabweans are now consuming more and more spirits, wines and ciders, with ZSE listed African Distillers (Afdis), in which South Africa’s Distell has shares, saying revenues have risen 10% to $14 million on the back of increased consumption.

Despite government ordering Illovo Sugar Limited to end the sugar crisis, the commodity is still not available in some parts of Malawi.

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.