The Standard Chartered Group is considering selling its wealth and retail banking operations in Botswana, Uganda and Zambia. This is part of a continuing global restructuring that has seen it leave Zimbabwe and other African markets.
Zimbabwe needs a debt deal to access long-term funding for infrastructure, which it has been paying for using local resources, President Emmerson Mnangagwa has told creditors.
The country owes foreign creditors over US$12 billion,...
After finding success in Zimbabwe, Bitumen World, one of the country’s largest civil engineering companies, is expanding into the region.
The company has over recent years won large private and public contracts, which have...
Once upon a time (well, in the early 80s), my mother kept some cash in the hem of a beautiful blue coat hanging in her wardrobe. Blue two-dollar notes were rolled like cigarettes and stuffed into the...
Internet usage on Econet Wireless grew 56% in the six months to August, and the country’s biggest tech company is speeding up infrastructure to meet rising demand.
While data usage grew by 56%, voice...
After spending the last few years taking the axe to taxpaying businesses, government is surprised to learn that it has run out of money.
With coffers running dry, the Ministry of Finance has...
Botswana’s push to diversify its economy away from mining and into financial services positions it to compete with Mauritius as an African hub for high net-worth individuals and families, a new study has found.
Mozambican opposition leader Venâncio Mondlane has called on his supporters to target trade routes with South Africa and Zimbabwe to protest the results of last month’s election.
Daniel Chapo of the ruling FRELIMO won the...
Zimbabwe will no longer postpone a 5% tax on unrefined platinum exports, hoping to push producers to speed up plans to build a refinery in the country.
The export tax was first announced a...
Regional leaders will focus mostly on SADC’s troubled peacekeeping mission in the DRC when they meet for an Extra-Ordinary Summit in Harare next week, an official says.
The Southern African Development Community Mission in...
