Zimbabwe turns to India’s payments giant to cut transfer costs and speed up digital transactions
Zimbabwe is negotiating with India’s international payments operator to reduce transaction costs and accelerate transfers, potentially bringing Indian technology into the infrastructure connecting its banks and digital-finance businesses.
Trafigura and partners back $300 million Zambia-Congo power link
Trafigura Group and partners have agreed to build a $300 million high-voltage transmission line linking Zambia’s power grid to the Democratic Republic of Congo’s copperbelt.
South Africa raises doubts over recovery of Zimbabwe’s R942m SAA debt
South Africa’s Parliament has raised doubts over whether Zimbabwe will ever repay nearly R1 billion owed to South African Airways (SAA), after years of diplomatic efforts failed to resolve the long-running debt dispute.
South African factory set to supply 80% of the world’s Vaseline Petroleum Jelly after $6 million expansion
A South African factory is set to supply approximately 80 percent of Unilever’s global Vaseline Petroleum Jelly volume following an expansion that strengthens Africa’s role in the production of one of the world’s most recognisable skincare products.
WestProp hits $15 million H1 revenue, delays exit offer deadline
WestProp Holdings has moved the closing date of its exit offer for minority shareholders to 9 October, as it nears the end of its restructuring. The Victoria Falls Stock Exchange-listed property group recorded $14.9 million in revenue for the half-year ending 30 June, up 16.3 percent from $12.8 million posted in prior comparable period.
Local authorities face funding freeze over outdated accounts
Local councils that fail to update their financial reports could lose future government funding as the state is tightening accounting rules to improve transparency and turn local governments into drivers of economic growth.
ZSE’s Bgoni appointed VP of African Securities Exchanges Association
ZSE Holdings group chief executive Justin Bgoni has been appointed vice president of the African Securities Exchanges Association (ASEA).
Tsingshan’s Zimbabwe steel unit partners with state rail firm to boost haulage capacity
The Zimbabwean steelmaking unit of Chinese metals giant Tsingshan Holding Group on Monday signed a partnership deal with the National Railways of Zimbabwe (NRZ) to expand capacity for coal and steel haulage, the state logistics company announced.
Premier African Minerals to raise £1.2m for Zimbabwe project
London-listed Premier African Minerals has completed a subscription to raise about £1.2-million before expenses through the issue of 27.52-billion new ordinary shares of nil par value in the capital of the company at an issue price of 0.00436p per new ordinary share.
World’s largest stadium twice the size of Anfield takes shape in $38bn build
Extraordinary images have emerged showing the building works for what is set to become the world’s largest stadium. Construction of the 135,000-seater VinFast Trong Dong Stadium in Hanoi, Vietnam, began nine months ago.