Innscor calls for broader sugar tax as imports gain edge
The levy is “placing the products produced by local operators at a distinct price disadvantage to non-compliant beverage producers, and, in particular, imported beverage products which now dominate local shelves.”
FCB profits surge 52pct
First Capital Bank (FCB) posted a US$30 million profit after tax for the year ended 31 December 2025, rising 52 percent from prior comparable period, underpinned by customer growth and efficiencies driven by digital transformation.
Afcon expands to 28 teams, to launch African Nations League
After the Confederation of African Football (CAF) executive committee meeting held in Cairo, Egypt this Sunday, CAF president Patrice Motsepe announced that the format of the Africa Cup of Nations (Afcon) will be reformed, and the number of participating teams will be increased to 28 from the current 24.Specific details have not yet been announced, […]
Pension funds dominate stock market
Pension funds were responsible for 45.36 percent of total purchases, equivalent to about ZiG540.09 million, out of the ZiG1.19 billion worth of trades settled through the Chengetedzai Depository Company and the Zimbabwe Stock Exchange (ZSE) Depository.
Afrisun shareholders approve VFEX delisting
African Sun Limited (Afrisun) shareholders have approved the delisting of the hospitality group from the Victoria Falls Stock Exchange (VFEX), paving way for the hospitality group’s planned restructuring exercise.
Elon Musk to become world’s first trillionaire
A successful IPO of his firm later this year could make Musk the world’s first trillionaire.
Coca-Cola bottler to buy Africa business
Coca-Cola HBC Finance BV is raising at least €1.5 billion ($1.7 billion) of debt on Thursday to help fund an acquisition of another drinks bottling firm.
Stay home to reduce fuel demand: South Africans told
Officials from the Department of Mineral and Petroleum Resources (DMPR) have proposed an astonishing, surface-level solution to concerns around the expected surge in fuel costs and looming supply constraints, calling on motorists to stay at home.
Zim govt moves to ease fuel cost pressures
The Zimbabwe Energy Regulatory Authority has raised the prices of diesel and petrol to US$2.05 and US$2.17 per litre respectively, from US$1.77 and US$1.71.
RTG weathers liquidity storm, posts $50m revenue
The hospitality group posted a 13 percent increase in revenue to US$50.3 million during the period under review, up from US$44.4 million recorded prior year, driven by improved occupancy, higher room rates and a surge in foreign currency earnings.