THE National Social Security Authority (Nssa) is assessing its capacity to implement a long-term pension adjustment after granting pensioners a 100 percent increase in their May allowance as an interim relief measure. The temporary boost comes as many pensioners continue to struggle on monthly payouts of about US$70 to US$80, which fall far short of…
KAVANGO Resources plc will issue 36,596,469 new ordinary shares on or around May 15, 2026, to Comarton Consultants and six pension funds under the Comarton Managed Pension Funds’ Investments Consortium as part of an ongoing investment agreement. The shares will be issued at £0,01 each, using a Bank of England exchange rate of £1 to…
FIDELITY Gold Refinery (Fidelity) says it is optimistic about reaching the targeted 50 tonnes of gold this year, up from 46,7 tonnes achieved in 2025. Fidelity general manager Peter Magaramombe told the Public Accounts Committee this week that the target will be buoyed by supportive government policies and expanding mining operations. “Last year…we achieved 46,7…
By Mbongeni Mguni, Bloomberg Botswana became the first African central bank to raise interest rates after the Iran war triggered a global energy shock, with inflation seen more than doubling this…
PREMIER African Minerals (Premier) has raised approximately £1 million through a new share subscription as it pushes ahead with commissioning works at its flagship Zulu Lithium and Tantalum Project in Zimbabwe. The AIM-listed miner issued 5 405 405 405 new ordinary shares at 0,0185 pence each in a subscription aimed at supporting commissioning activities, operating…
LOCAL technology firm, Avantis Technologies (Avantis) is targeting a listing on the Victoria Falls Stock Exchange (VFEX) in October as the company seeks to raise capital, strengthen corporate governance and expand its footprint across Africa. The Harare-based hardware and software manufacturer, founded in 2016 by entrepreneur Ari Goldstein, said the planned listing forms part of…
AUTHORITIES approved a sweeping package of regulatory reforms in manufacturing, health, financial services, and real estate, a move intended to slash business costs and stimulate broad-based economic growth. In a move meant to “modernise the regulatory environment,” the minister of Finance, Mthuli Ncube, announced on Tuesday night that Cabinet had sanctioned a “comprehensive package of…
By Taonga Mitimingi, Bloomberg Zambia’s central bank extended its easing cycle as inflation is projected to cool further, even as most policymakers globally adopt a wait-and-see approach to gauge the Iran…
By Bonolo Mokonoto and Ntando Thukwanam, Bloomberg South Africa’s unemployment rate rose more than expected in the first quarter as job losses in sectors including construction and community services weakened the…
THE Zimbabwe women’s national cricket team will be hoping for a fresh start when they take on Pakistan Women in the opening Twenty20 International at the National Bank Stadium today.…
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