The strong rally witnessed on the Zimbabwe Stock Exchange in the previous week immediately came under a check during the week ended yesterday, as investors descended on the high yielding investment market to pocket gains reaped in the preceding week

DELTA Corporation Limited, Zimbabwe's prime producer and distributor of alcoholic and non-alcoholic beverages, has suffered a US$2 million impairment from the disposal of its 30 percent stake in Ariston Holdings Limited at US$4 million.

Activities on the Nigerian Stock Exchange retained its recovery streak yesterday on the heels of three days unsteady movement in the major performance indicators.

SHARES in technology company Spescom surged 5,77% yesterday to 55c, after it reported headline earnings per share of 12,7c for the year to September -- a rise of 24,5% from the previous year.

JSE-listed Rainbow Chicken , supplier of birds to fast-food chains KFC and Nando's, yesterday warned of lower profit levels to come, even as it reported higher chicken sales.

Equities' value on the Nigerian Stock Exchange (NSE) appreciated Wednesday, by N17.04 billion. Specifically, equities' value, represented by the market capitalisation, rose by 0.34 per cent to close at N5.064 trillion from N5.047 trillion at which it opened.

East African Portland Cement Company shareholders have approved the directors' decision to issue a Sh3 billion bond to repay a nagging yen-denominated loan.

Pristine Global Pvt has invested $100,000 to expand its business in Tanzania, Malawi and Senegal.

AFRICA Land Fund has gained control of Ariston Holdings after buying Delta Beverages' 41 percent equity in the horticultural firm for about US$4 million.

Reserve Bank governor Gill Marcus has nailed her colours firmly to the mast of non intervention in the currency market and refraining from support to keep the rand at a particular level .

International banking group, Standard Chartered Bank says that its conservative approach to business is the reason why the bank has been successful over a long period of time and they are confident the strategy will continue to pay dividends in

As the CBN approves the harmonisation of the two association in the microfinance sector, the Association of All Microfinance and National Association of Microfinance Banks of Nigeria, the CBN and the umbrella body regulating the activities of microfinance banks in

The World Bank has provided a 110 million US dollar credit to Mozambique as direct budget support, under an agreement signed in Maputo on Friday by Planning and Cooperation Minister Aiuba Cuereneia and the World Bank representative in Maputo, Luiz

Barclays Bank of Kenya has returned a 4.2 per cent growth in pre-tax profit for the nine months ending September 30, 2009, reflecting the impact of the economic slowdown on various sectors of the economy.

In a world characterized by turbulence and uncertainty, insurers are more than ever called upon to provide companies and individuals with the means to face risks thanks to swift and efficient services.

ZANU PF MPs secured immunity for the Reserve Bank governor and his staff after the House of Assembly approved this week amendments to a Bill to reform the central bank. Reserve Bank governor Gideon Gono has repeatedly pushed for immunity.

BANK deposits went up to US$1, 016 billion from US$706 million between June and October, an increase of 44%. The increase in bank deposits within the four months was merely transitory, thus the funds could not be used as long-term

Central Bank Governor, Malam Sanusi Lamido Sanusi, has urged the Nigerian National Petroleum Corporation to continue with the reforms in the petroleum sector irrespective of the prevailing challenges, saying they were critical to the banking sector in Nigeria.

The Comptroller-General of Customs, Dikko Abdullahi, has approved the lifting of the suspension on First Bank from Customs duty collection.

Standard Chartered Bank Gambia limited has opened a brand new State-of-the-art Dealing Room on Tuesday afternoon at its head office in Banjul.