ZIMBABWE Stock Exchange-listed resource firm Falgold has released its 2008 full year financials 11 months after its year-end.
UNTIL relatively recently, big oil gave little thought to sub-Saharan Africa beyond the coast of Nigeria and Angola. That's changing rapidly after a significant find off the Atlantic coast of Sierra Leone, where both Anadarko Petroleum and U.K.-based Tullow have exploration licenses, and another strike in Uganda, where Tullow operates.
As trading for the week ends today, following the Federal Government's declaration of public holidays on Thursday and Friday in commemoration of the Muslims eidel-filtri celebration , investors would be embarking on this holiday with more losses on their investments.
JSE-listed energy group Oando expected its oil fields Oil Mining Lease 90 and 56 to start production within the next two quarters, the company said yesterday.
Uganda's stock market has become a boiling point of interest from the public since the revolutionary Stanbic IPO was issued. Mr Kenneth Kitariko, the general manager of investment firm African Alliance spoke to The Monitor.
Gold rallied briefly to a new record peak at 1122,85/oz yesterday, while platinum, palladium and rhodium all hit their highest levels in a year on a wave of speculative buying.
Chevron Nigeria Plc has recorded a significant improvement in its financials, posting a 317 per cent increase in its bottom line for the third quarter financial performance.
Financial counters dominated activity on the Botswana Stock Exchange (BSE) last week as investors continue to come back to the market.
Cellcom Telecommunication Incorporated, the privately-owned American cell phone and Internet Company in Liberia is offering opportunities to Liberians, other residents and business houses to participate in profit-sharing rights of the company. This is the first time a profitable and privately-owned company is offering shares to the Liberian public.
TWO directors of the Huge Group who sold their own private shares and committed the company to buy them back at a far higher price have each been fined R5m for their actions.
With the depleting financial base of the federal and state governments, in the face of the global economic downturn and mounting needs, exploring other sources of revenue appears inevitable.
The East African Community marks its 10th anniversary on Friday in Tanzania, where the heads of partner states are expected to sign the Common Market Protocol.
TRADING on the Zimbabwe Stock Exchange opened the week bearish with the key industrial index shedding 2,54 percent to close at 159.94 points due to profit taking.
VT Leasing Limited has expressed its readiness to list on the Nigerian Stock Exchange (NSE) within the next two years.
EARLY in the year, a high-powered South African business delegation visited Zimbabwe to assess opportunities following the formation of the unity government.
