Nestlé to allocate US$1 billion for coffee sustainability by 2023
Nestlé will spend more than a billion Swiss francs ($1 billion) to source coffee sustainably by 2030, the food giant said on Tuesday, more than double its previous commitment.
Business
Chinese, Belarusian miners invade Musangano Lodge
Chinese and Belarusian miners have invaded the internationally recognized Musangano Lodge in the Mutasa district of Manicaland to prospect for gold and other minerals.
Kenya president Ruto to introduce progressive income tax system
Kenyan President William Ruto vowed on Thursday to overhaul the country's income tax system and introduce reforms that would require high earners to pay more to reduce inequality.
Invictus Energy starts drilling of oil and gas exploration wells in Zimbabwe
Australian company Invictus Energy Ltd has started drilling one of two oil and gas exploration wells in northern Zimbabwe, the company announced on Monday.
Tourism group African Sun Limited completes Dawn Properties takeover
HARARE - A hospitality group, African Sun Limited has completed its outright acquisition of broker Dawn Properties Limited for US$1.47 billion for the six months ended June 30, 2022.
Pravin Gordhan announces plans to revamp Eskom’s board
Public Enterprises Minister Pravin Gordhan announced on Tuesday that Eskom's board of directors will be revamped and restructured.
South Africa increases repo rate by 75 basis points to combat inflation
The South African Reserve Bank raised the repo rate by 75 basis points to 6.25% on a Thursday in a move that has received mixed reactions.
IMF delivers bad news for Zimbabwe, projects massive economic growth drop
Zimbabwe's economic growth is expected to slump to about half of last year's levels amid growing fiscal instability and shrinking agricultural output, the International Monetary Fund (IMF) said on Monday.
Mabuza plays down Eskom privatisation talk
South African Deputy President David Mabuza reassured sceptics that privatizing struggling energy company Eskom is not an option for the ANC government.
Van Beurden to step down as British energy firm Shell chief executive
British energy giant Shell announced on Thursday that CEO Ben van Beurden will step down at the end of the year to be replaced by renewables director Wael Sawan.
