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Langer Heinrich will receive a boost of N$515 million from its parent company, Paladin Energy, for its third expansion plans, said Wyatt Buck, general manager of operations at the mine.
Government is expected to realign arms manufacturer Denel and put it back under the control of the Department of Defence and Military Veterans.
ZAMTEL managing director, Mukela Muyunda has said partial privatisation will be essential for the revival of the company.
THE Communications Authority of Zambia (CAZ) has directed Zain Zambia to resolve its network problems within 48 hours.
MINING giant Mwana Africa will soon resume operations at Freda Rebecca gold mine following an improvement in Zimbabwe's economic environment, Mwana Africa's chief executive Mr Kalaa Mpinga has said.
Canadian exploration cooperation, Vangold Resources Limited has agreed with the government of Rwanda to enter into talks for a special exploration license.
Though Rwandatel failed to hit its subscription target by 30 percent that was set for the first half of 2009, management says its market share has increased to 15 percent.
A division of the Emirates Group and the region's leading Destination Management Company, Arabian Adventures has appointed a new business development manager as part of its continued expansion programme.
Flying Dove, the authorised distributor of Sony consumer electronics products in Nigeria, has commissioned two new, exclusive Sony Showrooms in Lagos.
SHELL has sued the Uganda National Bureau of Standards (UNBS) demanding sh768.1m over the closure of its outlets.
MOGAS has launched new lubricants for its east and central African operations.
Former auditor-general Shauket Fakie and Absa CEO Maria Ramos have turned down approaches from the ANC to serve on the SABC's interim board.
Tullow Oil, the biggest oil exploration company in Uganda, has said it is ready to open its books once the legislation on oil contracts is in place in Uganda.
Botswana's trade deficit has started to ease-off as diamond sales pick-up on the back of renewed hopes of an economic recovery.
NATIONAL power utility, ZESA Holdings this week said defaulting customers now owe the parastatal more than US$185 million in unsettled bills, some dating back to February this year.
Tullow Oil has been exploring oil potential in the Lake Albertine Graben since 2001. Ibrahim Kasita and Els De Temmerman talked to Brian Glover, the business unit manager Uganda. Below are excerpts...
EXXARO , one of the biggest suppliers of coal to Eskom, has signed a joint venture agreement with Sasol Mining that could lead to the development of a mine double the size of Exxaro's Grootgeluk coal mine.
Shareholders of Starcomms Plc, Wednesday, endorsed the proposal by its Board of Directors to establish a management share incentive scheme for the benefit of the employees to spur them for increased productivity.
One of the popular Botswana Hip-hop musicians Zeus, has just signed a licensing deal with leading cellular network provider, Mascom.
Amalgamated Bank of Southern Africa (ABSA) has sued Zambia for breach of contract involving more than US$74 million in the importation and refinery of feed stock.
Zain Kenya customers will from Friday spend 25 per cent less in internet access charges for the unlimited internet package service.
INSURGENT LonZim Plc shareholders have escalated their battle against four of the group's directors, issuing an announcement that is likely to dismantle any defence that has so far provided them with ammunition against a planned vote of no confidence from shareholders.
AFRICA First ReNaissance Corporation (Afre)'s property arm, Pearl Properties Ltd, plans to invest in new retail properties, particularly shopping malls and industrial parks, in the country's key, high-traffic locations.
NIGEL Chanakira is wasting no time in finding potential suitors to recapitalise Kingdom Financial Holdings Limited (KFHL) and buy-out shareholders who may want to dispose of their stock in the aftermath of Kingdom Meikles Africa Limited (KMAL)'s de-merger which went through on Monday.
A CONSORTIUM of deep-pocketed investors led by astute banker Patterson Timba signalled its intention to control hospitality business, Rainbow Tourism Group (RTG), after increasing its shareholding in the group on Friday last week.
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