Author: Albert Nangara

Ten state-owned enterprises (SOEs) are being prepared for listing on the Ghana Stock Exchange (GSE). Most of these SOEs have appealed to the government through the Ministry of Finance to assist them in recapitalizing their businesses. The approval of the President of Ghana is required because these SOEs are wholly or partially owned by the government. Consequently, presidential approval is required for these companies to offer their shares on the stock market. Ten state-owned enterprises in Ghana are about to be listed at the Ghana Stock Exchange (GSE) after being selected by the State Interest and Governance Authority (SIGA) and…

Hippo Valley Estates export sales volumes increased by 27% to 40,246 tonnes. Efforts are underway to expand the regional export market base so as to reduce the market concentration risk Hippo Valley Estates Limited, listed on the Zimbabwe Stock Exchange, is a subsidiary of Tongaat Hulett Limited and primarily involved in growing and milling sugar cane in Zimbabwe. Hippo Valley Estates, a leading sugar producer in Zimbabwe, has reported a 27% increase in sugar export sales volumes for the third quarter ended 31 December 2022 to 40,246 tonnes. The company attributes the jump to improved allocation of the United States…

Pulses are an important component of the global agrifood system and play a critical role in food security, nutrition, and economic development. Pulses refer to the edible seeds of leguminous plants, including beans, lentils, chickpeas, and peas, among others.  In 2021, Tanzania’s exports of pulses were valued at over US$ 269 million, making it the leading pulses exporting country in Africa. Tanzania is a leading producer of five commercially cultivated pulses: dry beans, chickpeas, pigeon peas, green grams, and cowpeas. These crops are grown in various regions of the country, including Manyara, Kagera, Kigoma, Mbeya, Mtwara, Dodoma, Njombe, Singida, and…

HotelOnline.co, has joined up with MTI Investment to launch a long-term booking platform for the island. Started with the intention of assisting travel agencies in making more informed booking decisions, the portal now serves as a definitive resource for those seeking out hotels on Zanzibar that are confirmed to employ environmentally responsible waste management systems. Sustainable tourism is beneficial to Zanzibar since it helps the local economy by providing jobs for the population. A major player in the African online travel agency industry, HotelOnline.co, has joined up with MTI Investment to launch a long-term booking platform for the island. This…

Tigere Property Fund, a Real Estate Investment Trust (REIT), declared its first US dollar dividend, totaling US$152,000. This marks a major milestone for the company, which listed on the Zimbabwe Stock Exchange (ZSE) last year. The global REIT market size is estimated to increase by USD 333.01 billion between 2022 and 2027. The market’s growth momentum will accelerate at a CAGR of 2.8% during the forecast period. Zimbabwe’s Real Estate Investment Trust (REIT) market has seen a significant development in recent times, with one REIT making a bold announcement regarding its dividends. Tigere REIT, known for its extensive real estate…

The credit growth in Namibia has surpassed the average annual credit growth over the past few years, largely driven by corporate entities. The private sector credit uptake has reached a remarkable N$118 billion in 2022, which reflects a 3.6 per cent average growth compared to the 3.4 per cent predictions. The 4.2 per cent year-on-year credit growth in December 2022, as opposed to the 3.7 per cent growth recorded in November 2022, has been instrumental in this upward trend. The financial landscape in Namibia has undergone a significant shift as the private sector’s credit uptake surpasses the N$100 billion mark.…

Letshego Holdings is the number 1 most traded stock on the Botswana Stock Exchange over the past three months. The company has traded a total volume of 27 million shares—in 177 deals—valued at BWP 33.8 million over the period, with an average of 429,146 traded shares per session. Letshego Holding stated its intention to streamline its business operations in Tanzania, and appointed Gorata Tlhale Dibotelo as Head of Group Legal, Governance, and Group Company Secretary. Letshego Holdings Limited (LHL), an inclusive financial services group with microfinance, banking and consumer lending subsidiaries across 11 countries in sub-Saharan Africa, has confirmed the…

Coffee from the African continent accounts for around 12% of the world’s production of coffee beans and within this Ethiopia and Uganda combined account for approximately 62% of the total output. By adding value to their product, small-scale coffee producers can increase their profits, improve their competitiveness, and tap into new and emerging markets. The African continent, replete with diverse topography and meteorological conditions, has for generations been a bastion of agriculture, with the cultivation of crops like coffee being one of the mainstay pursuits of the agrarian population. In recent times, however, there has been a growing consensus among…

The use of generators in Africa has become a necessity for businesses as they complement the downtime of electricity for continued productivity. The Environmental Management Authority (EMA) has ordered a fine of ZWL$100,000 for operating a generator over 5kVA without a license, in accordance with Section 64 of the Environmental Management Authority Act. The Zimbabwe Energy Regulatory Authority (ZERA) has enforced the proper usage of generators exceeding 100 kilowatts of installed capacity to enhance public safety.   Zimbabwe’s energy landscape has been marred with numerous challenges in recent times, which has resulted in a significant proportion of businesses and households having…

Investing in Africa’s music industry offers numerous opportunities for growth and success. Dataxis predicts that Africa’s annual music streaming revenues will grow from US$92.9 million in 2021 to US$314.6 million by 2026. The music industry in Africa faces significant competition from international music markets, particularly from Europe and North America. The music industry in Africa is a growing and dynamic sector that offers numerous opportunities for investment, growth and success. Despite facing challenges such as intellectual property rights issues, lack of investment and infrastructure, and competition from international music markets, the music industry in Africa is thriving and presents a…