Company News

Aliko Dangote signs US$1 billion investment deal with Zimbabwe Aliko Dangote, widely regarded as Africa’s richest man, has signed a landmark US$1 billion investment agreement with the government of Zimbabwe, officials said, marking a significant vote of confidence in the country's economy under President Emmerson Mnangagwa. Deal scope and sectors According to the terms announced after a meeting between Dangote and President Mnangagwa, Dangote’s conglomerate will channel funds into cement manufacturing, power generation…

Botswana’s Diamond Dilemma: The Social and Economic Fallout of a Resource-Dependent Economy As Botswana grapples with an unprecedented fiscal crisis, the shimmering allure of diamonds—the cornerstone of the nation’s wealth—has turned into a stark reminder of vulnerability. This dilemma illuminates a larger narrative: the challenges faced by resource-dependent economies in an ever-evolving global market. The Glitter Fade: A Market at a Crossroads Once celebrated as Africa's beacon of prosperity, Botswana now finds itself…

In a striking move, the state-run National Handling Services (NHS) has sent several senior executives home amid serious allegations of corruption, ineptitude, and failures in corporate governance. Among those suspended are Godknows Maravanyika, Question Maisera, and Shamiso Nyangairi, who heads the Human Resources department. These individuals face accusations of financial improprieties and mismanagement of company assets. The atmosphere within NHS resembles a stormy sea, as discontent among employees reaches a boiling…