Is Africa still rising?

By Brahima S. Coulibaly, WASHINGTON, DC – Between 2000 and 2014, Africa grew at a strong clip, fueling belief in the narrative of an “Africa rising.” But, since 2015, growth across Sub-Saharan Africa has weakened, and the poor outlook for commodity prices has cast doubt… Read More

Delta buys Zambia’s National Breweries

HARARE, October 13 (The Source) – Listed beverages manufacturer Delta Corporation, (Delta), says it is set to acquire a controlling stake in Lusaka Stock Exchange-listed sorghum beer company, National Breweries Plc (NatBrew), from its parent firm, Anheuser-Busch InBev SA/NV (AB InBev).Company secretary Alex Makamure said… Read More

Simbisa FY PAT at $6,3mln

HARARE, October 2 (The Source) – Simbisa Brands reported a net income of $6,3 million, up from $5 million last year driven by an eight percent growth in revenue.   Revenue grew from $146,6 million in the same period last year to $158,9 million as… Read More

Dangote Cement bids for PPC

HARARE, September 14 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) on Thursday said it had received an offer from Nigeria’s Dangote Cement to acquire the company’s entire share capital.