Nigeria: Transcorp Hotels Records 67 Percent Revenue Growth, Profit Up By 192 Percent in Q3

[ad_1] Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group, has announced its Q3 results for 2024. The company reported a strong performance with a 67% revenue growth from N28.97 billion in Q3 2023 to N48.49 billion in Q3 2024 and a 192% increase in profit before tax from N5.64 billion in Q3 2023 to N16.44 billion in Q3, 2024. The organisation said the remarkable revenue growth is fueled by strategic pricing initiatives and robust sales efforts across all business […]

October 24, 2024

Africa

Africa: New Ibrahim Report Reveals Governance ‘Stagnation’ in Africa

[ad_1] Monrovia — The 2024 Ibrahim Index of African Governance report - released biennially by the Mo Ibrahim Foundation to assess the performance of various African governments and trends across the continent - reveals that the region has experienced years of "almost complete stagnation". The report said, that in 2022, overall governance progress "grounded to a halt" as rising conflict and insecurity, as well as a "shrinking democratic space", undermined progress. "Over the decade 2014-2023, there is progress for just […]

October 23, 2024

Africa

Africa: The IMF Just Made the Case for Its Own Irrelevance

[ad_1] Washington DC — On Friday the 11th, the IMF announced policy changes that will save developing countries $1.2 billion per year. Despite the self-congratulations and fanfare, these reforms are only a tiny fraction of what campaigners had been asking for -- and an even smaller share of what the Global South needs. This month, the International Monetary Fund (IMF) had an opportunity to end one of its most reviled policies and lift billions of dollars of debt off the […]

October 23, 2024

News

Zimbabwe: Simba Bhora Crumble Under Pressure

[ad_1] Castle Lager Premier Soccer League log leaders Simba Bhora coach Tonderai Ndiraya will be using his senior players as a trump card for their championship quest. He admits that Simba, who have maintained pole position in the championship race for weeks, are in unfamiliar PSL territory. As a result, this has exerted them under pressure on and off the pitch. On Saturday they suffered a shock 1-0 defeat against Herentals, who scored an injury-time winner at Rufaro. With FC […]

October 23, 2024

News

Zimbabwe: Scott Dangles U.S.$10k PSL Carrot . . . Nrsl Race With Mwos Hots Up

[ad_1] Head Zimpapers Sports Hub Scotland players will get US$10 000 each if they win the Northern Region Soccer League championship ahead of current leaders, MWOS. While addressing Scottland players at training yesterday, club president Pedzai "Scott" Sakupwanya said the incentives were aimed at securing the NRSL title on the first attempt. "I am pledging US$10 000 for each player if we (Scottland) make it to the Premier Soccer League," he said. With four matches remaining before the curtain comes […]

October 23, 2024

News

Zimbabwe: School of Excellence Boosts Mighty Warriors

[ad_1] The National Foods School of Excellence initiative is gradually taking off as a national teams' feeder channel after three of their players made it onto the squad set to participate in this year's COSAFA tournament. Prolific Heart League striker Morelife Nyagumbo who turns out for Faith Drive, Nadia Semba of Correctional Queens, and Maningi Youth Soccer Academy's Tanyaradzwa Chihoro are products of the SOE project. They are part of the team that departs today for Gqeberha, South Africa where […]

October 23, 2024

Entertainment

Zimbabwe: Model Wants Boy Child Recognised

[ad_1] Victoria Falls model, Future Nyoni, who is set to represent Zimbabwe in Sierra Leone at the Mr Africa International pageant running from December 12-24, has called for the recognition of the boy child. Mr Africa International was founded by Ayotunde Fabamwo in 2012 to empower and groom male models. Zimbabwe's hopes of winning the contest would be on Nyoni, who started modelling in 2017 under the mentorship of former Miss Zimbabwe, Samantha Tshuma. In an interview with The Herald […]

October 23, 2024

News

Zimbabwe: Rukato Gains Invaluable Karting Experience in Italy

[ad_1] The 2024 ROK Kart International Super Final was held at the South Garda kart track in Lonato, Italy, last weekend. Zimbabwe's qualifying driver, Seth Rukato (11), experienced the most exciting and challenging races of his short career when he took part in his first kart race outside the country. The event, which began last Tuesday with sporting checks and free practice sessions, continued during the week with five qualifying heats that decided the final order for the two pre-final […]

October 23, 2024

Africa

Africa: Three Somali Migrants Tortured to Death By Human Traffickers in Libya, Activist Reveals

[ad_1] At least three Somali migrants tragically lost their lives in September and October while being held in warehouses and homes operated by human traffickers in Libya, according to human rights activist Tariq Lamloum. Lamloum shared the grim news in a statement to Asharq Al-Awsat, exposing the brutal conditions migrants face while in captivity. The activist revealed that the families of the victims were contacted by kidnapping gangs based in the city of Bani Walid. The families were sent disturbing […]

October 23, 2024

News