Business News

2 years ago | August 19, 2022

Traders stare at losses as gold coins boost Zimbabwe dollar

Not everyone is happy about the Zimbabwean dollar’s gains. Black market traders have been left reeling as measures taken ...

Powercuts weigh on production capacity

Enacy Mapakame As inflationary pressures and exchange rate volatility haunt businesses, erratic supply of utilities is ...

Cottco rebranding: What’s new?

Zimbabwean companies seem to be on a rebranding or rather a debranding leash with multiple big corporates in the country ...

Cross border traders bemoan limited access to loans

Business Writer Cross-border traders have bemoaned delays by banks in approving loans, a factor they say was affecting ...

Between a rock and a hard place

Clifford Shambare This article starts with a pertinent question: With all that intellect, that experience, and that ...

OK Zimbabwe’s sales volume hardly changed

Tapiwanashe Mangwiro OK Zimbabwe, one of the country’s retail giants, said volume rose by a marginal 1 percent in the ...

A victory lap that won’t age well

Over the last week, the shortage of Zimbabwe dollars (ZW$) has seen a retreat on the parallel market from 800 to below ...

Global supply shocks undermine price stability

Nelson Gahadza Zimbabwe’s exposure to global shocks undermines efforts to rein in inflation while further downside risks ...

Hwange expansion project 89,95pc complete

Oliver Kazunga Senior Business Reporter THE US$1,4 billion Hwange Thermal Power Station expansion project closed the ...

Stanbic makes inroads with China Import Solution

Business Writer Stanbic Bank has facilitated US$400 000 worth of imported products for its clients through its African ...

2 years ago | August 18, 2022

Invictus expands footprint in Muzarabani

Business Writer Invictus Energy picked up two more exploration rights in Cabora Bassa Basin, expanding its licence ...

Dube to lead accountancy institute

Enacy Mapakame The Chartered Governance and Accountancy Institute in Zimbabwe (CGAIZ) has appointed Jonathan Dube as its ...

PURE Oil contracts sunflower farmers

Business Writer PURE Oil, the producer of Zimgold cooking oil intends to contract sunflower farmers across the country ...

Namibia raises key interest rate by most in two decades

Bloomberg Namibia’s central bank raised borrowing costs by the biggest margin in almost two decades to safeguard its ...

Truworths (SA) expects record full year earnings

Moneyweb JSE-listed fashion retailer Truworths says it expects to report its highest full year earnings ever for the pro ...

Tencent unveils first sales fall, job cuts as economy sinks

Bloomberg Tencent Holdings logged its first-ever revenue decline after its workforce shrank almost 5 percent, ...

Kganyago warns of gray list fallout

Bloomberg South Africa’s central bank governor urged authorities to take urgent action to prevent the nation being added ...

2 years ago | August 17, 2022

Gold sector looking for US$1 bln, but that money can’t be ...

Business Writer The local financial market has limited capacity to finance huge capital requirements needed in the ...

Policy adjustments curbing artificial FX demand: Report

Business Report Research firm IH Securities in its latest Macro Economic Update, highlighted that there was a cooling of ...

Liquid rolls out awareness campaigns

 Enacy Mapakame Liquid Home, a part of Liquid Intelligent Technologies is this month rolling out awareness campaigns ...