WEF sheds light on key geopolitical risks
The World Economic Forum’s Global Risks report 2024 believes false information, rising conflicts and economic uncertainty are among the most widespread risks facing this year The World Economic Forum...
View ArticleZimplats imports power directly from Zambia
Business Reporter Zimplats, the country’s largest platinum producer, now directly imports up to 70 megawatts from Zambia, ensuring stable operations and potentially boosting production. Last year,...
View ArticleZim eyes to intensify tobacco value-addition
Conrad Mupesa Mashonaland West Bureau ZIMBABWE seeks to intensify the value-addition of its tobacco crop to claim US$60 billion of the world’s gold leaf industry by 2028. Currently, Zimbabwe is...
View ArticleHalf a million vehicles sold in SA
Car dealerships in South Africa managed to muster some growth in vehicle sales in 2023 despite consumers battling higher borrowing costs in the face of dwindling incomes. According to numbers released...
View ArticleMoxon made US$100m last year
Zimbabwean business magnate John Moxon recorded a notable surge in the market value of his stake in Meikles Limited, increasing by nearly US$100 million in 2023 thanks to the sustained surge in the...
View ArticleGhana gets debt-relief terms
Ghana has received a draft term sheet on debt relief from its official creditors that is sufficient for the International Monetary Fund to disburse US$600 million to the West African nation, Finance...
View ArticleWEF report 2024: Election disruptions from AI biggest risk
As around half of the world’s adult population heads to the polls in a bumper year of elections, concern over the role of artificial intelligence in disrupting outcomes has topped the list of the...
View ArticleTharisa performance key to Karo development
Tapiwanashe Mangwiro Senior Business Reporter Karo Mining Holdings’ development depends on the performance of parent company Tharisa which produced impressive results in 2023, according to the...
View ArticleBlanket Mine production in line with targets
Enacy Mapakame VFEX listed group, Caledonia Mining Corporation Plc’s local unit, Blanket Mine met its projected annual gold production targets for the financial year 2023 (FY23), despite a slow start...
View ArticleZIDA, ZIMRA sign collaboration agreement
Nelson Gahadza Senior Business Reporter The Zimbabwe Investment and Development Agency (ZIDA) and the Zimbabwe Revenue Authority (ZIMRA) have entered into a collaboration agreement that will enhance...
View ArticleUS$1,5 billion Dinson Mine commences operations April
Blessings Chidakwa Herald Reporter The first phase of the new giant steelworks at Manhize, the result of a US$1,5 billion investment by Dinson Iron and Steel Company (Disco) taking advantage of the...
View ArticleJapan’s Noto quakes fuel nuclear safety concern
TOKYO. — After a powerful 7.6-magnitude earthquake rocked central Japan on New Year’s Day, concerns over nuclear safety are growing amid renewed anti-nuclear sentiment.
View ArticleMilk output grows 9 percent
Zimbabwe’s milk production rose 9 percent to 90,31 million litres during the 11 months to November 2023 from 83,06 million litres in the comparative period in 2022, latest data shows.
View ArticleTongaat Hullet business rescue plan adopted
Sugar processor, Tongaat Hulett Limited (THL), had its business rescue plan approved and adopted by creditors, saving the entity from imminent liquidation that was looming.
View ArticleFirms increase power investments for own consumption
The Zimbabwe Energy Regulatory Authority (ZERA) says there has been increased investment in renewable energy by independent power producers (IPPs), mainly for their own consumption, in order to offset...
View Article40-tonne per annum gold target within reach: Govt
The Government says it will continue implementing a cocktail of measures to boost gold production to achieve the 40-tonne target stakeholders in the sector set in 2019.
View ArticleSwedish firm explores energy storage projects with local company
Nelson Gahadza Sustainable Energy Solutions Sweden Holding (SENS) has partnered with a Zimbabwean company, Nyembesi Corporate Services Africa, to explore energy storage projects in the country. Through...
View ArticleAfrica-focused infrastructure fund raises US$294m
An Africa-focused infrastructure fund raised US$294 million in debt capital to invest in projects on the continent as well as diversifying into Asia. The Emerging African Infrastructure Fund reached...
View ArticleUSD climbs toward highest since Dec
A gauge of the dollar rose toward a one-month high as Treasury yields climbed while investors sought more clues on the timing for a US interest-rate cut. The Bloomberg Dollar Spot Index gained as much...
View ArticleDe Beers cuts diamond prices
De Beers made one of the steepest cuts to its diamond prices in years as the world’s top producer tries to revive gem sales after the market ground to a halt. The industry almost came to a complete...
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