Govt to provide guarantees for critical economic sectors
THE Government is considering providing guarantees to the private sector this year related to the ongoing disbursements of the Special Drawing Rights (SDRs) facilities, The Herald Finance and Business...
View ArticleMicrosoft is worth more than US$3tn
Microsoft became the second-ever company worth US$3 trillion on Wednesday as the artificial intelligence boom sent shares of the company’s stock soaring higher.
View ArticleBoeing faces new safety alert
The US Federal Aviation Administration has urged airlines to inspect so-called door plugs on an earlier version of Boeing 737 airplanes, after one blew out of the side of the newer Max model during an...
View ArticleNetflix subscribers surge on pandemic
Netflix shares surged after the streaming giant reported its best quarter of growth since viewers were stuck at home in the early days of the pandemic.
View ArticleHow to ease rising external debt-service pressures
As 2024 starts, the good news is that there haven’t been any notable requests by a low-income country for comprehensive debt relief since Ghana’s, more than a year ago. Despite this, vulnerabilities...
View ArticleEnergy investments to aid industry’s capacity utilisation
Investments in electricity supply and continued investments in the energy sector are expected to greatly improve the power supply situation that will aid industry capacity utilisation to 60 percent in...
View ArticleAFC Commercial Bank enhances financial inclusion with new product
AFC Commercial Bank says it will continue to enhance its financial inclusion drive following the launch of its Digipay Wallet, an innovative solution that seeks to improve access to banking services...
View ArticleNew plant increases CAFCA energy consumption 16pc
CAFCA, the country’s only cable manufacturer, says its energy intensity rose 16 percent in the year ended September 30, 2023 compared to full year 2022, owing to the installation of an electrolysis plant.
View ArticleDelta revenue surges 19pc
Delta Corporation reported a 19 percent surge in revenue in US dollar terms for the quarter ended December 31, 2023, compared to the same period last year.
View ArticleExports, imports jump as Forbes opens 24/7
THE volume of goods being exported and imported into the country increased almost six times following the opening of Forbes and Machipanda Border Posts to operate round the clock, Post Business has...
View ArticleKenyan shilling makes three-year high rebound
The Kenyan Shilling, one of Africa’s worst-performing currencies in 2023, recently experienced a gain of 0,73 percent against the US dollar. The currency has not had this sort of gain in over 3 years,...
View ArticleSARB leaves rates on ice
The South African Reserve Bank (SARB) has effectively closed the door to cutting interest rates any time soon until the consumer headline inflation dips to the midpoint of the target range. The SARB’s...
View ArticleRail disruptions cut SA coal exports
Shipments from South Africa’s biggest coal export facility dropped to the lowest in over three decades in 2023 as rail disruptions weighed on deliveries from mines. Richards Bay Coal Terminal shipped...
View ArticleZambia inflation nears two-year high
Zambia’s annual inflation rate rose to an almost two-year high amid the ongoing depreciation of its currency, piling pressure on monetary policymakers to act when they meet next month. The consumer...
View ArticleRBZ auction boosts industrial production
Nelson Gahadza Senior Business Reporter The Confederation of Zimbabwe Industries (CZI) says most businesses that benefited from the Reserve Bank of Zimbabwe (RBZ) auction system have seen improved...
View ArticleZITF seeks to promote entrepreneurial mindset
Business Reporter THIS year’s edition of the Zimbabwe International Trade Fair (ZITF) will have a special focus on cultivating and nurturing an entrepreneurial mindset to drive the country’s...
View ArticleImport permits for key products scrapped
Business Reporter THE Government has scrapped import permits and licenses for fertiliser and other key products, including confectioneries and construction materials. Statutory Instrument 6 of 2024,...
View ArticleNigeria inks massive US$7bn investment deal
The Federal Government of Nigeria has secured US$7 billion out of the US$14 billion investment deal promised to the country during the G20 Summit in India last year. This was revealed by...
View ArticleKenya loses US$200m amid oil dispute with Uganda
Kenya’s oil fallout with Uganda late last year has amounted to an estimated US$200 million loss. New data shows that the loss extended for three months, as Uganda opted for an alternative oil partner...
View ArticleUnclaimed pension benefits surge to $33bn
Enacy Mapakame Unclaimed pension benefits continue to rise after jumping 371 percent to $33 billion as of September 30, 2023, compared to $7 billion recorded during the same period in the prior year,...
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