Metallon to dump near-surface mining
Business Reporter Metallon Corporation is phasing out near-surface mining and resuming underground shaft operations at its Mazowe Gold Mine in Mashonaland Central province, as it looks to align with...
View ArticleDangote’s wealth rises to highest within decade
Nigerian tycoon Femi Otedola said he will add to his purchases of Dangote Cement Plc’s shares after his recent acquisition in part helped propel the wealth of billionaire Aliko Dangote, founder of the...
View ArticleClimate change risks raising SA premiums
Climate change poses the most significant threat for South African insurance companies and risks raising premiums and the cost of reinsurance, a top official at its biggest insurer by assets said....
View ArticleNew industrial policy to spur manufacturing
Michael Tome Business Reporter ZIMBABWE is working to transform its economy into a shining beacon of innovation and industrialisation globally, famed for producing a range of new, advanced and...
View ArticleDinson seals 400kV line deal
Trust Freddy Herald Correspondent Dinson Iron and Steel Company yesterday signed a memorandum of understanding with Xian Engineering Enterprise, a subsidiary of China XD, for the construction of the...
View ArticleSimbisa expands footprint in fast foods industry
Herald Correspondent THE Zimbabwean fast food industry is experiencing a major boom as more food outlets are being opened by Simbisa Brands as part of their expansion drive to cater to all citizens....
View ArticleDangote refinery set to import US crude oil
Traders with insider information revealed that Trafigura Group has sold 2 million barrels of WTI Midland to the Dangote refinery for delivery at the end of February, Bloomberg reported.
View ArticleKenya looking at Eurobond buy back
ROME. – Kenya is looking to buy back in February or March at least some of its US$2 billion Eurobond, President William Ruto said yesterday, dismissing any risk the country would default.
View ArticleIMF lifts global growth outlook, cuts Sub-Saharan Africa forecast
The International Monetary Fund (IMF) yesterday edged its forecast for global economic growth higher, upgrading the outlook for both the United States and China — the world’s two largest economies —...
View ArticleEmerging markets stocks struggle
Equities in emerging economies lost momentum yesterday as markets in China and Hong Kong were hit by growing property sector concerns, while the Hungarian forint was subdued in the run-up to a widely...
View ArticleZim tobacco export earnings jump 240pc
ZIMBABWE’s tobacco exports increased by 240 percent to US$274,7 million in January this year compared to the same period last year when US$80,9 million worth of the crop was shipped from the country,...
View ArticleTanganda says El Niño unlikely to impact business
Zimbabwe Stock Exchange (ZSE) listed Tanganda Tea Company Limited has said the predicted El Niño weather effects are unlikely to severely impact its operations, avocado and macadamia yields in particular.
View ArticleVary export priorities: Economic experts
Economic experts have called for a multi-pronged approach that prioritises export diversification and value addition to limit Zimbabwe’s exposure to external commodity price shocks.
View ArticleArbitration over commercial disputes
Godknows Hofisi Commercial disputes are common and vary in nature and complexity. In simple terms a commercial dispute refers to disagreements over commercial arrangements or contracts. This is...
View ArticleRussian banks make record US$36,8bn
Russian banks made 3,3 trillion rubles, or US$36,8 billion profit, last year, marking a record high, the country’s central bank announced on Tuesday. The performance came as somewhat of a surprise,...
View ArticleNaira plunges 31pc, new rate closer to street rate
Nigeria’s naira plunged to a record against the dollar following a revision of the methodology used to set the exchange rate, in effect the second devaluation of the currency in seven months. The local...
View ArticleNetOne to install data, internet infrastructure
Michael Tome Business Reporter STATE owned mobile phone operator NetOne intends to deploy additional capital this year towards installation of data and internet service infrastructure, as data traffic...
View ArticleIMF cuts SA’s 2024 growth forecast
The International Monetary Fund (IMF) downgraded its economic growth forecasts for South Africa, warning that logistical challenges are constraining activity and acting as a drag on the entire region....
View ArticleNOIC declares US$1m dividend to Mutapa fund
Nelson Gahadza Senior Business Reporter The National Oil Infrastructure Company of Zimbabwe (NOIC) has declared a US$1,050 million dividend to the Mutapa Investment Fund (MIF) after performance...
View ArticleDelta launches new Chibuku beer flavours
Business Reporter DELTA Corporation has launched two new flavours of its Chibuku Super beer brand under the sorghum segment as the firm seeks to offer differentiated products and choices to meet the...
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