Nigeria to tackle soaring food prices
Nigeria has touted plans to regulate food prices. On Tuesday, the vice-president of the country, Kashim Shettima revealed the federal government’s plans to set up a committee in charge of controlling...
View ArticleTanzania maintains low debt profile
According to a recent report by Tanzania’s Parliamentary Budget Committee, the country’s debt significantly increased in the space of a year. Tanzania’s government debt shot up 17,09 percent from 2022...
View ArticleBritain’s economy falls into recession
Britain’s economy fell into a recession in the second half of 2023, a tough backdrop for Prime Minister Rishi Sunak who has promised to boost growth ahead of an expected 2024 election. The Office for...
View ArticleTanganda bemoans late onset of rains
Business Reporter Tanganda Tea Company says the late onset of the rainy season adversely impacted bulk tea production, resulting in a 19 percent decline in volumes to 1 986 metric tonnes in the quarter...
View ArticleDeloitte Zimbabwe localises ownership
Business Reporter SENIOR partners in Deloitte Zimbabwe have reached an agreement to buy out the local unit this year, leading to its departure from the existing Deloitte network. Following the...
View ArticleTelOne seeks US$250m to transform operations
Africa Moyo in BULAWAYO TelOne (Private) Limited has developed a technology roadmap that requires US$250 million to position the company as a modern communications solutions provider, CEO Mr Lawrence...
View ArticleEx-FCB boss takes over reins at Jamboo
Business Reporter FORMER chief executive officer (CEO) of First Capital Bank, Ciaran McSharry, has been appointed CEO of Jamboo, a digital solutions provider co-founded by Zimbabwean entrepreneur...
View ArticleUganda signs US$400m deal for fertiliser plant
Uganda’s Energy Minister Ruth Nankabirwa on Thursday signed a joint development agreement with Industrial Promotion Services (IPS) and Westgass International for a green hydrogen fertiliser plant. The...
View ArticleThe beer gamble that is threatening Zanzibar’s economy
Prices of beer and other alcoholic beverages have continued to surge in Zanzibar amid limited supply, forcing those who imbibe to dig deeper into their pockets. But that situation could also derail...
View ArticleAfrica’s economic growth fell to 3,2pc in 2023: AfDB
Africa’s economic growth fell to 3,2 percent last year from 4,1 percent in 2022, the African Development Bank (AfDB) said on Friday, but it projected higher growth this year for all regions except...
View ArticleLocal firm, church drag NRZ to Supreme Court
Business Reporter A LOCAL firm Ojei Ventures (Private) Limited and church, Redeemed House of God, have appealed a High Court ruling that dismissed their application for spoliation order against the...
View ArticleHippo Valley feels effects of unfavourable weather conditions
Business Reporter Hippo Valley Estates (Hippo) says total sugar produced in the quarter to December 31, 2023, which marks the end of the crushing season, declined 6 percent to 194 684 tonnes on the...
View ArticleZIDA to double down to drive investments
Nelson Gahadza The Zimbabwe Investment and Development Agency (ZIDA) says it will continue to foster strong partnerships with key stakeholders to promote investment processes and ease of doing...
View ArticleEcoCash widens its merchant channel partnerships
Herald Correspondent EcoCash, Zimbabwe’s leading financial technology platform, says it has further widened its merchant strategic channel partnerships with nation-wide supermarket chains, pharmacies,...
View ArticleGlobal factory check-up to reveal extent of recovery
Manufacturing will get a temperature check from closely watched measures of activity for Europe and Asia, an opportunity to gauge whether a nascent recovery in factory output is gaining traction. A...
View ArticleSacked Twitter workers in Ghana finally compensated
Ex-employees of Twitter, rebranded as X, have received compensation from the company over a year after their sudden dismissal. These workers, formerly working at the Africa office located in Accra,...
View ArticleKenya woos Uganda, Rwanda to Mombasa port
Uganda, Rwanda and South Sudan have supported Kenya’s move to offer end-to-end logistics services, even as clearing and forwarding agents protested the move that potentially locks them out of business....
View ArticleAmplats to cut jobs cuts after profit plunge
Anglo American Platinum said on Monday it plans to cut thousands of jobs at its mines in South Africa after its profits plunged by 71 percent last year. The company said in a statement that it was...
View ArticlePremier seeks US$3,1m to commence operations
Oliver Kazunga Senior Business Reporter ZIMBABWE-focused diversified mining group Premier African Mineral intends to raise £2,4 million (about US$3,15 million) to fund its Zulu Lithium and Tantalum...
View ArticleTanganda to grow regional footprint
Business Reporter Zimbabwe Stock Exchange (ZSE) listed horticulture firm, Tanganda Tea Company intends to expand its regional footprint to grow its export proceeds and dilute the impact of foreign...
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