Russian grain chief says BRICS exchange idea gaining traction
A Russian idea backed by President Vladimir Putin for a BRICS grain exchange that would allow buyers to purchase directly from producers is gaining traction ahead of a summit of the group in October,...
View ArticleGold prices jump higher as FR signals rate cuts
Gold investors are breathing a sigh of relief, and the market is seeing some renewed buying momentum as the Federal Reserve signals that it is still on track to lower interest rates three times this year.
View ArticleAfreximbank opens Kigali office
The African Export-Import Bank (Afreximbank) launched its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda.
View ArticleAverage SA salary rises 2,5pc in Feb
South African average salaries improved by 2,5 percent in February with the monthly, annual and quarterly increases suggesting a better year for take-home pay.
View ArticleWilldale eyes transition to renewable energy
Brick maker, Willdale Limited says efficient energy management is crucial to its manufacturing processes, as such, the group is planning to migrate to solar energy.
View ArticleZimbabwe Gold Production Index, First Quarter 2019 to Fourth Quarter...
National trade promotion body, ZimTrade, along with the trade and investment promotion bodies in Zimbabwe and Zambia recently signed a tripartite memorandum of understanding (MoU) to promote economic...
View ArticleMazowe Mine managers seek corporate rescue
Senior managers of Metallon Corporation’s Mazowe gold mine have filed a new application for corporate rescue with the High Court, about three years after a previous bankruptcy protection order was...
View ArticleBeverage traders seek end to supplier restrictive practices
Business Reporter BEVERAGE wholesalers and retailers in Zimbabwe have bemoaned restrictive practices by some of the country’s largest manufacturers saying the unfair business practices, apart from...
View ArticleShort sellers bet US$11bn crypto stock rally won’t last
Total short interest, or the amount that contrarian traders have pledged against crypto stocks, has increased to nearly US$11 billion this year, according to a report from S3 Partners LLC on Monday....
View ArticleZimswitch accelerates digital payments adoption in Zimbabwe as it celebrates...
Zimswitch, a company founded in 1994 has over the years registered exponential growth in transaction volumes due to the increase in the adoption of digital payments in the country now boasting of...
View ArticleResolving disputes on valuation of shares
Godknows Hofisi I have previously written articles on the valuation of shares and shareholding disputes. In this article, I give some hints on possible approaches to consider when attempting to resolve...
View ArticleChilakalaka recalibrates Zimswitch’s growth trajectory
Payments technology company, Zimswitch chief executive Zabron Chilakalaka has been instrumental in recalibrating Zimswitch’s 30-year journey from just being a collaborative platform for sharing...
View ArticleLake Chivero gets conservation boost
Jeffrey Gogo The Zimbabwe Parks and Wildlife Management Authority (ZimParks) is working with a regional tourism company, Four Faces International, to boost conservation efforts at the Lake Chivero...
View ArticleOppein Zim targets middle-income earners
Business Reporter Upmarket home cabinetry designer and maker Oppein Zimbabwe is expanding its focus to target the middle-income segment of the population after experiencing significant growth since...
View Article‘Tigere Property Fund positioned for growth’
Business Reporter Tigere Property Fund says it has positioned itself for sustained growth with a pipeline of ‘exciting’ acquisition opportunities for new developments. The first Zimbabwean Real Estate...
View ArticleHow passion, ingenuity can foment strong legacy
Business Reporter “Our greatest glory is not in never falling, but in getting up every time we do”. The above quote from Confucius, one of the ancient Chinese philosophers aptly describes the journey...
View ArticleSA to continue using coal
SOUTH African mines and energy minister Gwede Mantashe says the country will continue to burn substantial amounts of coal “for a long time”. “This belief that you can leave coal and move to renewables:...
View ArticleTobacco auction floors hit record price
Martin Kadzere Zimbabwe’s auction floors saw tobacco prices surge past the previous highest level of US$4,99 per kilogramme yesterday, suggesting strong demand for the “free-funded” crop. Tobacco...
View ArticleAfrica’s richest man Dangote stands between Europe and US$17bn revenue
The recently built Dangote refinery could significantly dent the European oil market. The refinery threatens to heighten the competition for European refineries in a market that already seems...
View ArticleCottco rocked by suspensions of managers, critical staff
Business Reporter The Cotton Company of Zimbabwe has been rocked by a wave of suspensions of senior managers and critical staff over allegations of inputs abuse, fuel diversion, and pilfering of ginned...
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