TIMB expecting 285 million kg of tobacco
Fungai Lupande Mashonaland Central Bureau The Tobacco Industry and Marketing Board (TIMB) is expecting not less than 285 million kilogrammes regardless of the high temperatures and El-Nino-induced...
View ArticleCapital Markets Awards to honour top players
Business Reporter A TOTAL of 10 local capital market players will next Friday walk away with accolades at the third edition of the Capital Markets Awards hosted by Business Weekly in partnership with...
View ArticleFounding, opposing and answering affidavits
Godknows Hofisi Most people are familiar with lawsuits by way of action proceedings based on summons or application proceedings through court applications. There are court rules to be followed during...
View ArticleWilldale gets three SAZ certifications
Business Reporter Zimbabwe Stock Exchange (ZSE) listed brick manufacturer, Willdale Limited, last week received the Integrated Management System (IMS) certification from the Standards Association of...
View ArticlePetrotrade, Genesis merger conclusion by June
Nelson Gahadza Senior Business Reporter The Government expects to conclude the merger between Petrotrade and Genesis Energy in the first half of 2024, as part of efforts to restructure state-owned...
View Article‘SeedCo Int stocks enough to meet regional demand’
Business Reporter SeedCo International says it has adequate seed stocks to satisfy demand across markets after the group achieved strong yields and quality seed grains in the 2022 production season....
View ArticleZeengaz wins best youth business award
Business Reporter INDIGENOUS Zeengaz Processed Foods emerged as the Overall Winner of national trade development and promotion body, ZimTrade’s Eagles Nest Youth Export incubation programme for 2023....
View ArticleNew tax measures critical to drive State programmes
Oliver Kazunga Senior Business Reporter THE taxation measures announced in the 2024 National Budget Statement last week are designed to raise revenue to support key programmes at a time when the...
View ArticleStability anchors insurance sector rebound
Tapiwanashe Mangwiro Business Reporter Zimbabwe’s insurance sector rebounded in 2023 driven by the stability in the economy and the success of the multi-currency regime, according to banking sector...
View ArticleLong-serving Econet company secretary honoured with Lifetime Achievement Award
Herald Correspondent Econet Wireless Zimbabwe’s former Company Secretary, Mr Charles Alfred Banda, has been honoured with a Lifetime Achievement Award by the Institute of Corporate Governance Zimbabwe...
View ArticleWB to provide electricity for 100m Africans by 2030
The World Bank has announced plans to allocate US$5 billion to provide electricity to 100 million people in Africa by the end of the decade. Access to electricity remains a pressing issue in several...
View ArticleKenya makes largest rate hike in over 10 years
Kenya’s central bank announced a big increase in interest rates on Tuesday aimed at stabilizing the shilling currency, whose depreciation has spurred economic distress. The monetary policy committee...
View Article62pc of African GDP dependent on nature
A recent report by The African Natural Capital Alliance (ANCA) during their co-session with FSD Africa at COP28 reveals critical insights into the exposure of African countries to nature-related risks....
View ArticleUganda parly approves US$1,38bn loans
Uganda’s parliament on Wednesday approved three loans amounting to over Ush5,2 trillion (US$1,38 billion) including Ush3,5 trillion (US$927,2 million) from local commercial banks to fund the...
View ArticleMinister Ncube welcomes debate on 2024 budget
Business Reporter Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube has welcomed the raging debate around some of the hot points in his 2024 National Budget...
View ArticleTurnbury complete Glenara One project
Business Reporter Construction consulting firm, Turnbury Property Developers, in partnership with Stanbic Bank, has completed the Glenara One housing project, designed to offer a modern and luxurious...
View ArticleSeed Co looks to grow USD sales
Enacy Mapakame Listed seed producer Seed Co Limited is looking to increase exports and bolster its US dollar-denominated sales, which will boost its foreign currency earnings. Despite the uncertainties...
View ArticleUS$27m earmaked for Pickstone 2nd phase expansion
Nelson Gahadza Senior Business Reporter Pickstone Peerless Mine intends to invest US$27 million into its second phase of the underground mining project, having already commissioned the first phase for...
View ArticleForbes names Oramah Africa’s Person of the Year
Business Reporter African Export-Import Bank (Afreximbank) president Professor Benedict Oramah was this week awarded Forbes Africa’s magazine 2023 Person of The Year. The award recognises the stellar...
View ArticleAfDB approves US$15m loan facility for NMB Bank
Business Reporter The African Development Bank (AfDB) has approved a US$15 million trade finance transaction guarantee facility for NMB Bank, the bank announced on Wednesday. This marks AfDB’s first...
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