Masimba converts land banks into stands, houses
Enacy Mapakame Construction firm Masimba Holdings Limited is tapping into its vast land banks across the country, converting them into residential developments to deliver thousands of stands and...
View ArticleEAC’s ‘fragile’ states set for fastest GDP growth
The International Monetary Fund (IMF) has named South Sudan, Burundi and the Democratic Republic of the Congo as the East African Community (EAC) member states poised for the quickest economic growth...
View ArticleAnglo rejects BHP’s US$39bn takeover proposal
Anglo American rejected rival miner BHP Group’s 31,1 billion pound (US$39 billion) takeover proposal on Friday, saying the bid significantly undervalued the London-listed miner and its future...
View ArticleAfrican countries seek global tax equality
African countries are pushing for a platform at the United Nations that would provide them an opportunity to discuss global tax rules on an equal footing. The tax rules would enable them to address...
View ArticleZim to report three sets of inflation numbers
Tapiwanashe Mangwiro Senior Business Reporter The Zimbabwe National Statistics Agency (ZimStat) has begun reporting three sets of inflation figures following the introduction of the new currency,...
View ArticleDubai pumps US$35bn into world’s biggest airport
Dubai is undertaking a massive expansion of an airport that it plans to be five times the size of its current international hub. Sheikh Mohammed bin Rashid Al Maktoum, the emirate’s ruler, said the...
View ArticleImports drive demand for warehousing space
Francis Gakanje Demand for warehousing space in Zimbabwe continues to grow due to the significant amount of imports into the country, which remains high despite progress made in promoting local...
View ArticleZimplow pivots back to mining, infrastructure
Enacy Mapakame Mining and earth moving equipment, Zimplow Holdings Limited has pivoted back to a fully-fledged mining and infrastructure equipment solutions company, securing new distributorship for...
View ArticleJoy as ZiG hits the streets
Farai Dauramanzi Herald Reporter Zimbabweans have expressed joy after withdrawing ZiG notes and coins from the banks for the first time, saying that the money will bring relief to the transacting...
View ArticleMedical aid industry embraces ZiG
Trust Freddy Herald Correspondent Medical aid societies under the banner of the Association of Healthcare Funders of Zimbabwe (AHFoZ) are optimistic that the newly introduced ZiG will bring about price...
View ArticleMusk’s fortune soars by US$37,3 billion
In the past five days, the world’s third-richest person has gained US$37,3 billion in net worth, according to the Bloomberg Billionaires Index. That’s his largest weekly gain since March 2022, just...
View ArticleCoca-Cola readies for R149bn Africa bottling IPO
Coca-Cola Co is gearing up for a potential initial public offering of its African bottling business as soon as next year after previously putting the plans on hold, people with knowledge of the matter...
View ArticleGold set to gain for third straight month
Gold was on track for a third straight month of gains due to strong central bank and haven demand, as the focus turned to this week’s Federal Reserve rate-decision meeting at which policymakers are...
View ArticleCaledonia projects better performance
Enacy Mapakame Analysts have projected improved 2024 performance for the Victoria Falls Stock Exchange (VFEX) listed firm — Caledonia Mining Plc, as the resources group addresses some of the setbacks...
View ArticleZim imports 410 667t maize in Q1
Tapiwanashe Mangwiro-Senior Business Reporter Zimbabwe imported 410 667 tonnes of maize worth US$128 million in the first three months of this year to cover a deficit occasioned by the El Nino weather...
View Article‘Monetary policy restores market stability, certainty’
Africa Moyo-Deputy News Editor The market has been generally stable since the announcement of the 2024 Monetary Policy Statement by the Reserve Bank of Zimbabwe Governor Dr John Mushayavanhu, which...
View ArticleChina making huge input to fight against climate change: German executive
China is making a huge contribution to the fight against climate change by drastically reducing the cost of green energies, a top German executive has said in an exclusive interview with Xinhua. Via...
View ArticleHigh-tech alliance a ‘flagship’ of Sino-French relation: Airbus China CFO
Cooperation between China and Airbus serves as a “flagship” of the Sino-French relationship, said the chief financial officer (CFO) of Airbus China. “China and Airbus have found good common ground...
View ArticleDo not count SA’s economy out just yet: StanChart
The country’s GDP growth has averaged 0,3 pc since 2019. Investors should not dismiss South Africa over its other continental peers as it has strong institutions that can buttress its economy if it...
View ArticleMetbank seeks external funds to support clients
Tapiwanashe Mangwiro Senior Business Reporter Local financial institution, Metbank, has said it is seeking funds from external partners to support its clients through long-term capital financing. Dr...
View Article