Anglo ditching De Beers a hard blow for troubled diamond market
The announcement that Anglo will sell or spin off De Beers is a big worry for the 80 or so hand-picked buyers who are known as sightholders and form the crucial link between African mines and jewellery...
View ArticleContact Centre Association rebrands to improve services
Michael Tome Business Reporter THE Contact Centre Association of Zimbabwe (CCAZ) yesterday rebranded to Customer Experience Association of Zimbabwe (CXAZ) as it seeks to align more with the mandate of...
View ArticleChallenging the validity of a will
Godknows Hofisi Introduction In the administration of deceased estates, there can be disputes over the validity of wills. In this article I look at the requirements for a valid will and how wills can...
View ArticleZim may be losing up to US$250m to low-calving
Martin Kadzere Zimbabwe may be losing up to half a million calves annually, translating to a potential economic loss of between US$100 million and US$250 million due to low calving rates, according to...
View ArticlePadenga sees strong jump in gold output
Nelson Gahadza Business Reporter Padenga Holdings Limited says investments in its gold mining units Eureka and Pickstone Peerless drove strong gold production in the quarter to March 31, 2024, as well...
View ArticleGlimmer of hope for platinum miners
Enacy Mapakame Local platinum producers are expected to cash in on projected firm global demand after the 2024 full-year deficit was revised upwards due to limited supply. This comes after some of...
View Article‘No going back on forex blitz’
Herald Reporter There is no going back in ensuring that businesses and individuals that are illegally dealing in foreign currency and charging prices above the official exchange rate comply with the...
View ArticleNigeria revokes 924 dormant mining titles
Nigeria has revoked 924 dormant mining titles immediately and invites investors to freely apply for the affected licences which will be offered on a “first come, first served” basis, its minister of...
View ArticleWB suspends US$150m Tanzania tourism fund
The World Bank has suspended new disbursements from a US$150 million fund to expand a national park in Southern Tanzania, a spokesperson said on Wednesday, after the lender received allegations of...
View ArticleDelta’s full-year profit jumps 59,2pc
Delta Corporation’s profit surged by 59,2 percent to US$100,5 million in the full year to March 31, 2024 from US$63 million in the comparative period the prior year after revenue jumped by 43 percent...
View ArticleKenya third best in Africa for immigrants targeting top pay
NAIROBI. – Kenya is the third most preferred African country by immigrants seeking high income, according to a new report that showcases what draws foreign investors.
View ArticleZambia, DRC ink deal to enhance cross-border trade
The Democratic Republic of Congo (DRC) and Zambia yesterday signed a cooperation agreement to facilitate cross-border trade under regional bloc Southern African Development Community (SADC).
View ArticleJapan’s shrinking economy hints at stagflationary risk
TOKYO. – Japan’s lack of growth over the last three quarters points to the risk of a sputtering economy transitioning toward a mild bout of stagflation instead of the positive growth cycle long sought...
View ArticleTraders confident US will start cutting rates, as inflation cools
NEW YORK. – Traders appear increasingly confident that the US Federal Reserve could start cutting interest rates as early as September, after inflation data cooled more than expected in April.
View ArticleMashHold Pomona project at halfway stage
Listed property firm, Mashonaland Holdings (MashHold) has reached the half way stage in the development of its mega project, the Pomona Wholesale Centre, ahead of targeted completion during the fourth...
View ArticleNMB sits on US$57m lines of credit for exporters
NMB Holdings is sitting on US$57 million lines of credit while it is negotiating for an additional US$25 million with two different funders, with the funds largely focused on supporting exporters.
View ArticleNorth Africa defies trends that affected rest of world
Private infrastructure investment continues to be a cornerstone of global development initiatives, boosting economic growth, strengthening connectivity, and raising living standards. As countries face...
View ArticleUptick in Egypt’s economy tempered by caution
Egypt appears on track to break with past practice and let its currency float in line with IMF-backed reforms, but structural changes that could pull the country out of a cycle of bailouts look less...
View ArticleChina a critical global supplier, decoupling is impossible, survey shows
China remains a “critical supplier” to the world and efforts for a full decoupling remain “difficult, if not impossible,” a trade report by Allianz Trade said. Despite talk of decoupling and derisking...
View ArticleSimbisa opens 62 new stores over nine months
Enacy Mapakame Quick Service Restaurant (QSR) group, Simbisa Brands continues to consolidate its position In the Zimbabwean market following the addition of 25 outlets during the third quarter (Q3) to...
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