Naira firms as Nigeria sells USD amid liquidity concern
The naira traded near its strongest level in over a month as Nigeria’s central bank stepped into the foreign exchange market to sell dollars. The naira rose 9,7 percent on Monday to trade at 1 339,33...
View ArticleBotswana approves licence for billionaire Elon Musk’s Starlink
Botswana has authorised the granting of an operating licence to SpaceX’s Starlink unit, becoming the latest African country to permit the internet services company to operate in it. Starlink services...
View ArticleZambia sees IMF review sealed with funding boost
Zambia expects to conclude its third programme review with the International Monetary Fund next month, as the copper-rich nation finalises US$500 million of international assistance to deal with the...
View ArticleAnglo won’t extend BHP deadline, threatening end to takeover bid
Anglo American Plc said it won’t give BHP Group any further time to commit to a takeover offer, signalling the likely end for now to a US$49 billion pursuit by the world’s biggest mining company. The...
View ArticleLocal firm ABWA undergoes rescue process
Business Reporter Diversified Zimbabwean investment company ABWA Holdings, which has interests in farming, healthcare, and property sectors, has been placed under a voluntary corporate rescue, a local...
View ArticleGeneral power, duties of a liquidator
Godknows Hofisi Liquidation, in the case of a company, is the process of winding up that business. In this article I look at the general duties and powers of liquidators based on Section 49 of the...
View ArticleZimbabwe, DRC trade to expand
Michael Tome–Business Reporter THERE is significant scope to expand trade between Zimbabwe and the Democratic Republic of Congo (DRC), including huge opportunities for Zimbabwean exporters to supply...
View ArticleImportance of record-keeping in goats, sheep farming
Sheuneni Kurasha-Farmer’s Diary In animal husbandry, particularly in goat and sheep farming, meticulous record-keeping is an essential aspect for success and sustainability, much like in any other...
View ArticleAuditors flag material uncertainty over RioZim
Business Reporter An independent auditor’s report has issued a material uncertainty opinion over going concern status of the diversified miner RioZim, saying the firm’s accounts show that liabilities...
View ArticleDinson completes Manhize power line
Oliver Kazunga-Senior Business Reporter DINSON Iron and Steel Company has completed constructing its 88 kilovolts transmission line from Sherwood substation in Kwekwe to Manhize to allow the firm,...
View ArticleInvestors praise BHP’s discipline after bid for Anglo fails
Unable to press his target to the negotiating table, BHP Group boss Mike Henry on Wednesday walked away from a bold bid to buy smaller rival Anglo American Plc, cheering investors eager for proof the...
View ArticleTobacco conference to tackle key industry issues
Martin Kadzere LEADING mass media company, Zimbabwe Newspapers (Zimpapers) Group, business publication Business Weekly will next week join forces with the Tobacco Industry and Marketing Board (TIMB) to...
View ArticleFML full-year profit surges 285pc
Enacy Mapakame Listed diversified insurance firm First Mutual Holdings Limited’s (FMHL) consolidated profit for the year to December 31, 2023 surged by 285 percent to $348,3 billion compared to the...
View ArticleGhana grants license for lithium exploration
Lithium exploration is set to kick off in the West African country of Ghana. The license for the exploration has been granted to the Australia-based lithium-focused exploration and development company,...
View ArticleR80bn, 10yrs needed to fix Transnet’s rail network
It may cost R80 billion and take 10 years to fix Transnet’s core rail network, comprising about 5 000km out of SA’s total rail network of 21 000km. That excludes the bulk export lines and any shorter...
View ArticleEast Africa rebounds, leads growth in Africa
East Africa will bounce back to be the continent’s fastest growing region this year and next, according to the African Development Bank’s projections. The average real growth in gross domestic product...
View ArticlePGMs earn Zim US$2,1bn in 2023
Oliver Kazunga-Senior Business Reporter THE Platinum Group Metals (PGMs) industry remains a significant contributor to Zimbabwe’s economy after generating US$2,1 billion from exporting the precious...
View ArticleExxonMobil downsizes Nigerian operations
The oil giant is vacating its expansive offices in Lagos, as the 33-year-old lease expires on Friday, according to three company insiders who spoke to Reuters. This move is part of Exxon’s broader...
View ArticleWorld Bank approves US$1,2bn Kenya credit
The World Bank approved US$1,2 billion in funding for Kenya to support the East African nation’s economic growth amid external shocks. The development policy-operation loan, or DPO, will boost...
View ArticleCrypto ‘re-staking’ platforms boom as traders chase bigger returns
More than US$18 billion worth of cryptocurrency has moved into a new type of platform that offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses...
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