IMF welcomes SA’s gains in inflation fight
The International Monetary Fund welcomed the South African central bank’s efforts to rein in consumer price growth, a spokeswoman for the Washington-based lender said Thursday. Headline inflation...
View ArticleTourism registers huge upturn in visitors
Zimbabwe's tourism sector is experiencing a remarkable resurgence, as evidenced by the significant increase in international arrivals who visited the country during the first quarter of this year.
View ArticleAriston’s mitigatory measures pay off as tea production surges to 1 830 tonnes
Business reporter Listed agriculture concern Ariston Holdings Limited tea production for the half year to March 31, 2024 surged by 14 percent to 1 830 tonnes compared to 1 599 tonnes recorded during...
View ArticleChina pledges more support for Zimbabwe
Oliver Kazunga Senior Business Reporter CHINA will continue to add new dimensions to its comprehensive strategic partnership and cooperation with Zimbabwe to assist the latter achieve its targets under...
View ArticleGold gets harder to find
The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, according to the World Gold Council (WGC).
View ArticleAfrica in debt crisis as donors resort to lending
Africa’s debt grew from an average of 30 percent as a ratio of gross domestic product (GDP) in 2010, to over 60 percent currently, while most developed countries have a debt-to-GDP ratio of less than...
View ArticleAirlines book exchange losses
Airlines booked significant losses in currency depreciation, despite Nigeria and Egypt wiping the slate clean by paying off the bulk of the money they owed airlines in blocked funds.
View ArticleAfrica to supply minerals to South Korea
African leaders gathering in Seoul on Tuesday agreed to ensure an organised, stable supply of minerals to South Korea, enabling the Asian country new entry to critical raw material for energy transition.
View ArticleWestProp sees resilient performance in Q1 2024
Listed property firm WestProp Holdings Limited remained resilient during the first quarter of this year driven by improved sales, albeit in a challenging environment.
View ArticleFirm commends ZiG effect on stability, inflation
Zimbabwe Stock Exchange (ZSE) listed firm BridgeFort Capital Limited has commended authorities for the resolute stance in controlling money supply growth and eliminating quasi-fiscal activities saying...
View ArticleEconomy creates 200 000 new jobs in first quarter
Zimbabwe’s economy created an additional 2 00 000 new jobs in the first three months of this year, raising hope the economy may perform better than expected despite headwinds that include drought and...
View ArticleRussia, partners to build platform minus the US$
A group of major emerging countries is working on a way around the dollar — but they face an uphill battle to diminish the greenback’s dominance.
View ArticleTanzania to receive investors from Japan
The Tanzania Investment Centre (TIC) and the Tanzanian Embassy in Tokyo launched a campaign that has proven to be effective in the preferred economic opportunities.
View ArticleIMF reaches staff level agreement with Kenya
Kenya has reached a staff level agreement with the International Monetary Fund yesterday, the organisation said, paving the way for the disbursement of about US$976 million.
View ArticleExplaining quarterly payment dates
In Zimbabwe, people and companies who earn income (excluding employee income) need to pay taxes in advance on a quarterly basis.
View ArticleBravura’s mining projects gather momentum
Nelson Gahadza-Senior Business Reporter BRAVURA Mining Consortium’s operations in Zimbabwe have gathered momentum through the acquisition of platinum mining machinery and the manufacture of the dense...
View ArticleZim seeks investment banks to drive growth
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube has issued a clarion call to investors, urging them to establish an investment bank the country needs to support...
View ArticleEx-NetOne CEO Muchenje acquitted
Former NetOne chief executive officer (CEO) Mr Lazarus Muchenje and seven executives have been acquitted after the Supreme Court found them not guilty on charges of abuse of office.
View ArticleMarandure appointed IMC managing director
IMC Communications, the exclusive distributor of Starlink Services in Zimbabwe, has with immediate effect appointed information technology expert and former ZOL executive, Mr Denny Marandure, as its...
View ArticleGhana, creditor panel agree on debt restructuring
Ghana has finalised a pact with its official creditor committee to formalise a debt restructuring deal agreed in January, smoothing the path towards a release of further funding from the International...
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