Major oil surplus seen this decade
Global oil markets face a “major” surplus this decade as the shift away from fossil fuels causes demand to hit a plateau amid plentiful supply growth, the International Energy Agency said.
View ArticleNigeria to continue economic reforms
Nigeria’s President Bola Tinubu said yesterday economic reforms would continue despite increasing hardships that have fuelled public anger, and promised to send an executive bill to parliament soon to...
View ArticleNigeria running out of tomatoes, risks higher inflation
Soaring tomato prices in Nigeria are creating a new headache for authorities, who are battling food inflation that’s at its highest in decades and has fanned protests and looting.
View ArticlePolicy measures needed to lure young people into farming
During the past week, we received a lot of feedback from young people expressing their desire to engage in commercial agriculture, including small livestock production, specifically goats and sheep.
View ArticleTop entrepreneurs set to headline Chamba seminar
TOP Entrepreneur Mudiwa Hood and life coach Advocate Arthur Marara will headline the next edition of the Venon Chamba Business Seminar slated for June 28, 2024.
View ArticleCause of action in legal proceedings
The term “cause of action” is widely used in legal proceedings and has a special or technical meaning. It is important to understand it due to its significance in such proceedings.
View ArticleAAG courts Chinese investors, Asian FDI
THE Affirmative Action Group (AAG) has embarked on a drive to promote foreign direct investment drive into Zimbabwe from Asian countries, starting with China where the local empowerment lobby recently...
View ArticlePowerspeed Electrical revenue jumps 24pc
Powerspeed Electrical’s revenue increased by 24,35 percent to US$58,2 million in the half-year to March 31, 2024 largely driven by product availability and range.
View ArticleMutapa Fund open to asset disposal, partnerships
The Mutapa Investment Fund (MIF), Zimbabwe’s sovereign wealth fund, is looking for investment into the group's expansive business portfolio, which cuts across many sectors of the economy, chief...
View ArticleSolar instalments slow in SA after load shedding eases
Repairs to South Africa’s coal-fired stations that have helped the state power utility avoid debilitating blackouts for three months straight is giving solar installers an unintended break.
View ArticleZim to drive PPC full year profitability
SOUTH African cement maker PPC Limited says the strong performance by its local unit, PPC Zimbabwe, will result in a 20 percent increase in earnings for the year to March 31, 2024.
View ArticleTanzania’s GDP to accelerate to 5,4pc
Tanzania’s economy is forecast to grow even faster this year than in 2023, Kitila Mkumbo, minister of state in the president’s Office for Planning and Investment, said yesterday. Mkumbo told parliament...
View ArticleInstitutions face probes in Nigeria over data breaches
According to the Nigeria Data Protection Commission, over 1000 financial institutions, schools, insurance companies, and consultancy firms are suspected of some form of data breach. The Commission...
View ArticleStandard Bank to help fund US$5bn African pipeline
Standard Bank Group said it is set to move forward with funding for TotalEnergies SE’s planned East Africa Crude Oil Pipeline project after completing a years-long review. The US$5 billion pipeline,...
View ArticleGhana, creditors agree debt rework, pave way for IMF cash
ACCRA- Ghana’s finance ministry said on Wednesday it has finalised a pact with the official creditor committee to formalise a debt restructuring deal agreed in January, smoothing the path to a new...
View Article‘ Zim will not relent on growing mining returns’
Oliver Kazunga Senior Business Reporter THE Government is forging ahead with policies to ensure the country derives maximum benefits from its mineral resources, Permanent Secretary in the Ministry of...
View ArticleAccounting giant Forvis Mazars starts Zim operations
Business Reporter Global accounting and advisory giant Forvis Mazars has officially launched its Zimbabwean operations, signalling confidence in the country’s economic prospects. Speaking during the...
View ArticleGovt scraps VAT on gold deliveries
Tapiwanashe Mangwiro-Senior Business Reporter Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube has scrapped the requirement for gold miners to pay 15 percent...
View ArticleTesla investors back Musk’s US$56bn pay deal
Tesla investors have voted for chief executive officer Elon Musk’s compensation package and moving the company’s state of incorporation to Texas, signaling confidence in his leadership despite slumping...
View ArticleDangote to venture into steel production
Aliko Dangote, founder of the Dangote Group and Africa’s richest man, has unveiled plans to establish an ambitious steel production company. He revealed this development while speaking at the...
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