DP World plans to invest US$3bn in African ports
DP World plans to spend US$3 billion over the next three to five years on new port and logistics infrastructure in Africa to meet long-term growth that includes surging demand for critical mineral...
View ArticleKenya to scrap excise duty on eggs, onions from EAC
Kenya has proposed to remove excise duty on eggs, potatoes and onions from the East African Community (EAC) in measures that could promote intra-trade within the bloc.
View ArticleIDBZ to build more students accommodation
Business Reporter The Infrastructure Development Bank of Zimbabwe (IDBZ) will shift focus to other locations around the country after completing the construction of the Bulawayo Students Accommodation...
View Article‘Digital transformation becoming reality in Zim’
Oliver Kazunga Senior Business Reporter THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says the deployment of higher data capacity base stations by mobile network operators...
View ArticleCBZ secures US$80m loan from Afreximbank to support exporters
Business Reporter CBZ Bank has secured a US$80 million loan facility from the African Export-Import Bank to support trade financing for the country’s productive sectors of the economy as well as for...
View ArticleEthiopia to allow foreign banks to set up subsidiaries
Ethiopia has announced an economic liberalization move, allowing foreign banks to establish local subsidiaries and permitting foreigners to acquire shares in domestic lenders.
View ArticleNigeria’s inflation rises for the 17th straight month
Nigeria’s headline inflation increased for the 17th consecutive time to 33,95 percent in May 2024, up from 33,69 percent in April, according to the latest Consumer Price Index and Inflation report...
View ArticleMarkets cheer SA’s broad government alliance
South African stocks rallied and the rand gained, defying the global selloff in risk assets, as investors cheered an agreement between rival political parties to back the re-election of Mr Cyril...
View ArticleThe world’s flying again
The world is flying again. In the third quarter, 10,5 million flights are scheduled to crisscross the skies, according to industry data compiled by BloombergNEF. The International Air Transport...
View Article‘Victoria Falls Bridge safe, sound’
EMERGED Railways Properties (ERP), which owns and manages the Victoria Falls Bridge, says the infrastructure remains structurally safe and sound to facilitate trade and movement of people.
View ArticleCluff Africa to build lithium mine in Zim
Cluff Africa Limited has signed a non-binding agreement with Zimbabwe’s sovereign wealth fund to develop a lithium mine in the southern African country.
View ArticlePresident’s visit to South Korea opens new economic frontier. . . enquiries...
President Mnangagwa’s diplomatic charm during the just-ended South Korea-Africa Summit, including his address to the hugely subscribed business forum, is already paying dividends as it emerged several...
View ArticleEthiopia, Russia discuss bolstering ties at BRICS meeting
The BRICs group’s latest member, Ethiopia, seems to have begun leveraging the group to bolster economic ties with fellow members of the bloc. Ethiopia and Russia reaffirmed their commitment to...
View ArticleBotswana may fall short of 4,2pc growth target
Botswana’s economy may fall short of the government’s 4,2 percent growth target for this year, a senior central bank official said on Tuesday, citing global and domestic constraints. Finance minister...
View ArticleChina launches anti-dumping probe into EU products
China’s Ministry of Commerce (MOFCOM) on Monday announced that at the request of the Chinese domestic industry, it will launch an anti-dumping investigation into certain pork and pig by-products...
View ArticleGhana introduces largest floating solar PV system
Ghana has launched West Africa’s largest floating solar PV system to reduce its dependence on fossil fuels. The country is looking to tap into a sustainable energy source, which couldn’t have come at a...
View ArticleZNCC to discuss key issues at annual congress
Oliver Kazunga-Senior Business Reporter THE Zimbabwe National Chamber of Commerce (ZNCC) 2024 annual congress will be held in Victoria Falls next week with a host of deliberations expected to take...
View ArticleNetOne increases data market share in Q1
Michael Tome–Business Reporter State-owned telecommunications firm NetOne’s internet and data traffic market share increased by 8,8 percent to 24,71 percent in the first quarter to March 2024....
View ArticleEcoCash streamlines to drive future growth
Business Reporter Financial experts say EcoCash Holdings’ recently approved scheme of reconstruction, which will see its fintech businesses consolidate under Econet Wireless Zimbabwe Limited (Econet)...
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