Zim economy stabilising after ZiG introduction
Ivan Zhakata Herald Correspondent The Zimbabwean economy has demonstrated relative stability in recent months following the presentation of the Monetary Policy statement by the Reserve Bank Governor on...
View ArticleSA, Nigeria to lose 900 millionaires to migration
South Africa and Nigeria have been projected to lose 900 millionaires to another country in 2024, according to a report on migration by Henley & Partners. According to the report, about 128 000 of...
View ArticleThree-way race for world’s richest emerges
The world’s three richest billionaires are in a fierce race for first place. Elon Musk, Jeff Bezos and Bernard Arnault have occupied the top three spots on the Bloomberg Billionaires Index for 94...
View ArticleSpecial pleas in legal proceedings
Godknows Hofisi Special pleas are raised as roadblocks in legal proceedings so that cases are not heard or decided on the merits. In this article, I give some insights into the special pleas....
View ArticleChinese investor buys 51pc stake in coal mine
Oliver Kazunga Senior Business Reporter CONTANGO Holdings has entered an agreement to sell 51 percent of its shareholding in Muchesu Coal Mine in Binga to a Chinese investor while the United Kingdom...
View ArticleJSE hits an all-time high
The JSE broke through the key 81 000 points mark, hitting a record high on inauguration day yesterday — a jump of around another 2 percent.
View ArticleNational Foods champs sustainability in Vic Falls
Business Reporter National Foods continues to demonstrate its commitment to corporate social responsibility by expanding its “impactful” programmes across the country. In Matabeleland North Province,...
View ArticleLocalising tobacco funding key to optimise returns
Business Reporter Exploring local funding models is key to Zimbabwe unlocking the full potential of the tobacco industry, Lands, Agriculture, Fisheries, Water and Rural Development Permanent Secretary...
View ArticleIDBZ acquires more land for construction projects
Martin Kadzere The Infrastructure and Development Bank of Zimbabwe (IDBZ) has acquired significant pieces of land in the southern parts of Zimbabwe for the development of commercial and residential...
View ArticleAsian, Turkish firms take over in Nigeria
Despite the potential to offer a vast market for consumer goods due to population strength, major economic problems including, surging inflation, depreciating currency, rampant insecurity and...
View Article‘Zimpapers’ digital-first strategy to drive growth’
Nelson Gahadza Senior Business Reporter Zimbabwe’s largest integrated media house, Zimbabwe Newspapers, says it has made significant progress in implementing its digital-first strategy and leveraging...
View ArticleKenya faces US$1,6 billion funding gap
Kenya’s National Treasury has warned that putting contentious tax measures on hold could create a 200 billion shilling (US$1,6 billion) funding gap for a country that recently sought financial...
View ArticleSA targets resuming global rhino horn trade
South Africa, where 79 percent of the world’s rhinos live, said it aims to come up with a plan by the end of 2030 to dismantle an almost half-century ban on trading the endangered animals’ horns. The...
View ArticleUganda banks on tax exemption to drive electric vehicle sales
The slow uptake of fully electric vehicles in Uganda has prompted authorities to exempt manufacturers from paying duties to drive sales, attract investment, and potentially decarbonise. While...
View ArticleGhana in 2nd round of debt restructuring talks
A group of international bondholders and Ghana began formal talks this week aimed at reaching an agreement to restructure $13 billion of Eurobonds, according to people familiar with the matter. The...
View ArticlePremier completes US$75m Zulu lithium plant
Oliver Kazunga-Senior Business Reporter Premier African Minerals has completed the development of its Zulu lithium project near Bulawayo for US$75 million, further elevating the country’s position as a...
View ArticleAfrican Sun seeks better return after refurbishment
Enacy Mapakame Listed hospitality group African Sun Limited wants to leverage its hotels and facilities refurbishment programme, which is expected to enhance ambience and guest experience, at a time...
View Article150 firms set for Sadc Industrialisation Week
Michael Tome–Business Reporter GOVERNMENT expects about 300 guests and 150 companies to participate in deliberations during the SADC Industrialisation Week (SIW), which will take place ahead of the...
View ArticleNigeria’s petrol prices surge by 223pc
Energy prices recorded an increase of 223 percent one year into Nigeria’s current administration. A report by the National Bureau of Statistics in the Punch newspaper revealed that since the current...
View ArticleTycoons ready to cede Pick n Pay voting power to lure new investors
Ackerman Investment Holdings, the family’s holding company, will reduce its voting control to below 50 percent after a planned rights offer is completed. The move helps “change perception outside the...
View Article