Mine Entra exhibition postponed to avoid clash
Business Reporter THE 27th edition of the Mining, Engineering and Transport (Mine Entra) exhibition, initially slated for this month in Bulawayo, has been postponed to a later date. One of the...
View ArticleLocal firms decry Zim’s porous borders, imports
Michael Tome Business Reporter REPRESENTATIVES of firms operating in various value chains of Zimbabwe’s economy have decried the country’s porous borders and low prioritisation of local procurement by...
View ArticleUganda closer to becoming oil producer
As Uganda inches closer to becoming an oil-producing nation, activities related to the oil sector have begun to pick up steam. The taxation of oil and associated goods is one such activity. According...
View ArticleOK pins hopes on turnaround plan
Enacy Mapakame The country’s largest retail chain, OK Zimbabwe is confident that its 10-year turnaround strategy will bear fruit in the long run, as the company moves to insulate the business from...
View ArticleSeed Co forecasts rebound in demand
Nelson Gahadza Senior Business Reporter Seed Co anticipates a rebound in seed demand during the 2024/25 agriculture season largely driven by favourable rainfall forecasts as people need to refill their...
View ArticleUnjust enrichment at law
Godknows (GK) Hofisi Introduction In civil law, it is not unusual for a party (plaintiff) to make a claim or raise allegations of unjust or unjustified enrichment by or against the other party...
View ArticleBusinesses implored to be ethical
Herald Reporter Industry and Commerce Minister Mangaliso Ndlovu has implored businesses to operate ethically to ensure enhanced growth and survival. He said this in a speech read on his behalf by the...
View ArticleNigeria wins bid to host Energy Bank
Nigeria has successfully won the bid to host the headquarters of the newly established US$5 billion African Energy Bank (AEB) in Abuja. The Minister of State for Petroleum Resources (Oil), Heineken...
View ArticleOver US$170 bn wiped off markets
Cryptocurrencies plunged on Friday as investors focused on the payout of nearly US$9 billion to users of collapsed bitcoin exchange Mt. Gox. As of 10:50 a.m. London time, bitcoin’s price slumped nearly...
View ArticleEthiopia to get $10,5bn if talks succeed
Ethiopia will receive US$10,5 billion in support over the coming years if long-running negotiations with the International Monetary Fund and World Bank are successful, Prime Minister Abiy Ahmed said on...
View ArticleSeeds of positivity are brewing in post-election SA
Was the recent rally in South African stocks and bonds another round of Ramaphoria? Not necessarily, says Nolan Wapenaar, co-chief investment officer and head of fixed income at Anchor Capital....
View ArticleGovt to craft gemstone marketing framework
Business Reporter THE Government says it has started work to develop a robust framework for the marketing of gemstones in the country amid concerns the country may be losing millions of US dollars...
View ArticleGold exports to offset consumer spending slump
Business Reporter REVENUE from gold mining and remittances from the Zimbabwean diaspora will offset the potential reduced consumer spending from any adverse economic conditions, which may affect...
View ArticleUgandan sugarcane farmers bitter
As Ugandan consumers celebrate the lowest retail prices for sugar in five years, the industry is in a state of turmoil.
View ArticleDebt fund aims to bridge financing gap
Financial experts say private debt funds could solve Nigeria’s shortfall in financing for mid-sized and private equity-backed companies. Unlike private equity, which seeks ownership, private debt...
View ArticleMixed fortunes for mines in 2024
MINING, a key driver of Zimbabwe’s economy, faces a challenging outlook in 2024 following projected revenue declines due to depressed global commodity prices and persistent power cuts.
View ArticleFirm not free yet after Kenya project exit
Africa Oil Corp still has liabilities amounting to US$1,8 million for its operations in Kenya and another claim of an unspecified amount from the local community, a year after it exited the three oil...
View ArticleAAG steps up China investment campaign
LOCAL empowerment lobby, Affirmative Action Group (AAG), is intensifying its investment campaign in China, to attract investors into various key sectors of Zimbabwe’s economy.
View ArticleDinson pumps US$100m into Hwange coke projects
DINSON Colliery Company continues to expand its operations with the construction of more coking plants in Hwange on course as it stamps its authority as one of Africa’s biggest coke producers.
View ArticleCABS praised for supporting businesses
The Government says CABS, the banking arm of the Old Mutual Group in Zimbabwe, has over the years played a pivotal role in supporting businesses, creating jobs, and fostering innovations in the...
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