Moody’s downgrades Kenya’s credit rating
Kenya’s credit rating was recently downgraded by the data intelligence firm, Moody’s. This slash is a result of the recent Kenyan protest that coerced its Government into halting its plans to raise...
View ArticleOil steady as traders assess storm impact
Oil steadied with the worst of storm Beryl over in the US for the crude hub in and around Houston, with traders looking ahead to Federal Reserve Chair Jerome Powell’s two-day testimony on monetary policy.
View ArticleNairobi slaps fee on Uganda fuel imports
Kenya has thrown a fresh hurdle on Uganda’s direct fuel import scheme, doubling the bond fee for imported consignments destined for Kampala to US$45 million.
View ArticleStart of new era of transport, logistics and mobility in SA?
Newly-appointed South Afican Minister of Transport Barbara Creecy has stressed that an efficient and functioning transport sector is the key to a successful economy and that the new administration aims...
View ArticleNRZ targets SA rail conference to get project back on track
THE National Railways of Zimbabwe (NRZ) says it will capitalise on the Southern African Railways Association (SARA) rail conference in South Africa next month to raise part of its estimated US$533...
View ArticleNSSA keeps focus on sustainable investments
THE National Social Security Authority (NSSA) is forging ahead with investment projects meant to secure the sustainability of its benefit schemes and foster economic development in line with targets...
View ArticleGovt to address tourism sector pricing disparities
THE Government is concerned about the high prices charged by operators in the tourism industry, which have made the industry less competitive.
View ArticleFastjet increases domestic flights
FASTJET Zimbabwe has increased the frequency of its Harare-Bulawayo and Victoria Falls flights in response to growing demand.
View ArticleNigeria to scrap duty on some food imports
Nigeria announced a series of measures to curb food inflation that’s rising at its fastest pace in three decades in a country where almost half of its more than 200 million people live in extreme poverty.
View ArticlePension revamp boosts SA retirements, Alexforbes says
South Africa’s plan to allow savers early access to part of their pension funds will enable significantly better outcomes for retirees than what the current system does, Alexander Forbes Group Holdings...
View ArticleUsing experts in disputes over valuation of businesses, shares
Disputes over the valuation of businesses or shares are common and will not go away for as long as the business is done and money is to be made.
View ArticleArcelorMittal SA long-steel unit to boost economy
ArcelorMittal South Africa’s decision to continue operating its long-steel unit has given the country an opportunity to re-energise local manufacturing, Manufacturing Circle executive director Philippa...
View ArticleTax breaks can lure FDI into tobacco value chain
Zimbabwe could attract significant investment in tobacco value addition by offering tax breaks and simplifying the export process, an industry expert has said.
View ArticleKenya to ink 19 deals with the Middle East
Kenya is reportedly on the verge of closing 19 Memorandums of Understanding with several Middle Eastern countries.
View ArticleTough year dampens starafrica’s profitability
Sugar processor, starafricacorporation navigated a challenging economic landscape during the financial year 2024 (FY24), reporting depressed sugar volumes and operating profit despite a rise in total...
View ArticleUS lends US$99m to Moza’s first wind-powered project
DFC will also provide US$80 million in political risk insurance to Globeleq Africa, which is developing the 120-megawatt project near Namaacha in the south of the nation, the lender said in an emailed...
View Article‘ZiG stability recipe for wide acceptance’
THE widespread usage of the new Zimbabwe Gold (ZIG) and its continued stability has the potential to trigger a seamless acceptance of the currency regionally and globally, Reserve Bank of Zimbabwe...
View ArticleNew money transfer service enters market
FINANCIAL intermediary firm, Bard Santner Incorporated, yesterday launched TX Money Transfer, a money remittance service that facilitates the secure movement of funds across Zimbabwe.
View ArticleStanbic named winner for supporting small businesses in Zimbabwe
Business Writer Leading financial services institution, Stanbic Bank, has been named national winner for supporting micro, small to medium enterprises in Zimbabwe by the Zimbabwe National Chamber of...
View ArticleBlanket Mine gold output jumps 19pc
Caledonia Mining Corporation's Zimbabwe unit, Blanket Mine, gold production rose by 19 percent to 20 773 ounces in the second quarter to June 30, 2024 amid bullish bullion prices on global markets.
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