Treasury clarifies loan to sovereign fund
Martin Kadzere Zimbabwe has dismissed concerns surrounding the US$1,9 billion loan issued to Mutapa Investment Fund, the country’s sovereign wealth fund, saying the loan was a standard practice for...
View ArticleAfDB launches country focus reports for Africa
Oliver Kazunga-Senior Business Reporter THE African Development Bank (AfDB) has launched Country Focus Reports (CFRs) that seek to deepen policy dialogue on the macroeconomic performance and outlook of...
View ArticleMutapa seeks reboot capital in India
Mukudzei Chingwere in NEW DELHI, India State-owned Mutapa Investment Fund (MIF) has taken its revitalisation quest to India where several of its units are seeking to unlock investment purses running...
View ArticleCentral bankers diverge on rates path
Central bankers gathering this week for one of the world’s most prominent annual economic forums are set to find themselves more divided than perhaps any time since before the pandemic. For years,...
View ArticleUSD most counterfeited banknote
The US dollar has been reported as the most counterfeited banknote in the world. YahooFinance, a US news publication, noted the absence of concrete data on the number of counterfeited US dollars as the...
View ArticleChina key partner of Africa’s development
ISTANBUL. — China has become a key partner of Africa’s development through significant trade relations, foreign direct investments, and various forms of cooperation, all marked by respectful...
View ArticleBe realistic about extent of SA rate cuts, warn analysts
With consumer price inflation for July dropping to a three-year low, the case for an interest rate cut in September is now cemented, say analysts. The cooling off of inflation from 5,1 percent in June...
View ArticleZERA crafts framework for rural fuel retail sites
Tapiwanashe Mangwiro, Senior Business Reporter THE Zimbabwe Energy Regulatory Authority (ZERA) has developed guidelines for the establishment of containerised rural fuel service stations to improve...
View ArticleDandemutande, partners US company
INTERNET service provider, Dandemutande, has entered into a strategic partnership with leading technology firm Oracle Cloud Infrastructure (OCI) that will see the US entity providing its comprehensive...
View ArticleInvictus seeks nod to finalise capital raise
Oliver Kazunga, Senior Business Reporter AUSTRALIAN firm, Invictus Energy will seek shareholder approval to ratify the second tranche of the US$10 million placement required for the development of the...
View Article16 Zim firms exhibit at Maputo trade fair
Business Correspondent Sixteen Zimbabwean businesses are exhibiting at the largest exhibition in Mozambique, which opens today in Maputo. The Maputo International Trade Fair (FACIM), which is running...
View ArticleGold bulls celebrate as Jackson Hole reinforces bets on rally
Gold’s record-setting rally above US$2 500 an ounce looks to have further to run as the Federal Reserve prepares to chop rates, traditional drivers such as lower yields return, and Western investors...
View ArticleChina joins efforts to revive Zim agriculture
Business Reporter China has joined forces with the Zimbabwean Government to revitalise the country’s agricultural sector and enhance food security, focusing on capacity building, innovation and...
View ArticleTime Bank proposes US$35bn loan to Govt
Golden Sibanda TIME Bank of Zimbabwe (Time Bank) has proposed to offer a syndicated loan of US$35 billion to the Government for purposes of paying compensation to 10 key groups of people, among them...
View ArticleWall Street sours on oil as Goldman Sachs flags risks from OPEC+ boost
Wall Street is beginning to sour on the outlook for crude next year, with Goldman Sachs Group and Morgan Stanley lowering price forecasts as global supplies increase, including potentially from OPEC+....
View ArticleOil, gas will remain dominant sources of energy
Exxon said in an outlook published this month that global oil demand will remain above 100 million barrels a day through 2050, even as the share of renewable powers grows. Broken down by source, it...
View ArticleSA mulls tightening mortgages disclosure laws
South Africa intends to compel banks to disclose more information about their mortgage-lending practices to boost access to home loans among previously disadvantaged citizens, Human Settlements...
View ArticleTanzania, Zambia determine cost of pipeline
Tanzania and Zambia are to determine the cost of upgrading a joint pipeline to transport 5 million tonnes of crude annually. The pipeline which was built in 1968 is now unable to meet the demands of...
View ArticleTelOne makes strides in 4G LTE deployment
Business Reporter STATE-owned fixed telecommunications company, TelOne, is making strides in its (Fourth Generation) 4G LTE network expansion, with plans to have a nationwide network by the end of...
View ArticleInflation remains within RBZ target
Tapiwanashe Mangwiro-Senior Business Reporter Zimbabwe’s monthly inflation rate remained within the targeted range set by the Reserve Bank of Zimbabwe (RBZ) despite the marginal gain recorded this...
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