CBZ Bank secures US$20m from TDB
Nelson Gahadza-Senior Business Reporter CBZ Bank has received a US$20 million revolving line of credit from the Eastern and Southern African Trade and Development Bank Group (TDB Group) to support...
View ArticleConstitution of an association
The registration of associations to promote the common interests of certain groups of people or organisations is common. In this article, I look at the constitution of an association as it is a key...
View ArticleTourism sector jobs rise above pre-Covid-19 levels
Leonard Ncube-Bulawayo Bureau THE country’s tourism industry is poised for a major turnaround amid positive growth in arrivals and bookings, which has seen the sector’s employment levels rising above...
View ArticleZesa starts Hwange 1-6 refurb to boost capacity
Business Reporter State power utility Zesa Holdings has started the refurbishment of six units at the Hwange Power Station to raise electricity production to about 840 megawatts. Zesa executive...
View ArticleClimate change poses threat to coffee farming
Bulawayo Bureau ADVERSE climate change conditions are posing a threat to local coffee production with projections estimating a decrease of between 300-350 tonnes this year, a significant drop from the...
View ArticlePremium brands take up space at ZAS’ Harare Mall
Tapiwanashe Mangwiro-Senior Business Reporter Several leading premium brands and retail entities have committed to take up space at the US$20 million Greenfields Mall under construction at the...
View ArticlePfuma Fund to list REIT on VFEX
Business Reporter PROPERTY investment fund, Pfuma, is seeking to list its Real Estate Investment Trust (REIT) on the Victoria Falls Stock Exchange (VFEX) during this quarter to secure funding for its...
View ArticleHandling pulpy kidney disease in goats, sheep
Sheuneni Kurasha-Farmer’s Diary At dawn, mist clung to John Moyo’s farm in the heart of Matabeleland South. As the sun began to rise, John made his way to the sheep paddock, accompanied by his loyal...
View ArticleZim products shine at Maputo trade fair
Business Correspondent Zimbabwean products have become a prime attraction for buyers at the Maputo International Trade Fair (FACIM), underway in Mozambique. The event, which runs from August 26 to...
View ArticleSA introduces competition in electricity market
South Africa endured an electricity crisis from 2008 characterised by intermittent rolling blackouts and a growing culture of non-payment. The state-owned utility, Eskom, came to be regarded as the...
View ArticlePick n Pay’s franchise horror show
Pick n Pay has revealed the extent of the struggles in its franchise supermarket business, with sales down by 0.8 percent in the 21 weeks ending 21 July. It describes this performance as...
View ArticleBuffett’s Berkshire tops $1trn in market value
Berkshire Hathaway became the first US company outside of the tech sector to surpass US$1 trillion in market value. Shares of Warren Buffett’s conglomerate rose 0.9 percent on Wednesday to push its...
View ArticleSA set for two-pot economic stimulus
South Africa’s largely consumer-driven economy is likely to get a financial stimulus from two-pot withdrawals, as the new pension system takes effect from September. However, it all depends on how much...
View ArticleSage launches cloud accounting solution in Zim
Business Reporter Sage, a global leader in accounting and business management software, has launched its cloud accounting solution in Zimbabwe, offering local businesses real-time financial insights,...
View ArticleLivestock producers target exports
Oliver Kazunga-Senior Business Reporter The Livestock and Meat Advisory Council (LMAC) is actively engaged in discussions with Government to mobilise funding to bolster the growth and development of...
View Article‘Pension funds key to mortgage market revival’
Nelson Gahadza-Seniour Business Reporter Bankers Association of Zimbabwe (BAZ) president Mr Lawrence Nyazema said in an interview pension funds, as custodians of long-term retirement savings, could...
View ArticleCCZ commends Mid-term Monetary Policy Review Policy Statement
Ivan Zhakata Herald Correspondent Consumer Council of Zimbabwe (CCZ) has praised the Reserve Bank of Zimbabwe’s (RBZ) 2024 Mid-term Monetary Review Policy Statement for its efforts to stabilise the...
View ArticleZiG acceptance rate reaches 91pc — RBZ
Business Reporter Zimbabwe’s local currency, ZiG, has gained significant public confidence, with a survey indicating a 91 percent acceptance rate, up from 61 percent at its launch in April this year,...
View ArticlePick n Pay IPO could raise US$450m
Grocery retailer Pick n Pay said on Thursday that proceeds from listing its discount grocery chain Boxer could total 8 billion rand (US$450 million), according to its preliminary estimate. Chief...
View ArticleChina promises greater market openness
China is set to remove more entry barriers in emerging industries by leveraging special policy tools to facilitate the application of new technologies, the country’s top economic planner said Friday....
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