Uganda sues landowners standing in way pipeline
Uganda’s government is in a legal tussle with 112 landowners who are set to be displaced by the East African Crude Oil Pipeline (Eacop) as low-value payment, absentee landlords and a complex...
View ArticleCopper mines look to unlikely power provider
Zambia’s largest mines are turning to an unexpected power source amid the country’s worst energy crisis: South Africa’s Eskom Holdings SOC Ltd. Zambia relies on hydropower for around 85 percent of its...
View ArticleWhy there is rating agency bias against Africa countries
Rating agency Fitch recently warned that the rapid spread of the mpox virus in sub-Saharan Africa could add to the fiscal pressures many countries in the region are already experiencing. The Africa...
View ArticlePrepaid power can secure supply to small miners: ZMF
Oliver Kazunga Senior Business Reporter THE Zimbabwe Miners Federation (ZMF) has urged its members to migrate to the prepaid smart metering electricity billing system to avoid worsening the power...
View ArticleZim drives Old Mutual Group half-year profits
Business Reporter Old Mutual Limited says higher shareholder portfolio profits from the group’s Zimbabwean business were the main contributor to the group’s higher level of growth in headline earnings...
View ArticleKenya begins national debt audit: Minister
Kenya’s auditor general has started to examine the country’s debt to ascertain the amounts owed to various creditors, Finance Minister John Mbadi told Reuters yesterday. The East African nation’s debt...
View ArticleSouth African rand gains, interest rates in focus
The South African rand gained in early trade yesterday, as markets geared up for a week packed with interest rate announcements and a local inflation print. At 0720 GMT, the rand traded at 17,66...
View ArticleGold miners urged to exploit strong global prices
Oliver Kazunga Senior Business Reporter MINES and Mining Development Minister Winston Chitando has challenged gold miners to increase production by leveraging bullion’s favourable prices on the...
View ArticleFed stimulus: Worldwide consequences
The world economy’s tectonic plates will shift this week when a US easing cycle begins, just as officials from Europe to Asia set policy against a backdrop of brittle markets. A 36-hour monetary roller...
View Article‘More incentives needed for climate change fight’
Tapiwanashe Mangwiro Zimbabwe needs to come up with more enticing strategic investment incentives to accelerate its climate-proofing initiatives after suffering one of the worst climate-related...
View Article200 benefit from women’s roundtable
Oliver Kazunga Senior Business Reporter Nearly 200 female executives and entrepreneurs from diverse sectors attended a transformative financial inclusion meeting designed to foster dialogue around the...
View ArticleDay temperatures to decrease
Precious Manomano Herald Reporter Matabeleland South, Masvingo, Manicaland, and southern parts of Midlands will experience a decrease in daytime temperatures from Friday this week to Monday next week,...
View ArticleE-invoicing: Answer to VAT refund fraud in SA
South Africa is doing some catching up and plans to introduce an electronic value-added tax (Vat) reporting and invoicing system. Countries in Asia Pacific and Europe are already at an advanced stage...
View ArticleMicrosoft announces US$60bn buyback
Microsoft unveiled a new US$60 billion stock-buyback programme, matching its largest-ever repurchase authorisation, and raised its quarterly dividend 10 percent. The software company said shareholders...
View ArticleZSE forges ahead with self-listing plans
Tapiwanashe Mangwiro Senior Business Reporter The Zimbabwe Stock Exchange Holdings Limited (ZSE Holdings), a newly incorporated entity, is set to make a buy-out offer to shareholders of the Zimbabwe...
View ArticleMarkets hinge on Greenspan’s soft landing
Traders are harking back on 1995, when Alan Greenspan led the Federal Reserve in pulling off a rare soft landing, for a playbook on trading the first interest-rate cut in four years.Like nearly three...
View ArticleSA consumer confidence improves to five year high
South African consumer confidence surged in the third quarter to pre-pandemic levels, driven by increased optimism about personal finances which bodes well for household spending. A quarterly index...
View ArticleZim prospects bright at Malaysia halal expo
By Kudzanai Sharara in Kuala Lumpur, Malaysia Zimbabwe’s Ambassador to Malaysia, Mrs Constance Chemwayi, is optimistic about the country’s prospects at the ongoing Malaysia International Halal Showcase...
View ArticleInformal economy costs Zim US$1,15bn: Study
Nqobile Bhebhe recently in Victoria Falls THE informalisation of the economy cost Zimbabwe at least US$1,15 billion in potential fiscal revenue between 2020 and 2023, a research paper has shown. This...
View ArticlePMorgan CEO to visit Kenya in four-nation tour
PMorgan Chase CEO Jamie Dimon plans to travel to Africa in mid-October in a push by the biggest US lender to expand on the continent, four sources familiar with the matter told Reuters, his first trip...
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