Kenya in talks for US$1,5bn loan financing
Kenya is in talks for a US$1,5 billion loan from Abu Dhabi to help bridge the East African nation’s budget-financing gap, according to people with knowledge of the plans. The loan will carry an...
View ArticleSA’s US$6,3trn money-market just got first ETF
A new exchange-traded fund attempting to carve out a slice of the $6,3 trillion sitting in traditional money-market funds is launching Wednesday. The Texas Capital Government Money Market ETF begins...
View ArticleSA household wealth rises to highest level in a year
South Africa’s household wealth rose in the second quarter as an increase in the market value of their assets outstripped that of their liabilities — in part due to a strong stock market rally, the...
View ArticleZulu lithium mine set to resume operations
Oliver Kazunga-Senior Business Reporter LONDON-listed Premier African Minerals says operations at its Zulu Lithium project in Insiza, Matabeleland South Province, will resume later this month once...
View ArticleCZI urges dialogue to address rate issues
Nelson Gahadza and Francis Gakanje The Confederation of Zimbabwe (CZI) says there is a need for continuous engagement between the Government and private sector to find common ground in addressing...
View ArticleZimTrade, gears up for annual Zim Exporters Week
Business Reporter NATIONAL trade development and promotion agency, ZimTrade, is gearing up for its annual Zimbabwe Exporters Week, a premier event aimed at fostering export growth in the country....
View ArticleZimPharm looks for investment partners
Sikhulekelani Moyo-Bulawayo Bureau BULAWAYO-BASED pharmaceutical company, Zimbabwe Pharmaceuticals (ZimPharm), is scouting for potential investment partnerships to raise capital funding to expand...
View Article‘Mutapa units require improved governance’
Martin Kadzere Several entities under the Mutapa Investment Fund require improved corporate governance, including greater board member diversity and more transparent decision-making processes, chief...
View ArticleZiG rate adjustment to anchor currency stability
Business Reporter IN a strategic move aimed at stabilising the local currency and easing inflationary pressures, the Reserve Bank of Zimbabwe (RBZ) has adjusted the Zimbabwe Gold (ZiG) exchange rate...
View ArticleChina’s biggest stocks frenzy in years overwhelms exchange
Chinese equities capped their biggest weekly rally since 2008 with a burst of trading that overwhelmed the Shanghai stock exchange, underscoring a dramatic shift in investor sentiment after Xi...
View ArticleCapital market guide for visually impaired unveiled
Business Reporter THE Securities and Exchange Commission of Zimbabwe (SecZim) has launched a ground-breaking Braille language version of Investment 101, a capital market handbook sponsored by the...
View ArticleAfrica pursue world’s first joint ‘debt-for-nature’ swap
At least five African nations are collaborating on what could become the world’s first joint “debt-for-nature” swap, aiming to raise over US$2 billion to protect a coral-rich region of the Indian...
View ArticleSars loses appeal to install cameras in factories
The South African Revenue Service (Sars) has lost its appeal against an earlier ruling that prohibited it from installing CCTV cameras in tobacco factories to monitor production and curb tax leakage,...
View ArticleSA rand could break through R15 to US dollar
For the past week, the rand has been at a 20-month high against the dollar. The question is how much further it will strengthen – and how long the rally will last. Johann Els, group chief economist at...
View ArticleKey sectors prioritised in electricity allocation
Tapiwanashe Mangwiro Senior Business Reporter KEY productive sectors of the economy continue to receive priority in the allocation of the limited available electricity, after accounting for the largest...
View Article‘Collaboration critical to drive MSMEs growth’
Business Reporter THERE is need for collaboration among stakeholders in the Micro, Small to Medium enterprises (MSMEs) sector to promote and develop the entrepreneurial spirit and build prosperous...
View ArticleChinese stocks soar for 9 straight months
Chinese stocks extended one of their most remarkable turnarounds in history, soaring for a ninth straight day as government stimulus entices investors back to one of the most beaten-down markets...
View ArticleCrystal ball breaks as traders fail to get rich
If investors had known in advance the size of the Federal Reserve’s latest interest-rate cut, would they have made big money on stocks and bonds trading on this market-moving intel? Surprisingly, the...
View ArticleChicken industry wants VAT relief
The poultry industry in South Africa has identified Vat-free chicken as one of the three critical pillars to secure future growth for producers. The South African Poultry Association (Sapa) will submit...
View ArticlePadenga’s strategic shift to gold pays off
Business Reporter AS Padenga continues to make progress on diversifying operations, the group is demonstrating resilience and adaptability in a challenging operating environment. The company’s interim...
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