Aiteo acquires stake in Moza gas block
Africa’s largest oil independent, Aiteo, has marked a significant expansion in its global energy portfolio by acquiring a major stake in the Mazenga gas block, the largest onshore gas reserve in...
View ArticleCFI to prioritise milling, low-cost housing investments
Nelson Gahadza Business Reporter LISTED agro-concern CFI Holdings says it will continue to prioritise continued investments in its milling operations in the short term to underpin the group’s long-term...
View ArticleBanks remain profitable: RBZ
Business Reporter The Reserve Bank of Zimbabwe (RBZ) says the banking sector remains profitable, largely driven by non-interest income and resilience attributable to strong risk management practices,...
View ArticleContango eyes coal supply deal with multinational
Oliver Kazunga Senior Business Reporter CONTANGO Holdings, which owns Muchesu Coal Mine in Binga, Matabeleland North Province, is eyeing a long-term offtake agreement with an unnamed multinational...
View ArticleUS$1,5bn Manhize plant ready to roar
Farirai Machivenyika Senior Reporter Production at the Dinson Iron and Steel Company plant in Manhize, Mvuma is expected to commence in February next year with the company targeting to produce three...
View ArticleSix African countries defaulted payment
A growing number of African countries have found themselves caught in the challenging web of debt distress, a predicament exacerbated by the Covid-19 pandemic, and global economic downturn. These...
View ArticleAgric rebound speeds up Kenya’s Q3 growth
A continued rebound of the agriculture sector has lifted Kenya’s economic growth in the quarter that ended September to 5,9 percent from 4,3 percent in a similar period in 2022. Data from the Kenya...
View ArticleBotswana plans a 1,51pc currency depreciation
Botswana plans to permit a 1,51 percent depreciation of its currency against a basket of other currencies in 2024, as it expects that local inflation will surpass price growth in the economies of its...
View ArticleGlobal trends to shape outlook of South Africa’s economy in 2024
South Africa’s economic outlook in 2024 will be shaped by global economic trends, geopolitical developments, domestic infrastructural challenges, effective implementation of reform commitments by the...
View ArticleTelecoms firms bullish about near-term prospects
Michael Tome Business Reporter PLAYERS in the telecommunications industry expect to continue investing in capital programmes and foresee an improved operating environment next year on the back of the...
View ArticleAgric, mining to anchor 2024 economic growth
Oliver Kazunga Senior Business Reporter MINING and agriculture are projected to remain key drivers of Zimbabwe’s economic growth this year despite the adverse impact of external shocks and the...
View Article‘Domestic tourism can anchor economic growth’
Wallace Ruzvidzo Herald Reporter Domestic tourism can play an important role in Zimbabwe’s economic growth and prosperity, pursuant to the attainment of a US$5 billion industry by 2025, Deputy Minister...
View ArticleShifting real estate transforms Harare’s landscape
Business Reporter The year 2023 proved to be a dynamic period for the real estate sector, with the capital witnessing a surge in the launch of world-class property developments. Notably, Terrace...
View ArticleAriston posts $33bn loss
Enacy Mapakame-Business Reporter Zimbabwe Stock Exchange (ZSE) listed agricultural concern Ariston Holdings Limited swung into a $33 billion loss for the year to September 30, 2023, from a profit of...
View ArticleEast Africa repeats growth in 2023
East Africa’s positive growth experienced in 2022 was replicated in 2023, owing to the private equity (PE) and venture capital investments and exits, which led the way in deal activity last year. In...
View ArticleZim electricity production forecast to jump 17pc
Business Reporter ZIMBABWE anticipates a 17,4 percent surge in electricity production this year, as the country seeks to reduce expensive imports and load shedding that negatively affected businesses...
View ArticleClimate change making coffee more bitter, expensive
For coffee lovers, the brew of the future is shaping up to be bitter and pricey, as climate change parches the world’s key growing regions. Increasingly erratic weather is putting crops at risk...
View ArticleAgric rebound fuels Kenya’s growth
A continued rebound of the agriculture sector has lifted Kenya’s economic growth in the quarter that ended September to 5,9 percent from 4,3 percent in a similar period in 2022. Data from the Kenya...
View ArticleBotswana plans currency depreciation
Botswana plans to permit a 1,51 percent depreciation of its currency against a basket of other currencies in 2024, as it expects that local inflation will surpass price growth in the economies of its...
View ArticleSix African countries default
A growing number of African countries have found themselves caught in the challenging web of debt distress, a predicament exacerbated by the Covid-19 pandemic, and global economic downturn. These...
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