Nigeria sees positive results from fiscal reforms: World Bank
Nigeria is beginning to reap the benefits of significant policy reforms following a near fiscal crisis in 2020, but must stay the course, the World Bank said yesterday.
View ArticleZimAlloys back on feet after 11 years
ZIMALLOYS, a ferrochrome producer based in Gweru, has restarted its chrome smelting operations after an 11-year hiatus following a US$7 million investment from Kuvimba Mining House.
View ArticleGold rallies to record with tight US election
Gold climbed to a record ahead of US data prints due later Thursday, with traders also monitoring an increasingly tight presidential race that’s driven demand for haven assets.
View ArticleRuto urges banks to join pan-African payment system
Kenyan President William Ruto is urging commercial banks to expedite plans to sign on to the Pan-African Payments and Settlement Systems (Papss) to avoid using the dollar.
View ArticleEast Africa leads economic recovery in Africa
The degree of economic recovery in 2024 has differed greatly across Africa and even among the continent’s subregions.
View ArticleMinister Mutsvangwa unveils SMEs growth plan
Small and medium-sized enterprises will be grown through training, market access, funding and cluster development, Women’s Affairs, Community, Small and Medium Enterprises Development Minister Monica...
View ArticleMinister Mutsvangwa unveils SMEs growth plan
Small and medium-sized enterprises will be grown through training, market access, funding and cluster development, Women’s Affairs, Community, Small and Medium Enterprises Development Minister Monica...
View ArticleZim okays compensation for 92 BIPPA farms
Business Reporter Zimbabwe has approved 92 farms protected under Bilateral Investment Protection and Promotion Agreements (BIPPA) for compensation, a significant achievement for the country’s arrears...
View ArticleChina records 4,6pc Q3 economic growth
China’s National Bureau of Statistics on Friday reported third-quarter GDP growth of 4,6 percent year on year, slightly exceeding the 4.5 percent expected by economists polled by Reuters. That’s less...
View ArticleGlobal stocks up after China shares rally
Global shares edged higher on Friday, spurred by a rally in Chinese stocks on Beijing’s latest policy steps to boost demand and also supported by robust US economic data out this week. MSCI’s index of...
View ArticleBillionaire Dangote’s wealth doubles within days
Aliko Dangote who’s net worth has fluctuated since the year began is back to being Africa’s richest man. His net worth in the past few days has gone from around US$13 billion to now US$27,8 billion....
View ArticleSA’s click-and-collect firm considers foray into Africa
South African click-and-collect company Pargo is exploring an expansion into the rest of Africa, its CEO said in an interview, betting on e-commerce growth on the continent. Africa is forecast to...
View ArticleFinancial inclusion critical for stability: RBZ
Francis Gakanje The Reserve Bank of Zimbabwe (RBZ) says financial inclusion is a significant catalyst and essential contributor to financial sector stability and inclusive economic growth. Speaking at...
View ArticleTigere REIT in solid Q3 performance
Tapiwanashe Mangwiro-Senior Business Reporter Tigere Real Estate Investment Trust (REIT) maintained solid performance during the third quarter of 2024, driven by strong occupancy across its properties....
View ArticleCam & Motor knocks glitter off RioZim gold plunges in half-year period
Business Reporter Gold production at RioZim Limited declined by 27 percent to 306 kilogrammes (kg) in the six months to June 30, 2024 from 417kg achieved in the same period in the prior year mainly due...
View ArticleMulti-sectoral Indian business delegation jets in
Mukudzei Chingwere Herald Reporter An Indian business delegation that is in the country to scout for local business opportunities has met Vice President Dr Constantino Chiwenga. The Indian captains of...
View ArticleAfDB extends US$3,9m grant for Zimbabwean youths, women
Tapiwanashe Mangwiro and Francis Gakanje The African Development Bank (AfDB) has approved a US$3,93 million grant for Zimbabwe to increase the entrepreneurial capacity of young people and women. In a...
View ArticleTop honours for ZIMCN executive
Business Reporter The Zimbabwe CEO’s Network has recognised indigenous mining company ZIMCN Investments’ chief executive officer Mr Collins Mnangagwa as one of the top five young chief executive...
View ArticleBitcoin flirts with US$70k
Bitcoin came close to US$70 000 yesterday as a spurt of inflows into exchange-traded funds for the largest digital asset as well as optimism about the outlook for US regulations supported sentiment....
View ArticleSA automotive industry revamp looms
The government is planning some major changes to its industrial policy for the automotive industry by providing incentives and support to other new energy vehicle (NEV) technologies, and not just...
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