Caledonia declares another dividend
Enacy Mapakame Victoria Falls Stock Exchange (VFEX) listed firm, Caledonia Mining Corporation Plc, has maintained its dividend policy declaring a US14 cents dividend a share to its shareholders for the...
View Article2023 tobacco exports jump to US$1,23bn
Oliver Kazunga Senior Business Reporter ZIMBABWE exported tobacco valued US$1,237 billion last year compared to US$983,4 million generated in 2022 figures from the Tobacco Industry and Marketing Board...
View ArticleDandemutande invests US$8m in fibre optic newtwork
Michael Tome Business Reporter INTERNET Access Provider (IAP), Dandemutande Investments (Pvt) Limited says it invested US$8 million in establishing a national fibre backbone in 2023 as the entity...
View ArticleUnderstanding High Court applications
Godknows Hofisi Introduction Civil legal proceedings are usually by way of action or applications. In the case of action proceedings most people know them to be initiated through summons and evidence...
View ArticleWilldale leverages existing assets to raise capital
Nelson Gahadza Business Reporter Brickmaker, Willdale Limited, says it is exploring various options to enhance plant capacity in the short term, leveraging on its existing assets to source appropriate...
View ArticleDinson diversifies into lithium mining
Oliver Kazunga Senior Business Reporter DINSON Iron and Steel Company (Dinson), which is developing the US$1,5 billion steel plant in Manhize near Mvuma, has secured lithium mining claims in Gwanda and...
View ArticleCottco part ways with ‘new’ CEO after 3 months
Martin Kadzere Cottco has terminated the contract of its chief executive Prisca Mutembwa after the expiry of her three months probation, sources familiar with the developments have said. The Cottco...
View ArticleFive transformative technologies of 2023
LASt year was marked by unprecedented technological advancements that reshaped industries and daily life. From artificial intelligence (AI) to biotechnology, here are the top five technologies that...
View ArticleCopper to skyrocket to record highs by 2025
Copper prices are set to soar more than 75 percent over the next two years amid mining supply disruptions and higher demand for the metal, fuelled by the push for renewable energy. Rising demand driven...
View ArticleUS national debt hits record US$34trn
The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming...
View ArticleNigeria tightens cryptocurrency rules
Nigeria’s central bank has released inaugural guidelines for banks opening cryptocurrency accounts, while retaining its ban on them holding or trading in virtual assets on their own behalf. The rules,...
View Article‘Value addition curbs post harvest losses’
Enacy Mapakame Experts say value addition is a more effective and efficient way to solve post-harvest losses experienced especially by small holder farmers. Post-harvest loss is one of the biggest...
View ArticleMetro Peech retrenchees cry foul over package
Business Reporter SOME retrenched workers at Metro Peech & Browne Wholesalers Limited — currently under corporate rescue — a local form of bankruptcy protection are crying foul after their terminal...
View ArticleUNWTO lists priorities to advance in 2024
Oliver Kazunga-Senior Business Reporter THE United Nations World Tourism Organisation (UNWTO) to which Zimbabwe is signatory says it has identified priorities to be advanced this year to promote growth...
View ArticleAriston solar investments pay off
Nelson Gahadza Listed agricultural concern Ariston Holdings Limited says investments in solar energy have led to the group’s financial savings and are also in line with its quest for clean energy...
View ArticleBeverage industry implements new tax laws
Business Reporter Following new Government regulations aimed at boosting value chain efficiency and combating unfair competition from the informal sector, Zimbabwe’s top beverage companies have started...
View ArticleFormer PPC boss gets R23m ‘pay out’ days before leaving
The former CEO of cement producer PPC, Roland van Wijnen, whose contract ended on 31 December, received a ‘pay out’ of R23,5 million just four days before departing the group. The amount was unrelated...
View ArticleChina to support stock market
Beijing has informally asked some money managers in China to prioritise the launch of equity funds over other products like bond funds, four sources with direct knowledge of the matter said, as...
View ArticleEuro zone inflation jumps
Euro zone inflation surged last month and could still go higher in the early part of 2024, easing financial markets pressure on the European Central Bank to start cutting interest rates from record...
View ArticleHippo Valley Estates extends milling season
Enacy Mapakame Hippo Valley Estates has extended the milling season while implementing a revised cane delivery plan to catch up some of the lost milling capacity. The initiative being done in...
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