Business News

1 year ago | December 23, 2022

World Bank releases US$100m for Zambia amid delays in debt ...

The World Bank is releasing US$100 million for Zambia amid substantial delays in its debt restructuring efforts as its ...

Veritas alleges massive illicit financial flows in Zim

Tapiwanashe Mangwiro Zimbabwe’s economy is being hindered by illicit financial flows, which also encourage corruption ...

ZBFH set to meet 2022 targets

Enacy Mapakame Financial services group, ZB Financial Holdings (ZBFH), is targeting to meet its performance targets for ...

World economic outlook for 2023 increasingly gloomy

With inflation on the rise, retailers are expecting that many shoppers will be looking for especially good deals as ...

Crypto whales smell blood, start accumulating bitcoin

This year will go down as one of the worst in the short but storied history of cryptos, comparable perhaps with the ...

1 year ago | December 21, 2022

Gvt finalises IPPs implementation plan

Oliver Kazunga Business Writer ZIMBABWE has finalised a standardised implementation agreement to accelerate the ...

ZFU establishes commercial entity

Enacy Mapakame Business Writer The Zimbabwe Farmers’ Union (ZFU) recently launched a commercial entity, Globfarm ...

Sustained gains for ZSE as, investors see buying opportunity

The ZSE All Share Index today gained further, adding 419.50 points representing a 2,67 percent surge to close at 16 ...

Musk narrows voting on Twitter policy to Blue members after poll

Twitter will restrict voting on major policy decisions to paying Twitter Blue subscribers, company owner Elon Musk said ...

UK borrowers are facing a serious reality check

It is now exactly a year since the Bank of England started raising interest rates from a record low of 0,1 percent. ...

1 year ago | December 20, 2022

Mobile internet, data usage on the upsurge

Enacy Mapakame Business Writer Mobile internet and data usage has continued on an upward trajectory this year and is ...

Powerspeed revenue jumps 2009pc to $26,9bn

Tapiwanashe Mangwiro Business Writer Powerspeed, which operates the Electrosales hardware chain, recorded a 2009 percent ...

1 year ago | December 19, 2022

Lithium firms happy with progress at Kamativi project

Oliver Kazunga GALILEO Resources PLC has completed a reconnaissance mapping and sampling programme at the Kamativi ...

Power crisis weighs heavily on Dallaglio  

Business Writer Dallaglio Investments says it has not been spared by current power shortages resulting in backup power ...

Zim has enough stocks of fertiliser, Bhasera

Business Writer The Government has assured that there are enough fertiliser stocks in the country, but more foreign ...

Chengetedzai Depository Company finalizing securities lending and ...

Business Writer  Chengetedzai Depository Company (CDC) says it is finalising the implementation of Securities Lending ...

1 year ago | December 16, 2022

Uncertain outlook knocks off business confidence

Business Writer Business confidence has deteriorated this year, compared to last year as an uncertain economic outlook ...

Public entities continue to defy AG

Business Writer Public entities, chiefly line ministries, State enterprises and parastatals continue defying the Auditor ...

Zesa faces revenue crisis as power challenges escalate

Business Writer  ZESA Holdings, the State-owned power utility is likely to plunge into a cash flow crisis as a result of ...

Zimdollar credit sales fast fading away

Nelson Gahadza Zimbabwean businesses whose models relied heavily on credit sales are slowly abandoning offering ZWL ...