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Business Reporter BUSINESS mentor and motivational speaker, Mr Venon Chamba will on May 4, 2024, convene a seminar aimed at bolstering entrepreneurs’ attitudes when operating in a tough economic environment.
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Sheuneni Kurasha Farmer’s Diary The spectre of veld fires looms large in the country, especially in the face of severe drought this year. The fires often started accidentally or through negligence, wreak havoc on the environment, agriculture and communities, leaving farmers in misery and anguish as vast tracts of grazing land are destroyed, livestock perish, […]
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Godknows Hofisi Introduction I have written several articles on the valuation of businesses or shares or on disputes involving the same.
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Shortly after Kenya’s 2022 elections, the shilling depreciated rapidly against the US dollar – the country’s main currency for international transactions – fuelling a wave of political discontent
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Africa Moyo Deputy News Editor International Monetary Fund (IMF) managing director Ms Kristalina Georgieva yesterday said they remain committed to working with Zimbabwe to ensure economic stability and the success of the re-engagement with the international community. She said this in a post on X after participating in a discussion on Zimbabwe’s economic developments and […]
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Tapiwanashe Mangwiro and Francis Gakanje Zimbabwe Stock Exchange (ZSE) listed construction firm — Masimba Holdings has applauded the Government’s infrastructure development drive, after the group’s revenue increased by 8 percent in the year to December 31, 2023.
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Business Reporter Zimbabwe’s largest food manufacturer, National Foods (NatFoods), has invested US$30 000 into an egg layer project through its stockfeeds division, as part of efforts to empower rural youths in western parts of the country.
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Business Reporter Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu has announced a significant shift in the central bank’s approach towards rebuilding confidence in the bank’s policies, acknowledging some limitations in previous guidelines.
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The OPEC+ oil producers coalition, having seen departures like Angola in recent times, is considering Namibia for potential membership.
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The world’s second-largest economy grew 5,3 percent in the first quarter of this year from a year ago, according to the National Bureau of Statistics — beating the 4,8 percent growth analysts polled by Bloomberg had forecast and the 5,2 percent growth it chalked up in the fourth quarter of 2023.
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Herald Reporter Despite the headwinds confronting the media business due to digital migration, the latest Zamps survey results show that Zimpapers newspapers, radio stations and television channel are not only resilient, but continue to be market leaders in Zimbabwe, the diversified media company’s chief executive officer, Mr Pikirayi Deketeke, has said. “We are very pleased […]
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Business Reporter CABS, a member of the Old Mutual Group, received US$110 million lines of credit in 2023 from AfreximBank and the Trade and Development Bank for on-lending to key economic sectors of the economy such as agriculture, mining, energy, and manufacturing. The bank, in its 2023 annual report, said it remained committed to supporting […]
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Business Reporter The Reserve Bank of Zimbabwe (RBZ) has adjusted the foreign currency statutory reserve ratio on demand deposits, a move analysts said would help in the sustainable management of the foreign exchange market. The policy change resulted in an increase in the statutory reserve ratio for foreign currency demand deposits from 15 percent to […]
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A new commodities boom is complicating central bankers’ anti-inflation efforts and may help derail prospects for significant interest-rate cuts any time soon. Even before Iran’s attack on Israel over the weekend stoked fears of a wider regional war and disruption to oil supplies, crude had already risen significantly this year. That advance, together with a […]
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Nigeria’s debt stock as of Q4 2023, its last update period, saw an increase from its previous figure. Reports indicate that Nigeria’s debt stock increased by N10 trillion (US$8,4 billion) between the third and fourth quarter of 2023. This debt, however, which grew at a rate of 10,73 percent on a quarter-on-quarter basis, includes both […]