-
Enacy Mapakame Datvest Modified Consumer Staples Exchange Traded Fund (Datvest ETF) swung back to profitability during the year to December 31, 2023 from a loss position recorded in the prior year period. Its financial statements for the period reveal that the ETF recorded an inflation-adjusted profit after tax of $255,2 million against the prior year’s […]
-
JOHANNESBURG. — Ghana has failed to strike a deal with two bondholder groups to restructure US$13 billion of international bonds, the government said yesterday, dealing a blow to its efforts to swiftly emerge from default and economic crisis. Talks were derailed for now amid indications from the International Monetary Fund (IMF) that the deal would […]
-
Prices of Murban crude in the global market have climbed to highs last seen in October last year, setting up Kenyans for an end to months of a continued drop in local pump prices. A barrel of Murban crude went for US$90,61 last week, the highest level since US$91,57 per barrel posted in October last […]
-
Nelson Gahadza Senior Business Reporter ZESA Enterprises (ZENT) has lined up three power generation projects valued at over US$15 million as part of its roadmap of various strategic directions towards building the security of energy supply in the country. ZENT, a subsidiary of State power utility ZESA Holdings, manufactures and distributes electrical equipment, including transformers and […]
-
-
Business Reporter SEED Co Limited says it will continue to enhance its thrust on innovation, breeding climate-smart products to catch up with the demands of the ever-changing weather conditions. The seed-producing entity has significantly invested in research and development mainly at the Kadoma, Muzarabani, Shamva, and Stapleford research stations. For more business stories visit: http://www.businessweekly.co.zw Shamva […]
-
Walter Muchinguri in Cape Town, South Africa. LEADING hospitality company, Rainbow Tourism Group, and Switzerland-based Grand Metropolitan Hotel, last week unveiled a strategic partnership that will enable the former to spread its influence beyond the country’s borders. The partnership, which is the culmination of negotiations that started in August last year, is anchored on four […]
-
Libya overtook Nigeria as the top African crude oil producer for March, data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. According to the April 2024 Monthly Oil Market Report (MOMR), Libya recorded 1,236 million barrels per day (bpd) of crude production in March, up from 1,173 million bpd in February. For more […]
-
Ethiopia may have to decide on a big currency devaluation sooner rather than later to secure a rescue loan from the International Monetary Fund (IMF), which left the country last week without reaching a much-needed deal with authorities. East Africa’s most populous country, already struggling with high inflation, became the third African state in as […]
-
-
IMF chief Kristalina Georgieva has said higher US interest rates were not great news for the rest of the world and could become a worry if they continued for a long time, but she thought the US Federal Reserve was acting prudently. Georgieva, speaking at an event hosted by the Atlantic Council last week, said […]
-
A bipartisan group of senators has introduced a bill to renew the US trade pact with sub-Saharan Africa ahead of its expiration next year, an aide to one of the senators said on Thursday. The bill was introduced by Senators Chris Coons, a Democrat, and James Risch, top Republican on the Senate Foreign Relations Committee. […]
-
The Government plans to consolidate the Treasury’s reserves with the foreign exchange and mineral assets held by the Reserve Bank of Zimbabwe (RBZ) following the introduction of the Zimbabwe Gold (ZiG).
-
Specialty retail and distribution group Axia Corporation Limited (Axia) is countering El Nino’s dampening effect on consumer spending by expanding its distribution channels to drive volume growth, a strategy expected to bear fruit according to analysts’ projections.
-
-
Civil society has applauded the 2024 Monetary Policy Statement (MPS) for paying special attention to financial inclusion needs of marginalised groups, including people with disabilities (PWD).
-
China will remain the largest growth engine for the world economy in spite of its slowdown, the Asian Development Bank said.
-
South Africa’s Nedbank Group is hoping to hire more investment bankers as it seeks to take advantage of a surge of deals in renewable energy, water and logistics in South Africa’.