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Own Correspondent The 3rd Rwanda-Zimbabwe Business Forum, which opened yesterday in Kigali, marks another significant milestone under the economic diplomacy as the Second Republic gears up efforts to unlock economic opportunities in Africa. The high-level event, co-organised by ZimTrade and the Rwanda Development Board, brings together businesses, policymakers, and stakeholders from both countries to explore […]
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Enacy Mapakame Zimbabwe is in the process of tweaking its Securities and Exchange Commission (SECZ) laws to align them with international best practice. This initiative is part of efforts to attract more investment in the country’s capital markets, according to a senior government official. The update is also expected to promote investor confidence and offset […]
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Business Reporter Zimbabwe could see a rise in mergers and acquisitions (M&A) activity this year, driven by increased foreign investor interest exploring opportunities under the African Continental Free Trade Area (AfCFTA) and the attractiveness of mergers for firms seeking to adapt and remain competitive within this integrated trade environment. With Zimbabwe’s post-election period underway, a […]
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Disruption to internet services for millions of users in Africa could take weeks or even months to fix, following damage to undersea cables off the continent’s west coast. Eight West African countries were suffering a second day of major connectivity issues last Friday with users in South Africa also affected, after damage to four sub-sea […]
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President Cyril Ramaphosa has extended the term of South African Reserve Bank (Sarb) governor Lesetja Kganyago for another five years from November and appointed Mampho Modise as a new deputy governor of the bank, the presidency said on Friday. “The re-appointment of Governor Kganyago will ensure continuity and institutional stability at the Reserve Bank,” the […]
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Nigerian inflation surged to a 28-high in February after the authorities allowed the naira to weaken again, raising the specter of a 10th straight interest-rate hike at the end of this month. Consumer prices rose an annual 31.7% from 29.9% in January, the National Bureau of Statistics said Friday in a statement published on its […]
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After a spectacular bust, battery-metal lithium is showing tentative signs of life on speculation the retracement that convulsed the market last year has forced the conditions for a recovery. The spot price of lithium carbonate in China – the key material used to power electric vehicles – has rebounded to the highest level since December […]
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Fidelis Munyoro Chief Reporter State-owned Enterprises and parastatals put under the direct control of Mutapa Investment Fund are set to bounce back to profitability, or maintain profitability and build up the investment assets that belong to the people. Several State-owned enterprises that have been struggling were brought together, along with some already profitable enterprises, and […]
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A network breakdown rippled across the sub-continent of West Africa last week. This was the result of damages to the MainOne and ACE sea cable – arteries for telecommunications data. The damages caused connectivity issues for mobile carriers and internet service providers in the region. A report by Bloomberg showed that internet outages reverberated across […]
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Business Correspondent The Rwanda-Zimbabwe Business Forum, which opens today in Kigali, provides an ideal platform to boost bilateral economic relations between the two countries, as Harare seeks to expand its presence across African markets. Now in its third year, the annual event presents a strategic opportunity to deepen economic ties and unlock new avenues for […]
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Business Reporter Research and stockbroking firm IH Securities says Simbisa Brand’s strategic restructuring has allowed the group to focus resources on growing and maximising shareholder returns from core markets. In the interim period to March 8, 2024, the group said that as part of reorganisation efforts, it streamlined the brand portfolio to focus entirely on […]
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The Kenyan economy is set to experience some relief as fuel prices drop for the first time since August. This turn of events also marks the largest month-on-month drop in Kenya, falling by up to Ksh7 per liter effective immediately. Super petrol now costs less than Ksh200 per liter. This price reduction follows a decline […]
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Enacy Mapakame THE Government is set to benefit from proceeds of oil and gas deposits discovered by Australian Stock Exchange (ASX) listed Invictus Energy at its Mukuyu fields in northern Zimbabwe. This comes as the company said it was finalising the long-awaited Petroleum Production Share Agreement (PPSA) with the Government, which sets the legislative and […]
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Business Reporter Pensioners who anticipated compensation for pre-2009 inflation-eroded retirement savings will need to wait a while longer after the Insurance and Pensions Commission rejected submitted compensation schemes from pension funds due to non-compliance. Out of a projected 1 395 applications, only 1 249 compensation schemes were submitted by pension funds, IPEC, which regulates the […]
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South Africa is facing a monumental challenge as it seeks to end years of rolling electricity outages that have hobbled the economy: It needs to build and fund a R390 billion expansion of the national grid so it can connect more power plants. The transmission system is owned, managed and maintained by Eskom, which supplies […]