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Golden Sibanda in Accra, Ghana   THE Zimbabwe-Ghana business forum, designed to explore trade opportunities between the two friendly nations, opens today in the west African nation’s capital city, Accra, and runs until Wednesday this week. Zimbabwean businesses are expected to reap significant benefits presented by the African Continental Free Trade Area, which the two […]

Business Reporter Liquid Intelligent Technologies, a leading connectivity, innovation and hi-tech company owned by billionaire Strive Masiyiwa, has acquired Cairo-based cloud and cybersecurity services provider, Cysiv MEA. Cysiv MEA has been servicing some of Egypt’s largest companies in the financial services and telecom sectors since it was founded in 2008, and the acquisition provides Liquid […]

Business Reporter LEADING equities research firm, IH Securities has forecast Simbisa Holdings revenues to grow driven largely by footprint expansion, customer count recovery post-pandemic and elevated average spend in line with growth of the Zimbabwean and regional economies. Simbisa is a quick service restaurant business (QSR) listed on the Victoria Falls Stock Exchange (VFEX), having […]

Michael Tome / Malvern Nkomo POSB, in partnership with Mastercard, a global technology company in the payments industry, on Wednesday launched prepaid and debit gold Mastercards that will enable customers to seamlessly process domestic and international transactions. The Mastercard debit card is the default (universal) swipe card POSB account holders will now use to transact […]

South Africa must implement reforms to boost private-sector investment, promote good governance and improve the efficiency of public spending to shore up an economy hamstrung by rolling blackouts, the International Monetary Fund said. Severe power outages, known locally as load shedding, coupled with softer commodity prices mean Africa’s most industrialised economy will probably only grow […]

Asian stocks projected relative calm Thursday after Treasury Secretary Janet Yellen rattled US bank shares and the Federal Reserve pushed back against bets for interest rate cuts this year. An index of the region’s shares rose about 1 percent as gauges in Hong Kong and mainland China climbed. Benchmarks in Japan and Australia trimmed losses […]

Nigerians have increasingly turned to a once-spurned digital currency to transact, after a chaotic demonetisation policy gave rise to a shortage of banknotes and bolstered demand for alternative payment methods. The value of eNaira transactions has surged 63 percent to 22 billion naira (US$47,7 million) this year, while about 13 million so-called e-wallets have been […]

Steinhoff International Holdings failed to pass a plan to give creditors 80 percent of its equity as it sought to be released from its debt that is due at the end of June. Shareholders rejected all the resolutions that were voted on at the global retailer’s annual general meeting held in Amsterdam on Wednesday. The […]

South Africa’s electricity supply woes and deepening cost of living concerns have sent consumer confidence plunging to levels last seen in the third quarter of 2020, during a time when economic activity was stalled by Covid-19 lockdowns. The quarterly Consumer Confidence Index (CCI) that measures the mood of consumers in South Africa, dropped to -23 […]

Chinese and Australian companies have reported a significant coal trade rebound in January and February, driven by increasing demand, and they’re holding a positive tone for the remainder of the year, the Global Times learned from industry insiders. These responses indicate a changing tone toward Australian goods, from being cautious to more welcoming amid an […]

UBS Group AG shares have erased almost all of the losses made during the past week’s banking rout, with a bond buyback announced Wednesday adding to confidence that the historic takeover of Credit Suisse Group AG will be a net positive for the firm. The Swiss lender is leading gains among European banks this week, […]

There have been numerous views across the nation, on issues of shortfalls and co-payments incurred by medical aid members at the point of care. Ms Shylet Sanyanga, the chief executive officer of Association of Healthcare Funders of Zimbabwe(AHFoZ), clarifies shortfalls and co-payments below: Question: What is a shortfall Answer: A shortfall is the difference between […]

Business Reporter The Tobacco Industry and Marketing Board (TIMB) has introduced a Natural Air Curing System (NACS), also known as “chigaffa” to the local tobacco industry to prevent farmers from losing marketable volumes due to curing ban capacity limitations. Air-cured tobacco is carried out by hanging the leaves in a well-ventilated barn, where they are […]

Russia laid out conditions on Monday for agreeing to any further extension of the Black Sea grain deal, and President Vladimir Putin said that Moscow could send free grain to African countries if those conditions were not met. The deal, allowing the safe export of grain from Ukrainian and Russian Black Sea ports, was renewed […]

South Africa’s major cities are in a race to roll out alternative energy plans to reduce and eventually eliminate load shedding, as Eskom’s well-publicised woes seem unlikely to be resolved for years to come. It’s not just renewable energy they are after as a way to limit the impact of Eskom load shedding. Gas, solar, […]