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Zimplow Holdings says it will continue to focus on overheads rationalisation as well as grow exports to improve profitability in an economy where business conditions continue to deteriorate.
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Philadelphia. – The Federal Reserve could well raise interest rates as soon as June, two top US central bankers said on Friday, so long as economic data strengthens as expected from a dismal first quarter.
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DAR ES SALAAM. – Nigeria’s Dangote Cement said it will begin production in Tanzania in August, as sub-Saharan Africa’s leading cement producer eyes new markets on the continent.
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Business Editor Industrial Development Corporation subsidiaries Zimbabwe Phosphates and the Zimbabwe Fertiliser Company have had over $3,5 million intercepted because of the US sanctions imposed on the country.
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Dawit Endeshaw One of Addis Ababa’s black markets for hard currency is also one within reach of the several branches of both public and private banks. People walking by are approached by “brokers” and people seek out these exchange centres by foot or car and make their deals
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Conrad Mwanawashe Business Reporter ZIMBABWE, lying on the same belt with Namibia and Botswana, which both have vast swathes of desert, is heavily exposed to desertification as weather extremes become more severe and much more prolonged.
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JOHANNESBURG. – SA’s unstable power supply and the government’s decision to slow down growth in spending will limit the country’s economic growth, the International Monetary Fund says.
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Happiness Zengeni Business Editor—– A massive management shake-up looms at state-owned mobile company NetOne as Government moves to improve performance and expand operations in a bid to unlock value. This comes as the mobile network operator has failed to churn out meaningful returns to its shareholder (Government) who has invested
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Business Reporter Zimplats’ production in terms of ore milled in the quarter to March 31, 2015 increased 9 percent to 1,263 tonnes from 1,163 tonnes recorded in the comparative period due to improved ore production. The increase in ore milled resulted in an 8 percent increase in 4E metal in concentrate produced during the
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Jeffrey Gogo Climate The United Nations has themed 2015 the ‘International Year of Soils’. Now, it is very easy to dismiss soil as that good-for-nothing stuff that generates dirt. This may not necessarily be true. The UN does not think so, too. As climates change, the preservation and prudent management of soils becomes of great
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Conrad Mwanawashe in Bulawayo Vice President Emmerson Mnangagwa says the days of the prevalence of corruption are gone and called on citizens to fight the canker-worm as it threatens the economic and moral fibre of the country. Delivering a keynote address at the International Business Conference at the Zimbabwe International Trade Fair,
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Happiness Zengeni and Martin Kadzere– CBZ Bank has to date raised around $100 million through a bond for on lending to productive sectors, chief executive of the bank’s holding company Mr Never Nyemudzo said yesterday. The $100 million is part of the $200 million the bank intends to raise and is backed by the Africa Export […]
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Tinashe Makichi Motoring Reporter The 2013 BMW 320d limited edition has been one of the most unheralded vehicle brands on the local market but it has still managed to prove its mettle. The 3 Series range has always been known for its huge selection of engines, gearboxes and trim levels, but there’s little reason to look beyond […]
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Business Reporter Two directors of Southern Africa focused investment company, Cambria have stepped down following the successful subscription of 107 million shares in Cambria for £909 500 by Ventures Africa Limited. Messrs Itai Mazaiwana and Fred Jones stepped down as non-executive directors last week. This paves the
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Golden Sibanda Senior Business Reporter THE Postal and Telecommunications Regulatory Authority of Zimbabwe expects to finalise regulations for mandatory infrastructure sharing in the telecoms industry by August. This follows consultations that started in April last year to establish the best method of enforcing infrastructure sharing to reduce service