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Martin Kadzere Following the success of the NP300 pickup trucks, Nissan’s Navara is proving itself a worthy successor. Launched in 2021, the Navara has maintained high sales figures in Zimbabwe, capturing a significant market share in both single and double-cab options. The NP300 has been a workhorse, a reliable pickup truck that dominated the market […]
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The governor of the Central Bank of Nigeria Olayemi Cardoso has explained the depletion of the country’s foreign exchange reserves. The apex bank disclosed that contrary to what was initially reported, the sharp decline in Nigeria’s forex is not a result of defending the country’s currency, but paying debts. He made this known in Washington […]
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Oil prices jumped more than 3 percent on Friday after Israel carried out a strike on Iran, triggering fears of an expanding war in the Middle East. Israel carried out a limited military strike against Iran and is currently assessing the strike’s effectiveness and damage caused, a source familiar with the situation told NBC News. […]
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JOHANNESBURG. – Multinational food and beverage company Nestlé has been accused of violating health guidance by selling baby food with added sugar in low- and middle-income countries, including South Africa, while selling sugar-free alternatives with the same name and branding in Western markets. This was the finding of a joint investigation by Public Eye and […]
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Enacy Mapakame The upcoming Zim-Open Golf Tournament is an opportunity for the country to tap into the vast and multi-billion-dollar sports tourism sector, helping to enhance the growth of the local economy in general. Sports tourism is a type of tourism activity that refers to the travel experience of the tourist who either observes as […]
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South Africa’s Sibanye Stillwater will close its 4 Belt shaft at Marikana and shed 855 jobs after failing to return it to profitability due to low platinum group metal (PGM) prices, the company said on Thursday. The diversified miner, like its industry peers Anglo American Platinum, is restructuring to contain costs after PGM prices plunged […]
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Business Reporter National trade development and promotion agency, ZimTrade, is organising an outward seller mission to Angola designed to enhance linkages between local exporters and leading buyers in that market. The Zimbabwe-Angola Trade Mission, scheduled for 14-16 May will feature a comprehensive programme designed to foster connections between the Angolan and Zimbabwean private sectors. This […]
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Francis Gakanje The National Biotechnology Authority (NBA) has warned locals against unlawful importation and handling of genetically modified (GMO) grain as the country seeks to alleviate the problems of the current drought. NBA chief executive officer and registrar Dr Deckstar Savadye in a statement said, “As you are aware, Zimbabwe is a non-GM producing country. […]
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Business Reporter The Standards Association of Zimbabwe (SAZ) has called for professionalism among local businesses so they can operate sustainably and compete at the international level. Speaking at an International Standards Organisation (ISO) certification event for leading security company, Day Night Security Services in Harare recently, SAZ deputy director-general Mr Cosmas Mukoyi said local companies […]
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The chatter around braais and dinner tables these days is being dominated by the vast destruction of middle-class wealth due to the steady collapse of the residential property market. Typically, these conversations are sparked by one of the participants knowing (or being) a ‘forced’ seller of a property – mostly due to emigration or semigration. […]
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Tapiwanashe Mangwiro Senior Business Reporter The International Monetary Fund (IMF) has projected Zimbabwe’s economy to register 3,2 percent growth in 2024, reflecting the negative impact of drought and declining global commodity prices.
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Business Reporter ZIMBABWEAN companies should take advantage of the 2024 edition of the China International Import Expo (CIIE) to unlock more export opportunities in the Chinese market.
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Enacy Mapakame Dinson Iron and Steel Company (DISCO), a subsidiary of Chinese steel giant Tsingshan Holdings Group, is targeting net annual revenue of US$4,25 billion in the fourth and final phase of the project, which the group expects to reach in four to five years, an official has said.
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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, […]