Power outages cost PPC US$1m
Cement manufacturer, Pretoria Portland Cement (PPC) Zimbabwe, has suffered over US$1 million in financial losses in the first half of the financial year ended September 30, 2024 due to power … Read More
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Keep a lid on ZiG liquidity to anchor rate stability: CZI
ZIMBABWE’s largest industrial lobby group, Confederation of Zimbabwe Industries (CZI), says authorities must keep a tight lead on Zimbabwe Gold (ZiG) market liquidity to maintain low inflation and a stable … Read More
RBZ keeps rates steady
RESERVE Bank of Zimbabwe (RBZ) governor John Mushayavanhu will maintain the bank policy rate at 35% and keep the statutory reserve requirements unchanged to sustain the exchange and inflation rates. … Read More
US$1 billion new power plant planned for Hwange
Titan New Energy plans to invest approximately US$1 billion in establishing a 720 megawatts waste-to-energy power plant in Hwange and a 200MW solar power plant in Gweru, the company has … Read More
Delta, Econet in focus as dividend payouts and earnings set market tone
Trading on Zimbabwe’s equities market exhibited mixed sentiments on Monday, with notable movements on both the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX). Market players grappled … Read More
RBZ unveils a low interest funding facility for businesses
The Reserve Bank of Zimbabwe (RBZ) has maintained its benchmark policy rate at 35 percent, continuing with its hawkish monetary policy stance to anchor inflation expectations and economic, stability, at … Read More
Fears mount over ‘inflationary’ 2025 National Budget
LOCAL industry experts have labelled the 2025 National Budget as inflationary, owing to the jump in expenditure compared to this year’s budget. Finance, Economic Development and Investment Promotion minister Mthuli … Read More
‘Invictus, govt petroleum deal to be finalised soon’
The agreement will provide a stable, transparent, legal and fiscal framework for the exploration and production of oil and gas in Zimbabwe.AUSTRALIAN firm, Invictus Energy Limited, has revealed that its … Read More
Zim records 17,9pc jump in forex receipts
ZIMBABWE recorded a 17, 9 percent increase in foreign currency receipts in the first nine months of 2024, with the inflows reaching US$10 billion compared to US$8,5 billion during the … Read More
Rising informal sector drives Choppies out of Zim
BOTSWANA HEADQUARTERED retailer, Choppies Enterprise Limited, will exit the Zimbabwean market amid a deteriorating environment which has seen a surge in the informal sector leaving the formal retailers to battle … Read More
