BUSINESS NEWS

The Reserve Bank of Zimbabwe (RBZ) has devalued the local currency, pushing its exchange rate to ZW$24.39 against the US dollar. This adjustment comes in response to growing exchange rate …

Harare, Zimbabwe – Leading financial services institution, Stanbic Bank, has posted a historical cost profit of ZWG27.1 million for the six months ended 30 June 2024, amid changes in its …

Stanbic Bank Zimbabwe has once again demonstrated its commitment to supporting individuals with albinism by donating sun protection products valued at $25,000 to the Albino Charity Organisation of Zimbabwe (ALCOZ). …

In a significant effort to address the digital divide in Zimbabwe, Aura Group has officially launched its reseller partnership with Starlink. The event, held at the Sabre Business premises in …

Fed Governor Christopher Waller said on Friday he’d likely back quarter-point cuts at each of the next two central bank policy meetings in November and December, should the economy evolve …

The Confederation of Zimbabwe Retailers (CZR) is urging closer collaboration among the government, regulators, and key stakeholders to tackle ongoing challenges in the retail and wholesale sectors. They warn that …

The Confederation of Zimbabwe Retailers (CZR) has urged greater collaboration between the government, regulators, and key stakeholders to address the challenges facing the retail and wholesale sectors. CZR expressed concern …

CHROMIUM alloy producer Zimbabwe Alloys Limited (ZimAlloys) is in discussions with an unnamed Dutch-based renewable energy firm to install a 180 megawatt (MW) wind energy farm to support its operations. …

Angola’s kwanza fell to a new 25-year low against the dollar after the oil-producing nation’s central bank ruled out intervening in the market to stabilize the currency. The kwanza weakened …

In a significant meeting focused on enhancing business ties between the UAE and China, Shaji Ul Mulk, a prominent UAE businessman and a driving force behind Zimbabwe’s Cyber City project, …