BUSINESS NEWS

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, …

Coca-Cola Hellenic Bottling Company has announced plans to invest an additional US$1 billion in Nigeria over the next five (5) years to further capture growth opportunities in the country’s beverage …

A new initiative aims to provide electricity to 300 million Africans by 2030, supported by an initial US$30 billion commitment from the World Bank and the African Development Bank. This …

Kuvimba Mining House (KMH), a State-owned enterprise, may cut the budget for its Darwendale platinum project owned by Great Dyke Investments due to depressed commodity prices on the international market. …

The Reserve Bank of Zimbabwe (RBZ) has injected US$64 million into the foreign exchange market to meet the rising demand for hard currency and ensure all legitimate foreign currency requests …

The Malaysia International Halal Showcase (MIHAS) is currently taking place, providing Zimbabwean companies like Eden Chase an opportunity to showcase their products and explore new markets. Valerie Madziva, co-founder of …

The South African rand strengthened, buoyed by expectations of a busy week ahead with several key interest rate announcements and local inflation data. By 0720 GMT, the rand was trading …

Zimbabwe’s MINES and Mining Development Minister, Winston Chitando, has urged gold miners to boost production by capitalizing on favorable global gold prices. Gold remains Zimbabwe’s top export, generating approximately US$3 …