BUSINESS NEWS

Copper stockpiles on the London Metal Exchange surged by the most in four years, signalling weak demand in Asia. The 42,175-tonne inflow took inventories to the highest since 2019, with …

Sunway City and GPC Energy are set to develop a 100 megawatt (MW) direct current (DC) solar facility with a 90MW alternating current (AC) capacity at Ventersburg Estate in Harare. …

The currency markets in several African countries are expected to show signs of stability and potential strengthening against the US dollar in the coming week, buoyed by factors such as …

Harare, Zimbabwe – Stanbic Bank Zimbabwe has reaffirmed its commitment to the growth of Small and Medium Enterprises (SMEs) by participating in the Southern African Development Community (SADC) Industrialization Week. …

Shanghai, China – Henrietta Rushwaya, president of the Shanghai-Zimbabwe Miners Federation (ZMF), is making significant strides in China by promoting Zimbabwe’s mining industry and attracting potential investors at the China …

The Pick n Pay Group has successfully completed its rights offer, raising R4 billion in capital with significant market support. The offer was oversubscribed by 106 percent, with total subscriptions …

Global stock markets experienced a deeper selloff yesterday as worries intensified that the Federal Reserve may be lagging in its support for a weakening US economy, prompting investors to flock …

According to the latest data from the Zimbabwe Investment and Development Agency (ZIDA), nearly 30 percent of the projects licensed in 2022 are now operational, with actual investments totaling US$450.3 …

A strong capital market is crucial for enhancing local ownership of Zimbabwe’s abundant natural resources and achieving the country’s 2030 Vision, according to a UK-listed mineral explorer. The Victoria Falls …

Stocks around the globe have plummeted wiping off an estimated $2.9 trillion (£2.27 trillion) from the markets today, according to a financial expert. Writing on X, Financial Analyst and Value …