BUSINESS NEWS

The Government has commenced preparatory work for adding two more units to the Hwange Power Station to enhance the country’s base load capacity. This move follows the activation of Hwange …

Victoria Falls, Zimbabwe – Zimbabwe’s tourism industry is soaring, with visitor numbers skyrocketing by a staggering 83% in the first half of the year. This explosive growth is set to …

Zimbabwean beverage giant, Delta Corporation, is anticipating substantial volume growth in the current financial year, fueled by a significant US$71 million investment in production capacity expansion. The Zimbabwe Stock Exchange-listed …

The Reserve Bank of Zimbabwe (RBZ) is set to inject US$50 million into the interbank foreign exchange market. This move aims to bolster bank funding for crucial imports and alleviate …

A mere four percent of Zimbabwe’s micro, small, and medium-sized enterprises (MSMEs) have business insurance, according to the Insurance and Pension Commission (IPEC). The primary obstacles to insurance coverage are …

Khayah Cement, Zimbabwe’s second-largest cement producer, is set to begin a US$20 million refurbishment of its kiln plant, aiming to enhance production and sales volumes. Last year, Khayah halted operations …

Zimbabwe saw a notable rise in raw milk production, with a 20 percent increase to 55.11 million liters in the first half of 2024, up from 45.90 million liters in …

Inflation is expected to stay low for the rest of the year due to strict financial and government policies. These policies have kept the local currency stable since it was …

Zimbabwe is gradually moving away from using the US dollar, aiming to strengthen its own currency, the Zimbabwe Gold (ZiG). This process will take time, but progress is being made. …

Yesterday, stocks in most developing markets fell to their lowest levels in over a month as risk appetite decreased following an unexpected interest rate decision by China. Additionally, Ukrainian bond …