BUSINESS NEWS

South African manufacturers’ sentiment improved more than expected in July as political uncertainty cleared after the formation of a centrist coalition government following the country’s May 29 elections, helping boost …

The Government, in collaboration with the private sector, plans to mobilize ZiG22 billion (US$1.6 billion) to boost crop production and enhance food security at both household and national levels. This …

The Federal Executive Council (FEC) has approved a proposal for the State oil company, NNPC Ltd, to begin selling crude oil in Naira to the Dangote Refinery, and to other …

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 …