BUSINESS NEWS

Quick Service Restaurant (QSR) group, Simbisa Brands continues to consolidate its position In the Zimbabwean market following the addition of 25 outlets during the third quarter (Q3) to March 31, …

China remains a “critical supplier” to the world and efforts for a full decoupling remain “difficult, if not impossible,” a trade report by Allianz Trade said. Despite talk of decoupling …

NMB Holdings is leveraging $57 million in available credit and negotiating an additional $25 million from two funders to boost support for exporters. CEO Gerald Gore informed shareholders that the …

Allegations were made against CABS when it appeared in court that it had disregarded a court order to give Universal Transport Services, the complainant in a criminal prosecution, access to …

Finance Minister, Professor Mthuli Ncube says currency speculation is unjustified in Zimbabwe. Speaking in Parliament he said : “I thank the Hon. Member for that very important question. It is …

Caledonia Mining Corporation, operator of Blanket Mine, recorded a 6% surge in gold production for the first quarter of 2024, totaling 17,050 ounces compared to the same period last year. …

National Foods Limited (NatFoods) plans to cultivate 5,000 hectares of winter wheat this year through its contract farming program. This initiative aligns with the Government’s goal of planting 120,000 hectares …

The Chinese firm, Dinson Iron and Steel Company, is set to begin test runs for its massive steel plant in Manhize, near Mvuma, next month following the completion of construction. …

The Victoria Falls Stock Exchange (VFEX), in partnership with Mauritius-based broker VCG Markets, introduced a new product called Contract for Differences (CFDs) yesterday, aiming to deepen local capital markets. A …

Africa’s richest man, Aliko Dangote, has secured the 6th spot on the list of the world’s richest manufacturing billionaires. With a net worth of US$14.3 billion, Dangote is the founder …