BUSINESS NEWS

The Reserve Bank of Zimbabwe (RBZ) is reportedly planning to stabilise the Zimbabwe dollar by introducing a new currency backed by gold tokens. The Sunday Mail reported that RBZ would …

The insurance sector in Zimbabwe is moving towards complete dollarisation, as per data from the Insurance and Pension Commission (Ipec). Industry participants wrote businesses worth approximately US$300 million in the …

After a positive first quarter performance, bullish sentiment is expected to continue to prevail on the equities market throughout the year although gains may be moderated by inflation control measures …

The Government has reduced by more than half the backlog of mining title applications that had ballooned to 20 000 early last year as more investors showed interest in Zimbabwe’s …

The inability of South Africa’s main power producer Eskom to meet demand is not only hurting the continent’s most-industrialised economy but affecting manufacturers on an island more than 2 000 …

China’s energy and commodities output roared ahead in March as producers rushed to feed a revival in economic activity. The increases, which included records for a single month’s data for …

Oil held near the highest close since January, as traders tracked supply constraints and a US industry report, pointed to another decline in crude holdings at the nation’s key storage …

Zimbabwe’s cement manufacturers have invested more than US$100 million toward plant and equipment upgrades over the last four years amid the strong demand driven by the massive infrastructure development projects …

Bitcoin climbed above US$30 000 for the first time since June 2022, rallying more than 80 percent since the start of the year. The rebound is even more intense than …

The Government has accepted the resignation of the chairperson of the National Social Security Authority (NSSA), Dr Percy Toriro, who recently offered to step down before the expiry of his …