BUSINESS NEWS

The Reserve Bank of Zimbabwe (RBZ) has released the Mosi-Oa-Tunya gold coin price and gold-backed digital token price per milligram (MG) as of 07 August 2023. In a statement seen …

Hwange Thermal Power Station Unit 7, which was recently taken off the national grid for further tests, will be back online on Monday, adding 300MW to the national output, Energy …

West Texas Intermediate remained over US$71 per barrel after rising more than 4% on Friday, when futures reversed a hefty weekly loss. While worries of a US recession and bank …

First Capital Bank (FCB) has authorized the delisting of the bank from the Zimbabwe Stock Exchange (ZSE), which would be followed by a listing on the Victoria Falls Stock Exchange …

Invictus Energy, an Australian company looking for oil and gas in the Cabora Bassa region of northern Zimbabwe, says the results of mudgas analysis for its Mukuyu-1 exploration well have …

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 …