BUSINESS NEWS

Dubai-based Albwardy Investments which bought Zimbabwe’s Meikles Hotel for US$20 million three years ago and vowed to upgrade what is one of the southern African nation’s most well-known establishments, has …

Tobacco farmers owed by merchants for the crop delivered last season will receive their balances by end of this week, with the Tobacco Industry and Marketing Board (TIMB) vowing to …

The 2023 tobacco selling season officially opened yesterday with the Government calling for transparency among actors in the industry to eliminate farmer deprivation by middlemen while enhancing fairness and sustainability …

Monthly turnover for February on the Zimbabwe Stock Exchange more than doubled to $24 billion from $11 billion in January 2023 despite two firms, Axia and Innscor, delisting from the …

Zimbabwe’s raw milk production increased by 10,13 percent in January 2023 to 8,14 million litres compared to 7,39 million litres achieved in the same period last year, latest official statistics …

During the latter part of 2022, the country’s two largest supermarket groups – Shoprite and Pick n Pay – spent a combined R906 million on diesel for generators at stores. …

Asian equities tumbled, Treasury yields pushed higher and the dollar extended gains as hawkish rhetoric from Federal Reserve Chair Jerome Powell hurt global appetite for risk taking. A gauge of …

Fastjet receives new aircraft for domestic flights. The Embraer 120 aircraft will be used to operate domestic flights from Harare to Kariba and Hwange National Park. Both the Harare to Hwange …

Fresh details on BancABC boss drama resignation. Former BancABC Zimbabwe managing director Lance Mambondiani allegedly violated policies relating to the procurement of vendors where prices are said to have been …

ZESA increases electricity tariffs with immediate effective. The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has increased electricity tariffs with effect from 1 March 2023. In a notice seen by …