Avocado revolution can teach growers

There has been a revolution in the Kenyan avocado export market, characterised by enormous growth over the past three years. After remaining a relatively small exporter of avocado for a prolonged period, Kenya has now overtaken South Africa to be the leading exporter of avocado in the continent and the seventh largest in the world.

Zimplats records 2pc output increase

The country’s largest platinum producer, Zimbabwe Platinum Holdings (Zimplats), has reported a 2 percent rise to 1 707 tonnes in output for the first quarter on a quarter-to-quarter basis.

Central banks buy gold in quest for safety

Net buying by central banks reached 145,5 tonnes in the first quarter, 68 percent higher year-on-year. This is the highest volume of Q1 net purchases since 2013 (179,1 tonnes), comfortably exceeding the five-year quarterly average of 129,2 tonnes. On a rolling four-quarter basis, demand reached a record high for our data series of 715,7 tonnes.

NMB to arrange US$20m exporters’ facility

Nmb Holdings is in the process of arranging a US$20 million exporters’ facility for local companies, chief executive Benefit Washaya has said.

US to hold Boeing 737 MAX hearing

David Shepardson The US House Transportation and Infrastructure Committee will hold a May 15 hearing on the grounded Boeing 737 MAX and the Federal Aviation Administration’s (FAA) aircraft certification programme,…

World Bank approves $250m loan to Kenya

Omar Mohammed The World Bank approved a $250 million loan to Kenya to help with affordable housing in the East African nation, where many would-be home owners struggle to obtain…

Bitcoin gained in April

Bitcoin prices rose in April, marking the third straight month of gains.

Shona sculpture highly valued beyond Zim

In recent decades Zimbabwe has become globally recognised for its arts and sculpture and it is one of the African countries that stands firm in appreciating its culture.

Mobile data prices up

It is not every day that you see an industry regulator defending the prices of products and services offered by industry players that it regulates.

Family business bubbles

Business bubbles (the rapid rise and sudden fall in values of business assets) have been a constant thorn in the necks of the capitalist economies since the advent of the secondary markets such as stock markets and other derivatives markets.

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