Plans in place to introduce netball Division 2 league

Innocent Kurira, Sports Reporter ACTING Zimbabwe Netball Association (Zina) Bulawayo province chairperson Joseph Nkomazana says plans for the introduction of a Division Two league in the city are on course…

African banking after the crisis

New analysis by McKinsey suggests that the COVID-19 crisis could result in African banking revenues falling by 23 to 33 percent between 2019 and 2021. Over the same period, African…

ZSE suspended Seedco, Old Mutual await way forward

Harare Bureau SEEDCO International is awaiting further details from the Zimbabwe Stock Exchange and other regulatory authorities with regards its suspension from trading on the local stock market, chief executive…

Nigeria in $1.5 bln oil prepay deal with traders Vitol, Matrix

LAGOS/LONDON (Reuters) – Nigeria’s state oil firm NNPC has signed a $1.5 billion prepayment deal led by Standard Chartered and backed by oil traders Vitol Group and Matrix Energy, two…

McDonald’s sales tumbled 30% last quarter, but it’s optimistic about a turnaround

McDonald’s is having a rough year, as shown in another dismal quarterly earnings report — but there are signs of recent improvement. Total sales sank 30% in the second quarter…

‘Lack of support stifling local music’

Joel Tsvakwi, Showbiz Correspondent Artiste, Kgosietsile Nzima known as 5iver has lamented the lack of support from locals saying it is stifling the local music industry’s growth. The multi-genre musician…

Man kills friend over beer

Sukulwenkosi Dube-Matutu, Gwanda Correspondent A 22-YEAR-OLD Filabusi man has been arrested after he allegedly fatally stabbed his friend for drinking his beer without permission. Thulani Hlongwane of Gangabeza was not…

DBSA says loans this year likely to exceed $818mn target

The Development Bank of Southern Africa expects to lend as much as R16 billion ($970 million) this year, even as some clients put off infrastructure spending amid the fallout from…

Starbucks says business ‘steadily recovering’ as stores reopen

London – Starbucks Corp’s (SBUX.O) business is “steadily recovering” worldwide as most of the coffee chain’s stores have reopened with the easing of coronavirus-led restrictions, it said on Tuesday. Shares…

‘IMF loan speculation urban legend’

SOUTH Africa’s Minister of Finance Tito Mboweni used his appearance during a virtual parliamentary plenary on Wednesday to quash speculation regarding the $4.3-billion International Monetary Fund loan and its implications…

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