RBZ intervenes on bread price

Business Writer THE Reserve Bank of Zimbabwe (RBZ) says bakers are expected to reduce the price of bread following an agreement it has reached with the National Bakers Association of…

Areximbank disbursed US$2,6 billion to African projects in 2021

Tapiwanashe Mangwiro Senior Business Reporter Minister of Finance and Chairperson of the General Assembly of the African Export-Import Bank (Afreximbank), Mohamed Maait, said that the bank achieved good financial results…

South Africa’s economic activity bounces back strongly from floods

Bloomberg A gauge measuring South African economic activity bounced back strongly in May after the worst flooding in almost three decades left more than 400 people dead, damaged businesses and…

China buys $7.5bn of Russian energy with oil at record

Bloomberg China continued to snap up Russian energy products last month, including a record quantity of crude oil, lifting purchases to $7.47 billion — about $1 billion more than April…

Three Gulf, nine African sovereign funds sign deal to spur investment

Reuters Three Gulf sovereign funds signed a deal on Monday in Rabat with nine African peers to promote investment on the continent. The deal was signed by Abu Dhabi’s Investment…

Europe may shift back to coal as Russia turns down gas flows

Bloomberg Europe’s biggest Russian gas buyers were racing to find alternative fuel supplies and even looking at burning more coal to cope with reduced gas flows from Russia on Monday…

Omnia sees Africa increasing farm input support amid food security fears

Reuters Fertiliser manufacturer Omnia Holdings says African governments are increasing support for smallholder farmers amid fears that input costs, driven higher after Russia’s invasion of Ukraine, could cut crop production…

What’s driving the surge in SA’s fuel price?

The Conversation Increases in the domestic price of fuel are big news in South Africa, with the price of petrol, diesel and paraffin reaching new highs. The underlying reason for…

Mpopoma factory creates 400 jobs: small-to-medium scale enterprise eyes export market

Nqobile Bhebhe, Senior Business Reporter WHILE several established Bulawayo companies struggle to keep afloat citing numerous challenges, a small-to-medium scale furniture enterprise in Mpopoma is basking in solid growth and…

Thousands bid National Hero Bhebe farewell

Joseph Madzimure, Harare Bureau THOUSANDS of people yesterday thronged the National Heroes Acre to bid farewell to the late National Hero, Major-General (Rtd) Sydney Vulindlela Bhebe, who died last Tuesday…

×
×