NEW: Stanbic makes China import solution service inroads

  Business Reporter   STANBIC Bank has facilitated US$400 000 worth of imported products for its clients through its African China Import Solution facility. The leading financial services institution launched…

Invictus expands footprint in Muzarabani

Business Writer Invictus Energy picked up two more exploration rights in Cabora Bassa Basin, expanding its licence footprint in the southern African country. The company has executed an agreement with…

Dube to lead accountancy institute

Enacy Mapakame The Chartered Governance and Accountancy Institute in Zimbabwe (CGAIZ) has appointed Jonathan Dube as its new president. Dube is the current head of finance and administration at the…

PURE Oil contracts sunflower farmers

Business Writer PURE Oil, the producer of Zimgold cooking oil intends to contract sunflower farmers across the country in a bid to improve the availability of its raw material. The…

Namibia raises key interest rate by most in two decades

Bloomberg Namibia’s central bank raised borrowing costs by the biggest margin in almost two decades to safeguard its currency peg with South Africa’s rand and quell inflation. The monetary policy…

Truworths (SA) expects record full year earnings

Moneyweb JSE-listed fashion retailer Truworths says it expects to report its highest full year earnings ever for the pro forma 52 weeks ended 3 July 2022. It notes the latest…

Tencent unveils first sales fall, job cuts as economy sinks

Bloomberg Tencent Holdings logged its first-ever revenue decline after its workforce shrank almost 5 percent, underscoring the extent to which China’s worsening economy is hurting its biggest corporations. The country’s…

Kganyago warns of gray list fallout

Bloomberg South Africa’s central bank governor urged authorities to take urgent action to prevent the nation being added on a global watchdog’s “gray list” of countries that aren’t doing enough…

Zim edging closer to energy self-sufficiency

Fungi Kwaramba in KINSHASA, DRC ZIMBABWE is edging closer to addressing its energy needs in the long term through the joint construction of the Batoka Gorge hydro power station with…

Prices must fall. . . as fuel costs continue to drop

Patrick Chitumba and Nqobile Bhebhe, Business Reporters BUSINESSES should progressively reduce prices of goods and services to ease the burden on consumers in line with the continued drop in fuel…

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