Central Bank to move in on errant businesses
Golden Sibanda THE Reserve Bank of Zimbabwe (RBZ) has warned it will request the financial intelligence units (FIU) to close bank accounts of errant entities using exchange rates detached from…
RBZ debts belong to Govt
Kudzanai Sharara The Reserve Bank of Zimbabwe has revealed that it borrowed about US$1,5 billion from external financiers in 2019 to fund critical imports such as petroleum products, electricity, grain,…
Bitcoin advances above $18 000 as it retraces record 2017 surge Vildana Hajric and Elena Popina
• Bitcoin advanced for a third session on Wednesday, edging closer to its record highs of 2017 that spurred a global mania among investors and resulted in a violent crash.…
McDonald’s to invest heavily in Chinese coffee market
SHANGHAI- McDonald’s coffee brand McCafe has announced a plan in Shanghai to invest 2.5 billion yuan (about 381.6 million U.S. dollars) in its coffee market in China in the next…
Boeing says more freighters needed to support global supply chains, e-commerce expansion
According to Boeing, world air cargo traffic will grow at 4 percent per year over the next 20 years. Asia will continue to lead the world in average annual air…
Asian traders cautious as vaccine hopes offset by virus surge
Businesswoman looking at stock exchange market display screen board in downtown financial district. Asian markets mostly rose Wednesday but investors were shifting cautiously as they weighed hopes for a virus…
Padenda banks on Dallaglio
Enacy Mapakame Crocodile breeder, Padenga Holdings Limited, is banking on its recently acquired mining operations, Dallaglio, to boost its earnings at a time the crocodilian business is affected by COVID…
Poverty line up 4.4 pc in October
Zimbabwe’s poverty datum line (PDL) for a family of five jumped 4.4 percent to $18 750 in October as the cost of living continues to go up on the back…
Rio Zim wins mining claims case
Fidelis Munyoro RIOZIM has won its long drawn out dispute against Falcon Resources over chrome mining claims in Darwendale after the Supreme Court upheld the gold mining giant’s appeal to…










