aurora
- businessweekly
- January 11, 2022
- 72 views
China moves to give state firms more power: Evergrande update
There’s growing evidence that China is encouraging state-owned property developers to take market share from stressed rivals to limit the spread of contagion from the debt-stricken industry. Officials in…
- businessweekly
- January 11, 2022
- 58 views
Bitcoin is off to its worst annual start since the dawn of crypto
Bitcoin fell for the fifth time in six days, putting it on pace for its worst start to a year since the earliest days of the digital alternative to money.…
- businessweekly
- January 7, 2022
- 178 views
580 companies on blocked funds list
Zimbabwe’s biggest financial institution, CBZ Bank, is the most exposed (with US$414 million) out of 580 companies with funds that could not be repatriated from the country — commonly known as blocked funds — latest official figures show.
- businessweekly
- January 7, 2022
- 70 views
Forex deposits hit US$1,85bn
Zimbabwe’s foreign currency deposits bulked to more than US$1,85 billion by end of October 2021, latest figures from the Reserve Bank of Zimbabwe (RBZ) show.
- businessweekly
- January 7, 2022
- 97 views
Aussie firm on track for Zim oil, gas drilling
AUSTRALIA Stock Exchange listed resources junior, Invictus Energy, says it is on track to commence its planned two-well oil and gas exploration drilling programme in Muzarabani in May next year.
- businessweekly
- January 7, 2022
- 65 views
‘Regional drive towards economic integration vital’
AFRICAN countries should do more to widen development benefits to be realised from each other through embracing the regional drive towards economic integration, Pan African Manufacturers Association (PAMA) interim president, Engineer Mansur Ahmed, has said.
- businessweekly
- January 7, 2022
- 36 views
Chrome ore export ban excites local players
THE steel manufacturing sector has welcomed Government’s decision to ban exportation of chrome ore saying this will assist local players to secure ferrochrome at competitive rates.
- businessweekly
- January 7, 2022
- 73 views
Current account surplus to narrow 1,4pc
Zimbabwe’s current account surplus is expected to narrow to 1,4 percent of Gross Domestic Product (GDP) in 2022 from 2,4 percent in 2021 as demand for consumer and industrial imports strengthens amid an uptick in economic activities.
- businessweekly
- January 7, 2022
- 108 views
‘Embrace local content policy to reduce imports’
The Local Content Steering Committee has called upon different sectors of the economy to embrace policies that promote domestic procurement to curb imports and assist growth of local businesses.
- businessweekly
- January 7, 2022
- 101 views
CFI pursues Langford Estates deal reversal
CFI Holdings says proceedings to reverse the Langford Estates transaction years after challenging the sale at shareholder level remains before relevant tribunals.