daniel chigunwe
- businessweekly
- September 4, 2024
- 59 views
Iron ore slides closer to US$90 with China’s steel demand at risk
Bloomberg Iron ore sank closer to its lowest since 2022 as the steelmaking material extended a selloff on fears for China’s crisis-wracked steel industry. Futures in Singapore fell 1.7 percent…
- businessweekly
- September 4, 2024
- 76 views
Afsun to dispose of two hotels to raise capital for refurbishments
Nelson Gahadza Hotel group African Sun Limited (ASUN) is disposing of two of its hotels, the Great Zimbabwe Hotel, located in Masvingo, for US$4,445 million and the Beitbridge Express Hotel…
- businessweekly
- September 4, 2024
- 207 views
ZETDC mandates VAT Number on electricity bills amid ZIMRA system upgrade
Tapiwanashe Mangwiro The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has announced a new directive requiring all Value Added Tax (VAT) registered customers to include their VAT Number and Taxpayer…
- businessweekly
- September 3, 2024
- 104 views
IDBZ records ZiG64.9 million loss, Sakala outlines capitalization plans
Tapiwanashe Mangwiro The Infrastructure Development Bank of Zimbabwe (IDBZ) faced significant challenges during the first half to Juneb 30, 2024, as it recorded an operating loss and failed to capitalise due…
- businessweekly
- September 3, 2024
- 159 views
Chinwada takes over as TBCZ president amidst growing sector
Oliver Kazunga THE Tourism Business Council of Zimbabwe (TBCZ) has announced the election of Mr Clive Chinwada as the council’s president. He takes over from Mr Wengayi Nhau who led…
- businessweekly
- September 3, 2024
- 91 views
Investors can’t get enough of South African local currency bonds
Bloomberg South African bonds have already outpaced global peers, delivering double-digit returns and outperforming every other emerging market this year. But the real gains may just be starting. Investors are…
- businessweekly
- September 3, 2024
- 79 views
Nigeria’s giant Dangote oil refinery starting to make gasoline
Bloomberg Africa’s largest oil refinery is on the brink of producing significant volumes of gasoline, a landmark moment with the potential to transform the global market for the fuel. Nigeria’s…
- businessweekly
- September 2, 2024
- 70 views
OK Zim seeks closer cooperation with monetary authorities on forex
Business Writer OK Zimbabwe Limited has expressed its commitment to working closely with monetary authorities to improve the availability of foreign exchange on the formal market. According to the grocery retailer…
- businessweekly
- September 2, 2024
- 78 views
Foundry sector sees 50pc increase in local product consumption
Oliver Kazunga Senior Business Reporter CONSUMPTION of locally-manufactured products from the domestic foundry sector has increased by 50 percent underpinned by improved activity in the mining industry. The surge in…
- businessweekly
- September 2, 2024
- 141 views
Tigere REIT rides high on robust property market, announces Q2 dividend
Tapiwanashe Mangwiro Tigere Real Estate Investment Trust (REIT) has maintained a resilient performance in the first half of 2024, driven by a buoyant property market and strategic management. The REIT’s…