African e-commerce giant to cease delivery business

Jumia currently runs its food delivery services in Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria, and Ivory Coast. This strategic decision is part of Jumia’s efforts to concentrate on the expansion…

Uganda’s economy set to rebound in 2024

Uganda’s economy is expected to pick up in 2024, following a slowdown in 2023. According to a recent report, the country’s real GDP growth is forecasted to reach 5.8% in…

Breaking: Musician Terry Gee dies

Arts Reporter Singer cum actor Terry Gee, real name Tichaona Terrence Green, has died. His manager Edison December has confirmed the latest developement. The musician reportedly died from a cardiac…

Harare eastern suburbs, eastern part of the country suffer power cuts

Herald Correspondent Eastern suburbs of Harare and some eastern parts of the country are experiencing power shortages following heavy rains which pulled down power lines resulting in loss of power.…

Zimbabwe National Chamber of Commerce Budget Analysis

The following is an analysis of the 2024 National Budget by the Zimbabwe National Chamber of Commerce (NZCC). Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube presented the…

Should African countries defend oil/gas?

Business Writer African countries have fiercely defended the role oil and gas play across the continent albeit commitment by developed nations to phasing out fossil fuels, advocating for an anti-fossil…

Mining cadastre to be finalised next year

Tapiwanashe Mangwiro Zimbabwe has been mapping a Mining Cadastre System (Cadastre System) in order to take stock of all mines and minerals in the country and it seeks to complete…

Minister calls for help for SMES to register, manage intellectual property

A senior government official has called for assistance in the management of intellectual property (IP) for small to medium enterprises (SMS) to enable them drive innovation, collaborate and access global…

SA plans more nuclear power to ease supply crisis

moneyweb.co.za By S’thembile Cele, Bloomberg The first of the new units will likely be operational in 2032 or 2033: Department of Energy Deputy Director-General for Nuclear Zizamele Mbambo. South Africa…

New measures to pile pressure on firms’ margins

Enacy Mapakame Despite the efforts to tame economic challenges such as fiscal deficits, the recently introduced tax measures are likely to put pressure on margins for listed counters, according to…

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