Kenya refuses Uganda access to its oil pipelines

In September, Uganda’s bid to utilise Kenya’s pipeline for fuel transportation was denied because it would displace local oil marketing businesses from utilizing the pipes, as seen in The Citizen,…

OK Zimbabwe sees lukewarm half-year volume outturn

Michael Tome  Business Reporter OK Zimbabwe Limited says its 2024 first-half volumes were significantly below the business’s breakeven point after the country’s formal retail sector experienced weak consumer demand due to…

NRZ clears $5 billion pension debts

Oliver Kazunga Senior Business Reporter THE National Railways of Zimbabwe (NRZ) has cleared its pension arrears, which had ballooned to over $5 billion, marking a crucial milestone as the State-owned…

POSB, Powertel sign strategic MoU

Michael Tome Business Reporter State enterprises, People’s Own Savings Bank (POSB) and Powertel Communications have signed a Memorandum of Understanding (MoU) for collaboration in key strategic areas, including resource mobilisation…

Companies, individuals to import five tonnes of cement, fertiliser without license

Business Writer Following the Cabinet decision to allow companies and individuals to import cement and fertiliser, the Ministry of Industry and Commerce has announced administrative arrangement of importation of the…

Zim a major supplier of clean energy technologies raw materials

Business Writer The International Energy Agency (IEA) has projected that the manufacturers of clean energy technologies will require significantly more lithium, graphite, nickel, and cobalt in 2040 than they do…

Cabinet approves Zimbabwe’s hosting of African Finance Ministers

Business Writer CABINET has approved the hosting of the 56th Session of the United Nations Economic Commission for African Ministers of Finance by Zimbabwe early next year. The country was confirmed…

Ford celebrates SA centenary with many new models

businesslive.co.za Denis Droppa Ford Motor Company celebrated its centenary this week by announcing it will build a Ford Ranger plug-in hybrid vehicle (PHEV) for export at its Silverton plant. In…

Consumers to benefit, as petroleum prices fall

Business Reporter ZIMBABWE Energy Regulatory Authority (ZERA) has announced a downward review of petroleum product prices with diesel now selling at US$1,74 per litre and blend petrol at US$1, 56…

‘No premium, no cover law to drive insurance’

Nelson Gahadza Senior Business Reporter The insurance industry says the introduction of Statutory Instrument 81 of 2023, which removed the provision of insurance on credit, will improve the industry’s liquidity…

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