World Bank laments Africa’s lost decade as economic growth slows

Africa’s economic growth is being held back by regional powerhouses South Africa and Nigeria, adding to challenges alongside crippling debt costs and a recent spate of coups. Economic growth in…

Nigeria loses US$1bn to gas flaring in 2022-2023

Oil companies in Nigeria flared gas worth over US$1 billion from January 2022 to August 2023, resulting in a financial loss of N843 billion to the government, according to data…

Justice Matanda-Moyo appointed new Prosecutor-General

Blessings Chidakwa Herald Reporter Justice Loice Matanda-Moyo has been appointed the new Prosecutor-General with immediate effect leaving her role as the chair of the Zimbabwe Anti-Corruption Commission. The new PG…

Premier African Minerals resumes production at Zulu

Oliver Kazunga PREMIER African Minerals has resumed production at its Zulu lithium and tantalum mining project in Matabeleland South province following the successful installation and commissioning of a mill from…

African Sun, financiers discuss standby financing facilities

Business Writer  Hospitality and tourism group, African Sun Limited, is in talks with lenders for standby funding to spruce up the image of its hotels amid intense competition in the…

Vision 2030 achievable – Afreximbank

With concerted efforts from all stakeholders Zimbabwe can achieve its vision of becoming an upper-middle income economy by 2030, despite the challenges it faces, African Export-Import Bank vice-president, Denys Denya,…

The rising tide of sports betting in Zimbabwe

Navigating the new wave of Zimbabwean sports betting Zimbabwe’s sports betting landscape is transforming rapidly. Once a niche activity, it’s now a mainstream phenomenon, thanks to technological advancements and a…

ZHL in final phase of Emeritus consolidation

Business Writer ZIMRE Holdings Limited (ZHL) says it is working on broadening its ecosystem through group synergies and various partnerships locally and across the African continent, which is expected to…

Hippo decries informal traders, forecasts higher borrowings

Business Writer Hippo Valley Estates sugar production for the five months to August 2023, declined by 9 percent to 66,319 tonnes from 72,058 tonnes in the comparative period last year,…

Choppies margins are under pressure from shifting consumers trends

Business Writer Supermarket group, Choppies, says Zimbabwean consumers have significantly shifted to shopping at smaller stores from formal retailers because smaller outlets are able to operate with lower overhead costs. This…

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