UK economy is likely to fall further behind Euro area next year

Bloomberg Britain’s economic growth will fall further behind the euro area next year, and inflation will remain stubbornly high, according to new forecasts that paint a bleak backdrop for the…

Nigeria monthly inflation hits seven-year high on food prices

Bloomberg Nigeria’s monthly inflation rate soared to a seven-year high in June, after President Bola Tinubu scrapped fuel subsidies and allowed the currency to weaken before declaring a state of…

IDCZ to venture into sugar processing

Business Writer The Industrial Development Corporation of Zimbabwe (IDCZ) plans to invest in a sugar and ethanol project in the Lowveld area. The project aims to process sugar cane grown…

EU’s carbon border tax: new report shows Africa could lose US$25bn annually

The Conversation A new European law that imposes the first-ever carbon border tax in the world comes into force in October 2023. It will be applied gradually over the next…

Zimplow lists on VFEX as the forex bourse grows

Enacy Mapakame The Zimbabwe Stock Exchange (ZSE) says listing of Zimplow Holdings Limited on the Victoria Falls Stock Exchange (VFEX) plays into the bourse’s growth projections which should see the…

Cottco taking prudent approach on spending

Business Writer The Cotton Company of Zimbabwe (Cottco) says it is taking a prudent spending approach to avoid carryover debts, acting accounting officer Munyaradzi Chikasha said.  “We are being prudent…managing…

‘Zimbabwe lithium sector secure under global giant investors’ ownership’

Oliver Kazunga ZIMBABWE’S lithium industry is secure, taking into account that most of the projects are being undertaken by global giant investors, Mines and Mining Development Portfolio Committee chairperson Edmund…

Current FX exchange stability remains fragile – Report

Business Writer  The exchange rate stabilisation currently being witnessed in the country is only temporary, as there is still an unacceptably big premium between the official and alternative markets, a…

Business must adjust to falling prices

The continued rapid rise in the value of the Zimbabwe dollar compared to the US dollar, but the resulting very slow reduction in prices, is causing most consumers and many…

Develop a legal strategy for your business

Arthur Marara The majority of the work that I am seeking to do with this column is to demystify the law and legal practice. Even if you have dealt with…

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