Baldmin clinches manufacturing deal in DRC

Business Reporter BALDMIN Projects has secured a deal to construct warehouses for Lulu KCC Mine in the Democratic Republic of Congo (DRC) as the company extends its footprint in the…

Mash revenue up 481 percent

Enacy Mapakame Listed property firm Mashonaland Holdings Limited’s revenue for the quarter to March 31, 2023 jumped 481 percent compared to the same period in the prior year driven by…

Masimba banks on long project pipeline

Business Reporter Construction firm Masimba Holdings says current state of infrastructure in the country presents opportunities for the Group as evidenced by a long project pipeline and increased tendering activities.…

Fed skip-a-hike strategy is sensible, risky and confusing

Bloomberg The Federal Reserve’s June meeting is shaping up to be one of the trickiest in its 15-month campaign to tame inflation: Chair Jerome Powell seems intent on skipping an…

The Swiss fall out of love with cash

Bloomberg Switzerland’s formerly cash-obsessed citizens are falling out of love with physical money. Some 36 percent of consumer transactions were settled using physical money last year, according to a Swiss…

A major showdown is brewing over what counts as a carbon credit

Bloomberg A few sentences in a note from an obscure United Nations group has ignited a firestorm in the carbon removal world. At issue is a beguilingly simple question: What…

Zim imports decline as regional power suppliers struggle

Business Writer Zimbabwe’s power imports have significantly declined, with the country importing an average of 180 MW from a potential 750 MW, official statistics show.  The Southern African nation has…

Digitisation to drive Steward Bank into the future

Enacy Mapakame Steward Bank’s net operating income for the year to February 28, 2023, increased by 1 189 percent from prior year, closing off at $324 billion, largely due to…

POSB expansion drive notches a gear up

Business Writer The People’s Own Savings Bank (POSB) opened a new Microfinance Service Centre in Mutare on Thursday to boost micro, small and medium enterprises (MSMES) access to capital. The…

Farmers assure country of adequate milk supplies

Nkosilathi Sibanda ZIMBABWE continues to increase its milk production levels with the Zimbabwe Association of Dairy Farmers assuring the market of improved supplies and completely reversing any shortages of the…

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