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…

Parly probes Mana Pools oil drilling EPO

Tapiwanashe Mangwiro The Ministry of Mines and Mining Development has moved in to explain the gazetting of an Exclusive Prospecting Order (EPO) being sought to drill oil in the wildlife…

External loans to lump $150bn strain on fiscus

Golden Sibanda TREASURY will from this month add roughly $150 billion to its monthly obligations on the national budget after assuming external loan payment obligations from the Reserve Bank of…

Telecel assets now under quarantine

Business Reporter No legal action can be taken against the assets of Telecel Zimbabwe as they are now protected by the law following an application by employees to have the…

Zim to become carbon credits market giant

Martin Kadzere Zimbabwe is angling to become Africa’s regional trading hub of voluntary carbon credits through the creation of a Pan African – focused register of carbon credits to be…

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