Postal and courier services decline

Business Writer The country’s postal and courier services registered a 4,6 percent decline in volumes during the fourth quarter to December 31, 2022, compared to previous quarter despite an increase…

Pension industry grapple with low confidence

Business Writer The pension industry continues to grapple with low confidence levels after hyperinflation severely eroded retirement savings in 2008, the Zimbabwe Association of Pension Funds said in its March 2023…

Africa’s energy sector needs to radically transform

The Conversation The future of Africa’s energy sector is getting increasing attention from policymakers and the private sector. As demand for energy rises, current energy systems must grow rapidly to…

Despite surging incomes, Japanese women earn 75% less than men

Bloomberg Japanese women may have doubled their income over the past 20 years, but they still earn only a quarter of what men are paid, according to government data. The…

What to watch in China’s GDP data as economy rebounds

Bloomberg China’s economy likely picked up in the first quarter as Covid Zero was abandoned, though key data this week are still expected to show some signs of unevenness that…

World gas supply shifts from shortage to glut with demand muted

Bloomberg The world is becoming awash with natural gas, pushing prices lower and creating an overabundance of the fuel in both Europe and Asia — at least for the next…

Africa faces biggest test this century as funds dry up, IMF says

Bloomberg African nations are facing their toughest economic challenges this century as desperately needed funding evaporates, the International Monetary Fund said. Rising interest rates have increased borrowing costs for sub-Saharan…

BAT records 50 pc revenue growth

Business Writer Cigarette maker, BAT Zimbabwe, recorded revenue growth of 50 percent to $24,3 billion for the year to December 31, 2022, compared to the previous year, although volumes slumped.…

Zim to start coal exports to China

Business Writer Zimbabwe is working on logistical issues to start commercial coal exports to China after conducting a trial run last year, an official said. The lack of capacity by…

Forex earnings major push for FCB’s VFEX listing

Business Writer First Capital Bank (FCB) says growth in its USD loan book and balances and plans to roll out more foreign currency-denominated products has been the major push factor…

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