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…

Businesses challenged to embrace 63rd edition of ZITF

Business Writer The forthcoming 63rd edition of the Zimbabwe International Trade Fair in Bulawayo should be used by local businesses as a platform to grow the Zimbabwean economy as it…

IMF projects lower Zim economic growth

Business Writer Zimbabwe will record the lowest economic growth rate among southern African countries in 2023, according to the latest World Economic Outlook report by the International Monetary Fund. At…

Proper agronomic practices key to attaining national food security

Michael Tome AGRICULTURE sector stakeholders have called for the application of proper agronomic practices in order to enhance productivity per unit area on farms, as Zimbabwe’s national maize average yield…

Willdale opts out of idle property sale

Business Writer Listed brick maker, Willdale, has issued a cautionary statement advising their shareholders that the firm has abandoned its intended to dispose of certain idle assets. Company secretary, Mavuto…

All Black Sevens book place at the Paris Olympics

The New Zealand All Blacks Sevens triumphed at the HSBC Singapore Rugby Sevens, securing their fourth tournament title of the HSBC World Rugby Sevens Series 2023 and their first Series title in…

Australian cricketers reportedly targeted by Indian Premier League franchises

Australian cricketers have reportedly been approached by Indian Premier League franchises with multi-club deals worth AU$7.5 million in a move that could redefine international cricket. According to The Age, IPL…

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