Food Poverty Line up 0,8pc

Malvern Nkomo Latest statistics released by the Zimbabwe National Statistics Agency (ZimStat) for March 2023 reveal that the Food Poverty line (FPL) for an individual stood at $22 561 which…

Calls to revive Tripartite Negotiating Forum

Business Writer Zimbabwe’s largest labor unions have sought an audience with President Mnangagwa in a fresh bid to revive the Tripartite Negotiating Forum (TNF), an official said.  The TNF, a…

Yen is Wall Street’s favourite trade

Bloomberg The yen is making a comeback as a preferred foreign-exchange haven, after banking crises in the US and Switzerland hurt the dollar and franc’s standing as go-to assets for…

Investors pull US$1.6 billion from Binance after CFTC lawsuit

Reuters Investors withdrew US$1.6 billion of cryptocurrency from crypto exchange Binance since it was sued by the US CFTC on Monday, blockchain data tracker Nansen said on Wednesday. The US…

Juwi to start developing 1GW of SA projects in 2023

Bloomberg Juwi GmbH, a German renewable energy plant developer, plans to start developing 1 000 megawatts of wind, solar and so-called hybrid power plants in South Africa this year. The…

Transform Africa Summit to enhance continent’s digital transformation

Michael Tome and Malvern Nkomo ZIMBABWE is geared to host the sixth Transform Africa Summit (TAS), as the continent continues to seek ways of enhancing Africa’s digital transformation across multiple…

Masenda tipped as front runner to head Cottco

Business Writer Admire Masenda, the chairman of the Zimbabwe Textile Manufacturers Association is among the potential candidates shortlisted to assume the role of chief executive of The Cotton Company of Zimbabwe (Cottco),…

GetBucks continues delisting journey

Tapiwanashe mangwiro GetBucks Financial Services which is currently in negotiations for US$5 million to enable the bank to meet required minimum threshold set by the Reserve Bank of Zimbabwe (RBZ)…

Experts call for waste management incentives

Tapiwanashe Mangwiro Senior Business Reporter Experts have called for authorities to increase incentives for those who invest in waste management technology and services. Plastic recycling rates remain low and stagnant…

Alibaba splits into six units that may pursue individual IPOs

Bloomberg Alibaba Group Holding plans to split its US$220 billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or initial public…

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