Bears settle on ZSE as losses dominate trading

Business Writer The stock market has now fallen for seven straight days as investors dump equities despite a spate of impressive earnings and dividend announcements from listed companies. As measured…

Padenga records 195 pc surge in volumes

Enacy Mapakame Padenga Holdings Limited, a crocodile rearing business cum gold miner’s operation at Dallaglio, recorded a 195 percent surge in volumes to 1 480 kg for the nine months…

Cotton price up 22 percent

Business Writer Following price volatility during the first half of the year, global cotton prices rallied 22 percent last week, the biggest jump since December 2012. ICE Futures US rose…

Crypto markets slump as Binance abandons FTX bailout

Reuters Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin pinned near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX. Larger rival…

Profit taking persists on ZSE

Business Writer The ZSE All Share Index was down a further 211.08 points or 1,41 percent on Wednesday to close the session at 14 734.58 points. The heavyweight stocks drove…

UK increases climate mitigation funding

Enacy Mapakame Zimbabwe and the rest of the region are expected to benefit from climate relief funds after the United Kingdom announced a significant increase in its financial support to…

ZB Holdings establishes reinsurance unit in Botswana

Nelson Gahadza ZB Financial Holdings has set up a reinsurance unit in Botswana – P&C Reinsurance – as part of the group’s strategy to expand footprint into the region and…

Green Fuel to manufacture stock feeds, supply electricity

Business Writer/NewZiana The country’s largesteEthanol producer, Green Fuel, plans to set up a plant to manufacture stock feed from bagasse, the dry pulpy fibrous material that remains after crushing sugarcane…

Dulux owner blocked from buying Plascon in SA

Compiled by Helena Wasserman The Competition Commission has blocked a deal whereby AkzoNobel, the Dutch group that owns the paint brand Dulux, wanted to buy the owner of its local…

SHAME OF OUR LIVES . . . Anger explodes among many pressure groups . . . Barbaric parents nailed over raping own kids

Ashley Mujoma PRESSURE groups have exploded in anger and condemned all forms of abuse of children following the arrest of a Macheke couple accused of raping their OWN children. The…

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