Stanbic reports impressive results for year ending December 31 2022

Own Correspondent Stanbic Bank Zimbabwe shrugged off the prevailing economic environment to post a $49.9 billion inflation adjusted profit after tax for the year ended 31 December 2022, up by…

Zimpapers revenue bulks 61pc

Business Writer Zimbabwe’s largest media group, Zimpapers Limited, grew its revenue 61 percent to $18,6 billion for the year ended December 31, 2022 compared to $11,6 billion reported prior year,…

Khaya Cement names CEO 

Business Writer Lafarge Cement Zimbabwe Limited has appointed Innocent Zulu Chikwata as substantive chief executive officer (CEO) following his acting stint which was effective from December 1, 2022 replacing Goeffrey…

Huawei reports huge drop in profits, CEO’s daughter appointed chair

news24.com Huawei posted a massive drop in 2022 profits on Friday, as the company battered by US sanctions appointed its CEO’s daughter to be its rotating chair. A leading supplier…

Rugby World Cup Watch: Players who impressed at the weekend

It was a big weekend in Europe, where titles were on the line in both the men’s Six Nations and Rugby Europe Championship. On Saturday, Ireland beat 14-player England in…

Illegal lithium mining: Poser for Zimbabwe

Golden Sibanda The spontaneous manner in which lithium is being informally discovered in many parts of Zimbabwe has made it difficult for the Government to stem illegality in the way…

Rapid power upgrade will impact tariffs

The synchronisation of the new Hwange Unit 7 this week so it has started feeding power to the national grid, with the similar work on Unit 8 imminent, will help…

Zim heads for another painful currency cycle

Business Writer The level of dollarisation has reached its zenith – according to some economists who predict that from September this year the Zimbabwe dollar will start dominating transactions. This…

‘Inhibiting policies to weigh on operating environment’

Nelson Gahadza Old Mutual Investment Group Zimbabwe (OMIGZIM), has said an increasingly fragile political environment and the associated threat of business inhibiting policy weighs on the pre-election outlook. Zimbabwe is…

Germany holding up Europe’s ban on combustion engines

Andreas Kluth We all want to reduce emissions of greenhouse gases. And hardly anybody is as enthusiastic in that quest as the European Union and, within it, Germany. The EU…

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