Axia shareholders approve migration to VFEX

Theresa Mhazo Axia Corporation Limited shareholders have approved the planned delisting of the firm from the Zimbabwe Stock Exchange (ZSE) for relisting on the foreign currency denominated Victoria Falls Stock…

SA’s coal export snags worsen as rail shipments slump

Bloomberg Rail disruptions on the key line to Africa’s biggest coal-export terminal are intensifying, choking off more than half the fuel the facility is capable of shipping. Deliveries to Richards…

Rand hits weakest level this year

AFP, Reuters and News24 By Monday midday, the rand sank to R17.60/$ as the dollar continued to gain after a forecast-busting US jobs report fanned expectations of more Federal Reserve…

RBZ stays on course, but pressure mounts: IH

Business Writer Brokerage firm, IH Securities, says monetary policy remains on course but there is downward pressure from the impending elections pressure. IH Securities noted that the central bank has…

Liquid partners Nokia to drive regional connectivity

Enacy Mapakame Liquid Intelligent Technologies, a business of pan Africa technology group, Cassava, has partnered with Nokia to drive innovation and connectivity in the region. The announcement comes in light…

Depressed demand dents CFI volumes

Business Writer Agriculture concern, CFI Holdings Limited’s retail division- Farm and City Centre (FCC), says volumes for the year to September 30, 2022 went down 21 percent on depressed demand,…

Labour, Administrative Courts go digital

In a development expected to improve efficiency in the justice delivery, Zimbabwe’s Labour and Administrative Courts on Wednesday became digital with the filing of documents and applications at the two…

Adani loses Asia’s richest crown as stock rout deepens to $84 billion

Reuters Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as a rout in his companies deepened to $84 billion in the wake of a U.S. short-seller report,…

UK tumbles in corruption index

The UK slipped down a global corruption ranking, with watchdog Transparency International describing public trust as “worryingly low” after a string of political and public spending scandals. The group also…

Emerging markets light up green on Powell’s nod

Emerging markets lit up green as Federal Reserve Chair Jerome Powell nodded at the progress made against US inflation, adding fuel to Wall Street’s bullish outlook on developing assets. MSCI…

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