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- businessweekly
- October 11, 2022
- 163 views
RioZim places mine under care and maintenance
Business Writer RIO Zim, the Zimbabwe Stock Exchange diversified mining company has placed Danly Gold Mine under care and maintenance after it posted heavy losses in the past 18 months. According…
- businessweekly
- October 11, 2022
- 74 views
States urged to upscale Comesa Free Trade Area utilisation
Oliver Kazunga Business Writer COUNTRIES under the Common Market for Eastern and Southern Africa (Comesa) Free Trade Area have been urged to upscale utilisation of the preferences provided under the free…
- businessweekly
- October 11, 2022
- 89 views
GB Holdings’ volumes up 22 percent
Enacy Mapakame Diversified conveyor belts supplier, General Beltings Holdings Limited’s total volumes for the half year to June 30, 2022 jumped 22 percent to 500 tonnes compared to same period…
- businessweekly
- October 11, 2022
- 82 views
Zimbabwe’s RioZim buys Namibian diamond mine to expand in Africa
Bloomberg RioZim has bought Sperrgebiet Diamond Mine in Namibia as the Zimbabwean group seeks to expand in Africa. “The group has been trying to broaden its footprint in the mining…
- businessweekly
- October 11, 2022
- 62 views
How big food aims to fill Europe’s shelves as gas crisis deepens
Bloomberg Nestle SA and its rivals spent two years grappling with pandemic-related disruptions. Now the world’s biggest food companies are bracing for the next threat: a winter with too little…
- businessweekly
- October 11, 2022
- 70 views
Stagflation or deflation?
Money Over the past two years, the world witnessed one of the fastest bear markets and the quickest subsequent recovery, thanks to the pandemic. Now, rising inflation and slow global…
- businessweekly
- October 11, 2022
- 86 views
Kenya’s new finance minister has good credentials but he can’t work miracles
The Conversation President William Ruto has nominated Njuguna Ndung’u to head Kenya’s National Treasury. A Central Bank of Kenya governor for eight years between 2007 and 2015, Ndung’u is also…
- businessweekly
- October 11, 2022
- 61 views
World Bank’s Malpass, IMF’s Georgieva see rising risks of global recession
Reuters World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva said there was a growing risk of global recession, with inflation remaining a continuing problem after…
- businessweekly
- October 11, 2022
- 59 views
Bernanke shares economics nobel prize for crisis study
Bloomberg Former Federal Reserve Chair Ben S. Bernanke and two US-based colleagues won the 2022 Nobel Prize in Economics for their research into banking and financial crises. Douglas Diamond, Philip…
- businessweekly
- October 10, 2022
- 67 views
Telecel to undergo corporate rescue
Business Writer Telecel Zimbabwe, the country’s smallest mobile phone operator, is set to go under corporate rescue, a local form of bankruptcy protection due to serious financial distress. According to…