EU avails funding to Zim

NewZiana/Business Weekly Zimbabwe will receive €4 million (about US$3.9 million) under the European Union’s €600 million European Development Fund for food aid, which will complement existing government food deficit mitigation…

Simbisa moves to VFEX

Business Writer Simbisa Brands Limited, is scheduled to move to the Victoria Falls Stock Exchange (VFEX) after delisting from the Zimbabwe Stock Exchange (ZSE). The firm will become the fifth…

Stanbic, Chinese firms partner for job fair

The Chamber of Chinese Enterprises in Zimbabwe and Stanbic Bank have partnered to showcase job opportunities within Chinese owned companies operating in Zimbabwe and how locals, especially the youths, can…

EXPLAINER | Why is the British pound in freefall?

As the British pound plummets in value, the US dollar is flying high. Against a tumultuous backdrop that includes the Ukraine war, soaring prices and China’s COVID lockdowns, sharp fluctuations…

RBZ maintains rates as stock market rebound continues

Business Writer At its latest meeting the Reserve Bank of Zimbabwe (RBZ)’s Monetary Policy Committee (MPC), resolved to maintain the bank policy rate and medium-term lending rate at current levels…

Fertiliser prices start falling

Business Writer WITH summer planting season approaching, fertilizer prices are easing from the records due to Russia’s war on Ukraine. Prices have been soaring since February this year after Russia…

Simbisa announces 180 projects in pipeline

Business Writer Fast food group, Simbisa Brands Limited, says it has a solid investment pipeline with 180 potential projects identified over the next two financial years. These projects are expected…

More individuals, companies invest in gold coins

Business Writer More individuals and companies have fallen in love with the recently introduced gold coins as it emerged coins worth $9 billion were sold since July this year while…

Strikes cost SA 1.6 million work days in six months – up 3 000 pc from 2021

Bloomberg South Africa’s work days lost due to strike action rose more than 30-fold in the six months through June compared with the same period a year earlier, driving up…

Starafrica corporation’s investments paying dividends

Business Writer Sugar processor, Star Africa Corporation’s capital investments into production are beginning to bear fruit as its full year performance to March 31, 2022 is showing signs of recovery.…

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