Exporters must take advantage of trade missions
Oliver Kazunga Senior Business Reporter ZIMTRADE has challenged local exporters to make follow ups on trade missions that the national trade development and promotion agency would have made to boost…
BNC records growth in mined nickel
Nelson Gahadza Senior Business Reporter Bindura Nickel Corporation (BNC) says tonnes of nickel mined for the year ended March 31, 2022 increased 13 percent to 463,338 from 412,605 tonnes…
Zimbabwe emergency power project nears completion
Business Reporter An Emergency Power Infrastructure Rehabilitation Project funded by ZimFund, has reached the last leg of implementation with the delivery of a 175 MVA transformer, signaling relief from constant…
Money supply gallops on exchange rate depreciation
Business Reporter Broad money (M3) stock went up by $300 billion or 45 percent between April and May 2022, latest data from the Reserve Bank of Zimbabwe shows. Finance and…
RBZ gives ZESA go ahead to charge in forex
Business Reporter The Reserve Bank of Zimbabwe has given power utility, ZESA, the green light to start charging exporters in foreign currency. Through Statutory Instrument 131 of 2022, the central…
UK recession threat is now almost 50-50 for economists
Bloomberg The risk of a UK recession in the next 12 months is now almost 50-50, according to a Bloomberg survey that underscores the darkening outlook for the economy. While…
Rand at 21-month low as dollar strength weighs
Reuters The rand weakened to a fresh 21-month low early on Tuesday, as dollar hit a two-decade high on the view that the US Federal Reserve will hike interest rates…
Microsoft cuts jobs in structural adjustment, plans more hiring
Bloomberg Microsoft cut some jobs on Monday as it realigned business groups and roles after the close of its fiscal year on June 30. It said it plans to keep…
Gold slides to 9-month low
Bloomberg Gold extended a decline as the dollar strengthened ahead of US inflation data later this week that could influence the size of the Federal Reserve’s rate hike. Bullion slid…
Fresh US inflation peak to keep Fed on aggressive rate path
Bloomberg Inflation continued to heat up in June, hitting a fresh pandemic peak that keeps the Federal Reserve geared for another big interest-rate hike later this month, economists project. The…











