41 local firms honoured for driving local procurement
Business Writer Over 40 companies, among them Zimbabwe’s largest media group, Zimpapers, were honoured for championing the local procurement agenda at the Buy Zimbabwe public procurement conference and awards held…
Zim scores high on budget transparency rankings
Business Writer Zimbabwe has improved its rankings in national budget transparency after climbing up 11 points on the ladder to settle at number 41 from 52 last year, becoming the…
US$2mln to compensate Lake Gwayi-Shangani relocations
Nqobile Bhebhe in Hwange Over US$2 million is required to finance resettlements and compensation of communities, institutions and businesses that fall within the Lake Gwayi-Shangani boundaries. The affected areas are…
UK markets brace for prolonged political uncertainty
Reuters British markets were bracing for more political uncertainty on Wednesday, with investors keen to see if the new finance minister loosens the purse strings and wondering whether Prime Minister…
IPEC, IFC launches agriculture index insurance project
Business Writer The Zimbabwe Agriculture Index Insurance project developed by the Insurance and Pensions Commission and International Finance Cooperation, which is targeted at smallholder farmers, has been launched. The project…
Afsun confirms Kingdom Hotel exit
Business Reporter LOCAL hotelier, African Sun Limited has announced that it will be leaving Kingdom at Victoria Falls Hotel after operating at the hotel since 1966. The hotel was operating…
More oil and gas expected from Muzarabani project
Business Writer INVICTUS Energy is now expecting more oil and gas from its Cabora Bassa project following a new updated independent report. The report, compiled by ERCE an independent consultancy…
SA aims to fix money laundering rules by year-end
Bloomberg The head of South Africa’s National Treasury said he is “pretty confident” the country will have addressed regulatory weaknesses in its money laundering controls by year-end, a move that…
Copper sinks to 17-month low as recession fears dominate trade
Bloomberg Copper fell to the lowest level in 17 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities. Sentiment remains sour for…
EM-Recession fears drive EM currencies to 20-month lows
Reuters Emerging market currencies sank to their lowest in 20 months on Tuesday as the dollar stood tall amid growing worries of a recession, with a surge in European gas…











