Irrigation water rationing looms
Business Writer Government says farmers will face water rationing for irrigation during the upcoming summer season due to depleted dams caused by last year’s El Niño-induced drought. Irrigation will be…
Over 300 milling companies issued import permits
The Zimbabwe government has issued permits to 313 companies in the milling business to import 3.8 million tonnes of maize to ensure food sufficiency in the country, a Cabinet Minister…
Stanbic donates autoclaves worth $80 000.00 to four health institutions
Business Writer Leading financial services institution, Stanbic Bank, has donated autoclaves worth a combined US$80 000 to four health facilities throughout the country for the sterilisation of vital equipment and…
Aura bags Starlink reseller licence
Business Writer Aura Group has officially announced its entry into the high-speed internet market in Zimbabwe as a licensed reseller of Starlink, a satellite internet service by SpaceX. SpaceX is…
Oil set for first weekly gain in a month on storm, risk-on tone
Bloomberg Oil headed for its first weekly gain in a month as storm Francine disrupted crude production, and a risk-on tone swept across wider markets ahead of expected Federal Reserve…
Zambian copper mines desperate for power find an unlikely saviour
Bloomberg Zambia’s biggest mines are turning to a surprising power source as the copper-producing nation battles an unprecedented energy crisis: South African electricity company Eskom, which until March faced its…
China woos global drugmakers with promise of swift approvals
Bloomberg China is wooing global pharmaceutical giants with the pledge of faster approvals for innovative medicines and local production, as Beijing seeks to open its healthcare sector wider amid US…
Gold hits successive record highs ahead of expected Fed rate cut
Bloomberg Gold rose to a record high, building on a surge of nearly 2 percent on Thursday, as the dollar extended declines ahead of a widely expected Federal Reserve rate…
Experienced duo takes charge at GB Holdings
Francis Gakanje Listed conveyor belts manufacturer, General Beltings Holdings Limited has appointed Tichaona Mabeza as its chairman and Joseph Gunda as the group managing director. In a notice, the firm…
Trade balances in China, US largely driven by domestic macro forces
China’s widening trade surplus and the growing US trade deficit since the pandemic have renewed concerns about global imbalances and fueled an intense debate on their causes and consequences, write…











