daniel chigunwe
- businessweekly
- February 18, 2025
- 198 views
Cottco procures oil expressing plant, expects it later this year
The Cotton Company of Zimbabwe (Cottco) has procured an oil expressing plant from China and expects it in the country soon, an official has said.Cottco chief executive, Rockie Mutenha, said the…
admin
- businessweekly
- February 18, 2025
- 158 views
ECA, AfCTA sign landmark MoU
Business Writer The Economic Commission for Africa (ECA) and the African Continental Free Trade Area (AfCFTA) have signed a landmark Memorandum of Understanding (MoU) to bolster intra-African trade. The agreement,…
- businessweekly
- February 18, 2025
- 205 views
Stock markets see continued weakness amid liquidity challenges
Tapiwanashe Mangwiro The Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) remained under pressure last week, reflecting broader economic challenges and constrained liquidity. Platinum Securities’ weekly outlook…
- businessweekly
- February 18, 2025
- 1066 views
How Nyambirai bounced back at Steward Bank, taking control in EcoCash Holdings shake – up
…. Promises to employer affected bank employees Ruvarashe Gwasira Tawanda Nyambirai, the architect behind Steward Bank’s success, has engineered a remarkable return, reclaiming ownership of the institution he once built.…
- businessweekly
- January 31, 2025
- 475 views
Analyst decry formal retail closures
Business Writer THE closure of formal retail shops in Zimbabwe is of major concern, with many retailers struggling to stay afloat due to various challenges. As of January 2025, the…
leeroy
- businessweekly
- January 31, 2025
- 160 views
U.S. Aid freeze to deepen Zimbabwe’s economic woes, warns FBC Securities
Tapiwanashe Mangwiro Zimbabwe’s fragile economy faces mounting pressure following the U.S. Government’s decision to suspend foreign aid for 90 days, warns FBC Securities, a registered stockbroker on the Zimbabwe Stock…
- businessweekly
- January 31, 2025
- 410 views
Banks hike interest rates amid liquidity crunch, rising credit risk
Business Writer Businesses and consumers in Zimbabwe are facing a new wave of financial pressure as several banks have increased their lending rates to as high as 20 percent per…
- businessweekly
- January 31, 2025
- 919 views
OK Zimbabwe treading in choppy waters . . . Closes five branches
Golden Sibanda The country’s biggest retailer by store numbers, OK Zimbabwe, has plunged into choppy waters, forcing the 83-year old retail chain to immediately shutdown five outlets across the country…
- businessweekly
- January 31, 2025
- 190 views
Zimplats splashes US$460m supporting local economy
Business Writer ZIMBABWE’s giant platinum group metals (PGM) producer, Zimplats, has splashed nearly US$460 million towards supporting the domestic economy under its Local Enterprise Development (LED) programme since 2013, thereby…
- businessweekly
- January 31, 2025
- 131 views
Local demand slump casts shadow over economic recovery prospects
Tapiwanashe Mangwiro Zimbabwe’s economy continues to grapple with significant challenges as subdued demand across key sectors dampens recovery prospects. According to the latest Business Tendency Survey (BTS) by the Zimbabwe…