Oil falls on U.S. shale output, expected stocks data
LONDON – U.S. crude inventories, but reports of a fall in Iranian oil exports helped to limit losses.
Rand steady as dollar struggles, stocks to open lower
JOHANNESBURG – South Africa’s rand inched lower early on Tuesday due to profit-taking as the dollar regained some ground after sliding on poor retail sales data.
POTRAZ to expand ICT Innovation Drive
Enacy Mapakame HARARE – The Postal and Telecommunications Regulatory Authority (POTRAZ) is considering expanding its ICT Innovation Drive as part of efforts to boost entrepreneurship in the sector and enhance…
Zim has enough sugar says ZSS
Walter Mswazie MASVINGO – The country has enough sugar stocks which can last for the next three years and people should not be forced into panic buying, neither should they…
Banks comply with RBZ directive
HARARE – Local banks have started creating separate Nostro Foreign Currency Accounts (FCAs) and Real Time Gross Settlement (RTGS) FCAs in line with a directive issued by the Central Bank…
Oil expressers supply adequate cooking oil
Munyaradzi Musiiwa MIDLANDS – Oil expressers in Zimbabwe have said they will this week supply adequate cooking oil on the market which will be sold at less than $4 per…
Japan to release $20,5m Harare-Chirundu project
Walter Muchinguri recently in Tokyo Japan The Japanese Government is set to release the $20,5 million for the rehabilitation of the 6,5 km stretch of the Harare-Chirundu highway from the…
Zim ramps up investor engagement for mining sector
Enacy Mapakame Mines and Mining Development Minister Winston Chitando said Zimbabwe is ready to engage potential international investors in the mining sector as the country looks at unlocking a billion…
Mobile money transfers have taken off in Somalia. But there are risks
Victor Odundo Owuor A recent World Bank report showed that Somalia has one of the most active mobile money markets in the world, outpacing most other countries in Africa. It’s…
Asia shares bounce after rout, Shanghai crawls higher from four-year trough
SINGAPORE – Asian shares staged a rebound on Friday to set course for their first gains in two weeks, with Shanghai managing a modest recovery from a rout that saw…











