Why nuclear energy should be part of Africa’s energy mix

Oluwole Olutola Africa has the least nuclear power of any continent in the world, with the exception of Australia where nuclear power is banned. All the largest economies in the…

MetBank avails $10m facility for smallscale miners

Munyaradzi Musiiwa MIDLANDS – Metropolitan Bank (MetBank) has availed a $10 million loan facility to small scale and artisanal miners.

UK economy will shrink without Brexit deal, IMF warns

LONDON – Britain’s economy will shrink if it leaves the European Union without a Brexit deal and it will suffer some damage whatever terms it agrees, the International Monetary Fund…

South African unions to sign 3-year wage deal with AngloGold Ashanti

JOHANNESBURG – South African union Solidarity said it will sign a three-year gold sector wage deal with AngloGold Ashanti on Monday along with Association of Mineworkers and Construction Union (AMCU),…

Old Mutual extends to Chinhoyi

BH24 Reporter CHINHOYI – Old Mutual Zimbabwe has opened their one-stop-shop branch in Chinhoyi to offer clients their main financial and banking services under the Greenzone shop brand name.

Argentina, Turkey, Indonesia – why it’s too early to speak of contagion in emerging markets

Alain Naef Turkey, Indonesia and Argentina have all seen their currencies experience huge drops in recent months. Similarly, stocks in India, South Africa, Mexico and others have taken a hit.

China says world trade system not perfect, needs reform

BEIJING – The current world trade system is not perfect and China supports reforms to it, including to the World Trade Organization, to make it fairer and more effective, Beijing’s…

Rand firmer as Turkey boosts emerging markets

JOHANNESBURG – South Africa’s rand firmed against a softer dollar early on Friday, with investor appetite towards emerging markets lifted by renewed moves by Washington and Beijing to tackle their…

NSSA finds investor for closed Beitbridge hotel

Thupeyo Muleya Beitbridge – The National Social Security Authority (NSSA) is working on a finalising an agreement with a leading hotel company that will see its Beitbridge hotel re-opening with…

Portnex cut off over $28m ZESA debt

Michael Magoronga Zimbabwe Electricity Supply Authority (ZESA) has cut off power supply to Kwekwe based ferrochrome producer, Portnex Private Limited over a bill estimated to be hovering above $28million.

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