ECB sees scope for further consumption boom

FRANKFURT – Private consumption in the euro zone has further room to grow, likely driving economic expansion even as external headwinds multiply, the European Central Bank said in an economic…

AB InBev to build new brewery in fast-growing Mozambique

JOHANNESBURG – Anheuser-Busch InBev, the world’s biggest brewer, will start building a more than 2 million hectolitre a year brewery in Mozambique in the second half of next year, the…

Atlas Mara secures new debt facility

BH24 Reporter HARARE – Atlas Mara Limited, the parent company of BancABC Zimbabwe, yesterday announced that it had reached agreement in principle for a $40 million debt facility.

Govt targets 1,8m households on Presidential Inputs Scheme

BH24 Reporter Government is targeting 1, 8 million household for the Presidential Inputs Scheme for maize and sorghum and 400 000 for cotton in the 2018/19 agricultural season.

Steelmakers Ltd on expansion drive

Michael Magoronga KWEKWE – Redcliff based steel manufacturer, Steelmakers has embarked on a 3-year expansion programme that will see the company set up a coal mining plant in Chiredzi.

Monzo, Revolut and other challenger banks are shaking up the industry

Pinar Ozcan , Dize Dinçkol  & Markos Zachariadis Digital technology has transformed the established ways of doing business across industries – and banking is no exception. New start-ups are challenging…

Rebound in Chinese shares, solid U.S. earnings support Asia

TOKYO – A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome relief for investors grappling…

Rand firmer in early trade

JOHANNESBURG – South Africa’s rand firmed early on Tuesday, gaining back some of the ground lost in the previous session after emerging markets were knocked by a retreat in risk demand…

Fastjet to extend route network

BH24 Reporter HARARE – Budget airliner Fastjet, which recently launched daily flights between Harare and Bulawayo in Zimbabwe, has announced further plans to expand it route network.

Harare CDB to get new hotel

BH24 Reporter HARARE – Zimbabwe’s capital city is set for a major face lift, in view of plans by a yet unnamed developer to construct a multi-use complex in Harare’s…

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