Gvt sets aside $3m fund for graders

HARARE – Government has set aside $3 million for the servicing of graders countrywide as authorities move to maintain and repair rural road infrastructure.

Asian shares sag, dollar near four-month high before Fed decision

SINGAPORE – Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors count down to the U.S. Federal Reserve’s upcoming policy statement for clues on the…

Rand weakens sharply, all eyes on US Fed’s decision on rates

The rand weakened dramatically from Monday’s R12.29 to the dollar to nearly breach R12.70/$ during Tuesday’s Workers’ Day holiday.

Bourse maintains positive run in new week

HARARE – The Zimbabwe Stock Exchange’s All Share index was up by 0.45 points to close at 98.71 as the new week opened.

Pure Oils to complete margarine plant by June

Livingstone Marufu Pure Oil Industries, which manufactures ZimGold cooking oil brand, is set to complete its state of the art Baker’s fat and Margarine plant by June this year as…

Ecobank shareholders approve 30th AGM resolutions

BH24 Reporter HARARE – Ecobank Transnational Incorporated, the parent of the Ecobank Zimbabwe, saw its shareholders approve all the resolutions of the financial services firm’s 30th annual general meeting (AGM).

T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China

T-Mobile US Inc and Sprint Corp said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands…

Shadow profiles – Facebook knows about you, even if you’re not on Facebook

By Andrew Quodling Facebook’s founder and chief executive Mark Zuckerberg faced two days of grilling before US politicians this week, following concerns over how his company deals with people’s data.

Rand perks up after long weekend

The long weekend helped the rand recover from the more than R12.50 to the dollar it weakened to last week to trade at R12.31 at 7am on Monday morning.

ZITF Company wants special economic zone status

BULAWAYO – The Zimbabwe International Trade Fair Company (ZITF Company) said on Friday it will soon be approaching Government with a request to be granted a special economic zone status for its…

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