USD inflation soars in January, raising concerns

Business Writer January 2025 witnessed a sharp surge in USD inflation, with the month-on-month rate skyrocketing to 11.5 percent, a significant jump from the previous month’s 0.6 percent. This rapid…

Afreximbank launches Hub to connect African researchers with industry

Regional Business Writer  The Intra-African Trade Fair (IATF) is set to become a key platform for fostering innovation and connecting African researchers with the industry, according to Mrs. Kanayo Awani,…

DeepSeek’s sudden fame strains its systems and draws attacks

Bloomberg Talk of an artificial-intelligence upstart in China behind a formidable ChatGPT rival had been building for days. At the World Economic Forum in Davos last week, some mentioned Hangzhou-based…

Government committed to addressing challenges facing citizens

The Zimbabwe Revenue Authority (ZIMRA) has significantly improved its risk management and fraud detection capabilities through the extensive use of technologies such as drones, leading to a notable increase in revenue…

Treger invests US$4,5 m in retooling as it angles for growth

Nqobile Bhebhe Treger Group of Companies in Bulawayo has invested over US$4.5 million in retooling, aiming to once again become a leading regional manufacturer. Despite recent operational challenges, the company…

Edgars’ Carousel angles to produce over 100 000 units monthly

Carousel workers in Bulawayo  Nqobile Bhebhe Edgars Group’s manufacturing division, Carousel, is aiming to exceed production levels of 100,000 units per month, a milestone last achieved in 1999, as its…

Equity markets record weekly losses on subdued activity

Tapiwanashe Mangwiro The Zimbabwe Stock Exchange (ZSE) faced a challenging week, with the All-Share Index declining by 0,93 percent to close at 206.01 points. Out of the 24 counters, only…

“Trade agreements key to unlock export potential”

Business Writer The private sector has rallied behind an export-led industrialisation initiative emphasising the strategic importance of optimising existing trade agreements, particularly within the SADC region. Recent discussions in Harare…

ZSE in mixed performance on Thursday as CBZ emerged top performer

Business Writer The Zimbabwe Stock Exchange (ZSE) experienced mixed performance on January 23, 2025, (Thursday) as the ZSE All Share Index rose by 0,40 percent to close at 205.79 points.…

Taxpayers pick up the tab of CBZ loan defaults

Business Writer Zimbabwean taxpayers are bearing the cost of defaulted agricultural loans extended by CBZ Agro Yield, after a significant number of farmers failed to repay the Government – guaranteed…

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