Asian shares slip as new U.S. political worries sour mood

TOKYO – Asian stocks slid on Friday as reports of more chaos in the Trump administration tested investors’ nerves, already frayed by fears that U.S. tariffs could hurt the global economy and…

Kenya’s finance minister says rate caps are “unsustainable”

NAIROBI – Caps on commercial interest rates in Kenya are unsustainable and the government plans to modify them without driving up lending rates, Finance Minister Henry Rotich said on Friday.

Tobacco farmers want forex

HARARE – Tobacco farmers are appealing to Government to be paid part of their money in foreign currency arguing that the crop they produce brings in significant forex into the…

Tussle for Telecel shares hots up

Golden Sibanda and Africa Moyo The ownership of mobile network operator Telecel Zimbabwe continues to hang in limbo amid indication a fresh and potentially bruising legal battle is now brewing…

ZimAlloys, Balasore deal collapses

Martin Kadzere The proposed acquisition of ZimAlloys’ 70 percent shareholding by Balasore Alloys of India is hanging in the balance amid revelations that the Bombay Stock Exchange listed company

Car imports drop in 2017

Livingstone Marufu Zimbabwe’s second hand car imports dropped by 10 percent to around 35 000 in 2017 due to biting cash shortages and increased customs duty. In 2016, Zimbabweans imported 42

Truworths returns to profitability

Kudzanai Sharara A reduction in mark down activities saw Truworths Limited return to profitability for the 26 weeks to 7 January 2018. The group reported a profit for the period of…

Impact of SA’s listeria outbreak on meat market

The effect of last week’s ban on the importation of cold meats from South Africa and other countries by Government after the outbreak of listeria is yet to be ascertained…

Mega tourism park for Victoria Falls

 Martin Kadzere and Tinashe Makichi Mosi Oa-Tunya Development Company, a joint venture between the Ministry of Tourism and Hospitality Industry and the Infrastructure Development Bank of Zimbabwe intends to

SecZim mulls derivatives, REITS

Tawanda Musarurwa Capital markets regulator, the Securities Exchange Commission of Zimbabwe (SecZim) is working to diversify local securities trading through the introduction of derivatives and real

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