Zimbabwe Capital Markets and Investment Promotion Forum takes roadshows to New York

Business Writer The Ministry of Finance, Economic Development and Investment Promotion, in partnership with the Victoria Falls Stock Exchange (VFEX) and Financial Markets Indaba (FMI), have taken the pivotal investment…

Power surge in Zimbabwe as Hwange units lead the charge

Tapiwanashe Mangwiro During the first quarter of 2024, Zimbabwe’s power generation saw a significant boost, surging 67,57 percent compared to the same period in 2023. This impressive performance is largely…

Cattle slaughters surge as farmers counter drought

Tapiwanashe Mangwiro Cattle slaughters at formal abattoirs surged in the first quarter of 2024, according to the latest report from the Reserve Bank of Zimbabwe (RBZ), as 94,062 cattle were…

How the US manipulates global markets for economic supremacy

The Conversation US president, Joe Biden, raised tariffs on Chinese-made goods sharply in May, claiming that the “Chinese government has cheated by pouring money into Chinese companies … hurting competitors…

SA Agribusiness confidence at 15-year low on drought

Bloomberg Confidence among South Africa’s agricultural businesses fell to the lowest level in almost 15 years as an El Niño-induced drought affected grain crops. A confidence index compiled by the…

Powerspeed rides residential boom, revenue up 24pc

Enacy Mapakame Powerspeed Electrical Limited says the strong activity in residential property development has created strong demand for building materials, boosting the group’s earnings. The residential property market has remained…

Zinara angles to collect US$4.6 billion this year

Business Writer The Zimbabwe National Roads Administration (ZINARA) has set a revenue target of $4,6 billion this year, according to a latest report by the authority. With $1,4 billion collected…

RBZ targeting SADC inflation bands

Tapiwanashe Mangwiro The Reserve Bank of Zimbabwe (RBZ) is angling to align its inflation rates with the Southern African Development Community (SADC) targets, as disclosed by Dr. Innocent Matshe, Deputy…

Hwange emerges as Zimbabwe’s primary electricity generator

The Hwange Thermal Power Station has emerged as the primary electricity generator for Zimbabwe, meeting a significant portion of the national grid demands. In the first quarter of this year,…

AirZim mired in Airbus aircraft ownership mystery

Business Writer The national flag career, Air Zimbabwe, finds itself embroiled in a controversy surrounding two Airbus A320 aircraft as the ownership of these planes, allegedly donated to the airline…

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