Padenga shelves share buyback

Taurai Mangudhla Zimbabwe Stock Exchange (ZSE) listed crocodile skins and meat producer Padenga Holdings, has shelved a decision to buy back its own shares on account of a firming share

Zim industry requires $200m quarterly for raw materials

Martin Kadzere Zimbabwe’s industry requires about $200 million quarterly to import raw materials to operate optimally. The Confederation of Zimbabwe Industries, a lobby group representing

Bitcoin costs ‘only’ $7 000 in Zim

Business Writer The price of Bitcoin in Zimbabwe cannot be around the $13 000 mark as reported by a number of media outlets, according to Quartz.com. The digital news publication says…

Springs watered Great Zimbabwe’s people

This week we return to Great Zimbabwe but asking new questions about its available natural resources and how those influenced its development . What was the population of Great Zimbabwe?…

Inflation lower for the poor

Some people, and perhaps many readers of Business Weekly, will be surprised that annual inflation rose to “just” 2,24 percent in October, which takes into account many of those

ZSE records its biggest pull-back

Business Writer The Zimbabwe Stock Exchange recorded its biggest pull-back in more than a year yesterday as investors rushed to crystalise profits amid speculation in the wake of the

Single minded policy interventions do not work

Chris Chenga There is a theory of a multiplier effect, where policy interventions have respective levels of reverberating influence across an economy. Policy interventions can be varied. Commonly,

Energy bills will sink Bitcoin

Bitcoin’s meteoric rise is attracting a ton of attention. Is it ready for the mainstream? It may not matter whether bitcoin’s a bubble. The staggering energy costs associated with “mining”…

Manufacturers must set prices

There has been a fair amount of good economic news recently as Zimbabwean businesses start looking at their business fundamentals. First imports are continuing to fall and the gap between…

Inovate or die: African banks face compettion for the unbanked

JOHANNESBURG – “If you had asked me five years ago if we would be where we are now with digital financial services, I couldn’t have imagined it,” said Ann Miles,…

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