Oil futures down 18 percent

New York. – Even good news can do little to dispel the prevailing pessimism in the oil market. Hedge funds paused a swift increase last month in wagers on declining…

NSSA raises minimum monthly pension pay-out

The National Social Security Authority (NSSA) said it will be increasing the minimum monthly pension pay-out to $80 from $60 per month starting from October this year. The development however,…

Barclays on hiring spree

Barclays Plc is on a hiring spree to boost its investment banking and market operations in Japan, one year after it shut its cash equity business and cut 120 jobs.…

‘SEZs to attract $10bn foreign investments’

ZIMBABWE’S special economic zones will attract foreign investments worth $10 billion in the next 2 years, the newly appointed SEZ board chairman Dr Gideon Gono has said. In an interview…

Zim targets increase in milk production

Zimbabwe is targeting to increase annual milk output by 515 percent to 400 million litres in 2020, an official has said. Last year, the country’s milk output stood at 65…

Banks’ net profit increases 30 percent

Zimbabwean banks’ aggregate net profit for the quarter to March rose 30 percent to $50 million compared to $38,55 million recorded in the corresponding quarter last year as cost containment…

Fertiliser industry requires $120m for raw materials

Zimbabwe’s fertiliser industry requires over $120 million in foreign currency for the importation of raw materials used in the manufacture of compound and top dressing fertilisers for the forthcoming summer…

Researchers, trade experts implore Comesa

Researchers and trade experts have implored the Common Market for Eastern and Southern Africa to integrate policy research into the institutional structure and budgeting of the Secretariat to make it…

Expectations from national credit reference system

The going live of the central credit registry system is a big milestone for the financial services sector in Zimbabwe since the introduction of the multi-currency system. It is a…

Things you can do to avoid a ransom attack

Last week, another wave of ransomware attacks affected quite a number of local businesses and organisations. The biggest casualty of the latest attacks was a local university. All their emails…

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