Lagarde says it’s likely ECB will cut rates in summer

Bloomberg  The European Central Bank is likely to cut interest rates in the summer, according to President Christine Lagarde. Interviewed at Bloomberg House in Davos by Francine Lacqua, she was…

Econet, Ecocash plot asset swap

Malvin Nkomo Econet Wireless Zimbabwe (Econet) and EcoCash Holdings Limited (EcoCash), being companies under the same control, are negotiating the transfer of some non-banking assets from EcoCash to Econet in…

Rand extends losses against strong dollar

Reuters The rand extended its losses against the US dollar early on Wednesday, as the greenback hovered near a one-month high due to lowered expectations for a March rate cut.…

New firm to distribute electricity in the country

Business Writer A local company Renewable Energy Hub has applied to the Zimbabwe Energy Regulatory Authority (ZERA) for an electricity distribution and retail license that will allow it to purchase…

Coca-Cola in Africa …

The Conversation A new book called Bottled: How Coca-Cola Became African tells the story of how the world’s most famous carbonated drink conquered the continent. It’s a tale of marketing…

Swedish firm partners with a local company, Nyembesi, in energy projects

Nelson Gahadza Sustainable Energy Solutions Sweden Holding AB (SENS) has partnered with a Zimbabwean company, Nyembesi Corporate Services Africa, to explore energy storage projects in the country. Through the partnership,…

Gunda replaces Tsuroh at the helm of GB Holdings

Business Writer GB Holdings has appointed Joseph Gunda as the acting managing director of the company with effect from January 1, 2024, replacing Wilbroad Tsuroh who retired in December 2023.…

Zim truckers, refused licence renewals in SA, head for Poland

Moneyweb Zimbabwean truckers are being denied the ability to renew their South African driver’s licences as the Zimbabwe Exemption Permit (ZEP) system winds down, with a little less than two…

CFI pushes for housing delivery but legacy issues point of bother

Enacy Mapakame ZSE-listed entity CFI Holdings Limited is pushing for housing delivery despite being saddled with unresolved legacy issues in the real estate delivery services. Part of the initiative will…

Premier African Minerals discovers more lithium rich ore

Business Writer PREMIER African Minerals, which is developing the Zulu Lithium and tantalum project in Insiza District, Matabeleland South Province, says latest assay results have shown heavy presence of spodumene.…

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