FBC-StanChart US$23,9m deal named ZSE’s ‘Deal of the Year’

Tapiwanashe Mangwiro and Nelson Gahadza The acquisition of Standard Chartered Bank Zimbabwe (SCBZ) by FBC Holdings Limited (FBCH) has been named the “Deal of the Year” on the Zimbabwe Stock…

Microsoft unveils zero-water data centres to reduce AI climate impact

Microsoft Corp, trying to mitigate the climate impact of its data center building boom, is starting to roll out a new design that uses zero water to cool the facilities’…

US sees small global oil deficit in 2025

The US reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit. Global oil consumption should exceed output by 100 000 barrels…

Pambili sees gold sales rise at Golden Valley Mine

Oliver Kazunga Business Writer PAMBILI Natural Resources Corporation says its gold consolidation strategy in Zimbabwe is bearing fruit evidenced by the revenue outurn reported from gold sales achieved in the…

Global ad sales to top US$1t in 2024, thanks to digital growth

Global advertising revenue is projected to climb 9,5 percent to US$1,04 trillion this year, topping that milestone for the first time, according to a new report from ad buyer GroupM.…

All Blacks: Two World Cup winners added to New Zealand Rugby board

Former All Blacks Rugby World Cup winners David Kirk and Keven Mealamu have been ratified as two of the eight members on New Zealand Rugby’s (NZR) new board. Kirk, who…

Funding boost for Zim projects: Afreximbank and Mutapa Investment Fund partner for growth

A significant injection of up to US$50 million is set to bolster project development in Zimbabwe, thanks to a new partnership between the African Export-Import Bank (Afreximbank) and the Mutapa Investment Fund (MIF), Zimbabwe’s sovereign wealth fund.

Congo sues Apple alleging ‘pillaged’ minerals in products

Moneyweb The Democratic Republic of Congo filed lawsuits against Apple in France and Belgium. In them, it accuses the company of using minerals “pillaged” from the central African nation in…

Cassava Technologies secures $90 million for African expansion

Cassava Technologies, a leading African ICT platform, has secured a $90 million investment from a partnership between the U.S. International Development Finance Corporation (DFC), Finnfund, and Google LLC.

ART Holdings faces challenging Year amid economic headwinds

ART Holdings Limited (ART) faced a turbulent financial year ending 30 September 2024, as ongoing economic challenges impacted its strategic transformation. 

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