Short-term insurers target informal sector

Nelson Gahadza, Business Writer The Insurance Council of Zimbabwe (ICZ), an association of short-term insurers, says the industry is exploring new business lines through inclusive insurance and targeting the informal…

Stanbic Bank empowers SMEs with tailored solutions

Business Writer STANBIC Bank Zimbabwe has strategically positioned itself to support Small to Medium Enterprises (SMEs) through purpose-built solutions, including its Africa-China Trade Agent Proposition, which connects local businesses with…

Markets plummet as tariff-war woes fuel exodus from US assets

Less than 24 hours after President Donald Trump backtracked on his once-in-a-century trade war to prevent a meltdown in financial markets, frantic selloffs hit US stocks, bonds and the dollar yet again as fears of a worldwide recession engulfed Wall Street.

Strong revenue growth underpins NBS’s US$2.7m core system upgrade

THE National Building Society (NBS) has reported a significant 335 percent growth in net interest income for the year ended December 31, 2024, compared to the prior year. This growth, driven by a 27 percent increase in loans against a reduced cost of funds, underpins the institution’s strategic investments, including a US$2.7 million project to upgrade its core banking system.

Short-term insurers explore new lines of business

THE Insurance Council of Zimbabwe (ICZ), an association of short-term insurers, says the industry is exploring new business lines through inclusive insurance and targeting the informal sector.

Govt reaffirms commitment to protect industry

THE Ministry of Industry and Commerce has reaffirmed its commitment to continue developing policies that promote industrial development and improve consumer welfare, key to a more conducive environment for sustained business growth.

TikTok drives ByteDance’s 29pc growth

ByteDance’s revenue jumped 29% to $155 billion in 2024, after online video phenom TikTok drove a worldwide expansion that helped offset an economic downturn back home in China.

Gold ‘best place to be’ as tariff sparks record climb

Gold rose to a record above $3 200 an ounce as concerns about the impact of tariffs on the global economy pushed investors to the haven.

Dollar emerges as latest victim of markets mayhem

The dollar has emerged as the latest victim of this week’s market turmoil as a worsening global trade war risks derailing US economic growth.

Govt reaffirms commitment to protect industry

Judith Phiri Business Reporter The Ministry of Industry and Commerce has reaffirmed its commitment to continue developing policies that promote industrial development and improve consumer welfare, key to a more…

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