Mnangagwa Tells Banks to Lead Economic Recovery Amid Debt Clearance Efforts
By Talkmore Gandiwa/ Pride Mzarabani
President Emmerson Mnangagwa said the banking sector should play its intermediation role and provide affordable financing for re-tooling efforts and working capital.
This move aligns with the government's broader agenda to...
Choppies plans to exit Zimbabwean market
By Pride Mzarabani and Terrence Kurira
Choppies Enterprises Limited is considering selling its Zimbabwe unit due to the challenging operating environment in the country. This environment is characterized by high inflation rates, volatile exchange rates,...
Africa Must Deepen Domestic Financial Markets to Achieve SDGs
GABORONE, Botswana, (ECA) – Africa's journey towards meeting the Sustainable Development Goals (SDGs) hinges on developing effective domestic financial markets that provide affordable finance. This critical issue will take center stage at the 27th...
Africa’s Agenda at Cop29
BAKU, Azerbaijan (ECA) -The African Group of Negotiators and leaders came to COP29 with a bold call for equitable climate finance, stronger global partnerships, and urgent action to address the climate crisis. Their message...
Tiger Wheel and Tyre commissions new retreading plant
Talkmore Gandiwa/Pride Mzarabani
HARARE - Tiger Wheel and Tyre has commissioned a state-of-the-art tyre retreading plant which is set to increase production capacity to 5 000 tyres per month.
Speaking at the commissioning on Monday, Industry...
Zim executive on Time’s 100 Climate Leaders list
Farai Mabeza
HARARE - The chief executive officer of African Risk Capacity Limited (ARC Ltd), Lesley Ndlovu, a Zimbabwean, has been selected as one of Time Magazine’s 100 Most Influential Climate Leaders in Business for 2024.
ARC...
Seed Co R & D annual spend on parent seeds currently at US$10m
Talkmore Gandiwa/Pride Mzarabani
Seed Co Limited said it is spending approximately US$10 million annually on research and development work for parent seeds. The company has been investing in new technology as the company introduces drought-tolerant...
Pambili exploring Golden Valley Mine potential
HARARE —Canadian-listed Pambili Natural Resources Corporation says it is conducting a planned six-hole drilling programme at GVM with the objective of identifying a gold resource it can rapidly bring into production.
The company re-started gold...
Battle for the Streets: Tuck Shops Edge Out Zimbabwe’s Supermarkets as Economic Strains Deepen
by Kovedzayi Takawira
Harare - It's a scene of chaos and movement, with everyone eager to retreat to the places they had left in the early morning. Commuter omnibuses and pirate taxis crowd the intersection of...
NMB secures US$25m multi-product facility from Proparco
Itai Ndongwe
HARARE - NMB Bank Zimbabwe Limited has secured a multi-product facility from Proparco, which includes a USD15 million credit line, a USD5 million EURIZ portfolio guarantee, and a USD5 million trade finance guarantee,...
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US Issues Pause on Foreign Aid Funding
By staff Reporter
The United States has suspended foreign aid and new grants immediately. This decision follows an executive order by President Donald Trump, asking...
