finance

GOVERNOR of the Reserve Bank of Zimbabwe, John Magudya, says demand for foreign currency under a multi-currency system remains insatiable, but he revealed that the country has so far mopped …

THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) says tariffs are nearly entirely to blame for the country’s power shortages, which the state utility maintains are not viable.Advertisements

ECONET Wireless (Econet) says it invested US$66 million as part of its network modernisation programme in the year ended February 28, 2023.Advertisements

Turnall Holdings (Turnall) says it is finalising the procurement of a fibre-cement sheeting plant and a Glass Reinforced Plastic (GRP) pipe plant this year in a bid to expand its …

THE Famine Early Warning Systems Network (Fewsnet) sees the sustained depreciation of the Zimbabwe currency as a danger to food security for some low-income households, according to an update from …

WITH mining experiencing a downturn in the first quarter due to myriad challenges, in particular a huge power deficit in the economy, interest in new minerals such as lithium is …

THE Treasury says the complete re-dollarisation of the economy will make it difficult for local businesses to join the Africa Continental Free Trade Area (AfCFTA) and remain competitive.Advertisements

LISTED timber producer Border Timbers posted a 125 percent growth in revenue to $7,6 million for the nine months ending March 2023 driven by the consistent quality of the kiln …

VICTORIA Falls Stock Exchange (VFEX) chief executive Justin Bgoni says the foreign currency exchange denominated bourse will have a commodity exchange by the end of this year.Advertisements

AFRICAN Sun (Afsun) says it remains focused on its strategy to upscale the state of its properties through the ongoing various hotel refurbishment programmes.Advertisements