Business

The announcement, a week ago, that Pfizer PFE.N had developed a very effective vaccine has investors hoping for similar good news soon from rival Moderna MRNA.O and looking past a tough winter to a better spring and summer ahead. Besides the virus, Brexit trade talks are chief among European investors’ …

Global stocks eyed a fresh record high on Monday as signs of economic recovery in China and Japan, recent strong corporate earnings and hopes of a Covid-19 vaccine bolstered investor sentiment. The MSCI World Index of global shares rose 0.4 percent to 608.98 points, just shy of the record high …

Zambia’s Finance Minister Bwalya Ng’andu said bondholders brought last week’s default upon themselves because they refused to sign confidentiality agreements that would have allowed him to share more information on debts from Chinese lenders.In a near hour-long interview broadcast on state television late Sunday, Ng’andu also called on the International …

– Experts warn of severe 2nd wave– Govt reassessing border opening– Headaches over economy  – Public urged not to relax By Vivian MugarisiExperts have warned that Zimbabwe could experience a resurgence in Covid-19 cases though shutting down of the economy may not be required. This comes as a number of …

The decision taken by Government to increase salaries for civil service workers will not destabilise the economy as measures have been put in place, Minister of Finance and Economic Development Professor Mthuli Ncube said this during Tuesday’s post Cabinet briefing. This was after Minister of Information, Publicity and Broadcasting Services, …

Reserve Bank of Zimbabwe Tuesday allotted a total US$31,7 million to industry, becoming the highest amount to be availed since the launch of the auction system in June this year. The auction last reached its peak of allotments in September this year after allotting US$31,6 million. A trading update released …

It was only Sunday when the ZESA tariffs were hiked by another 50% following a 50% increase that was announced in October. I think it would be an understatement to say that we are still reeling from the last ZESA tariff increase. It seems like there will be little for …

The Zimbabwe dollar eased by a marginal 0,39 percent against the US dollar in yesterday’s Reserve Bank of Zimbabwe (RBZ) foreign currency auction, with the exchange rate for US$1 shifting to $81,67 from $81,35 the previous week. But the movement, while the largest weekly shift for seven weeks, was still …

Toll fees are to be reviewed as current ones are no longer adequate for the Zimbabwe National Road Administration (Zinara) to fund required road maintenance, legislators were told yesterday. Transport and Infrastructural Development Permanent Secretary, Engineer Amos Marahwa, told Parliament’s Portfolio Committee on Transport and Infrastructural Development chaired by Shamva …

Zimbabwe’s mining industry contributed half of the US$4,8 billion export revenues generated during the third quarter ended September 30, 2020, the Reserve Bank of Zimbabwe (RBZ) has said. RBZ governor John Mangudya said mining industry export receipts rose by 14% to US$2,4 billion during the period. “I want to assure …