August 1, 2024

Cassava Technologies launches its own AI business unit, Cassava AI

LONDON – DEVELOPING Markets technology systems integrator Cassava Technologies (Cassava) has announced that its AI activities will now operate as a separate business unit, Cassava AI.…

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August 1, 2024

Opinions

Mthuli mid-term statement a cocktail of hits, misses

ZIMBABWE'S mid-term fiscal policy, presented by Finance minister Mthuli Ncube last week, is a tightrope walk between stability and growth in the face of economic headwinds. (more…)

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August 1, 2024

Sport

Mbappe buys majority stake in Ligue 2 club Caen

Real Madrid’s Kylian Mbappe has completed a takeover of Ligue 2 side Caen.…

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August 1, 2024

Top Stories

Business frets over lush grey economy

FINANCE minister Mthuli Ncube’s mid-term fiscal policy statement which he presented last week has received mixed responses from key stakeholders. (more…)

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August 1, 2024

Top Stories

Mutapa Fund backs Invictus in US$10 million capital raise

Invictus Energy (Invictus) has secured the backing of Mutapa Investment Fund (Mutapa) and Mangwana Capital in its US$10 million capital raise to develop the Cabora Bassa project in Zimbabwe, considered to be one of the biggest onshore discoveries in the region. (more…)

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August 1, 2024

Sport

‘No flashbacks’ – the moment Biles was sure about gold

This was more than just a vault for Simone Biles. It was the moment she lay to rest the Olympic ghosts of three years ago.…

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August 1, 2024

Top Stories

IMTT rakes in ZiG1,2 billion

THE Zimbabwe Revenue Authority (Zimra) collected ZiG1,25 billion through the intermediated money transfer tax (IMTT) during the half year ended June 30, 2024, surpassing the set target by 41 percent driven by increased electronic-based transactions. (more…)

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August 1, 2024

National Report

Government commits to reserve accumulation strategy

THE Ministry of Finance says the de-dollarisation plan entails a reserve accumulation strategy, meant to ensure the ZiG circulating in the economy is fully backed by adequate international reserves. (more…)

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August 1, 2024

Top Stories

FDI surges 112 percent

ZIMBABWE recorded a 112 percent increase in foreign investment inflows to US$268,8 million during the half year to June 2024, from US$126,8 million recorded in the prior period, official figures show. (more…)

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August 1, 2024

Companies & Markets

Delta hamstrung by fiscal regulations

By Kudzanai Gerede Companies and Markets Editor BEVERAGES maker, Delta Corporation (Delta) felt the bite of the new fiscal measures effective at the beginning of this year in its first quarter (Q1) to June 30, 2024 after realizing a mixed volume performance during the period under review. (more…)

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August 1, 2024

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