August 2024

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

International News

Samsung profit surge fuels plan to boost high-end memory output

Samsung Electronics reported its fastest pace of net income growth since 2010 and said it plans to double output of the high-end chips fueling the artificial intelligence boom next year. The world’s largest maker of memory and smartphones posted a six-fold surge in net income to 9.64 trillion won ($6.96…

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August 1, 2024

National Report

Hemp farmers eye carbon market

By Prisca Tshuma Staff Writer ZIMBABWEAN hemp producers have called on the government to explore the carbon market through further liberalisation of the production of industrial hemp, arguing it could drive investments in the economy.…

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August 1, 2024

Top Stories

Treasury to list securities on ZSE, VFEX

By Prisca Tshuma Staff writer FINANACE minister Mthuli Ncube has announced plans to list securities, such as green bonds social bonds, diaspora bods and debt swaps, on the Zimbabwe Stock Exchange and the Victoria Falls Stock Exchange. (more…)

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August 1, 2024

Companies & Markets

Shamva mine capitalizes on sky-high gold prices

SHAMVA Mine, a subsidiary of state-controlled Kuvimba Mining House (KMH) is riding on the soaring international gold prices to generate free cash flows to fund capital projects for expansion. (more…)

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August 1, 2024

Tuesday, 24 December 2024

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