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Daily Archives
HOTELIER African Sun says it will go ahead with the disposal of several assets considered not essential to its future strategic focus as part of its capital raising initiatives to finance other growth areas. (more…)…
By Kudzanai Gerede Companies and Markets Editor GETBUCKS Microfinance bank (GetBucks) is working on a recapitalisation plan with its new majority shareholders to enable the institution to meet the US$5 million minimum regulatory capital threshold. (more…)…
SUPERMARKET chain Choppies Enterprises (Choppies) has confirmed receipt of a US$1,8 million lump sum payment for blocked funds from the government of Zimbabwe aimed at settling outstanding obligations to foreign shareholders and restoring confidence in the business community. (more…)…
THE country’s average hotel occupancies increased to 50 percent during the second quarter of 2024 compared to 46 percent registered in the same period last year, the latest treasury bulletin shows. (more…)…
Thomas Tuchel has been appointed England manager from 1 January 2025. The 51-year-old German, who has signed an 18-month contract, becomes the third non-British permanent manager of the men’s team after Sven-Goran Eriksson and Fabio Capello. Gareth Southgate resigned in July after England’s defeat by Spain in the Euro 2024…
By Kudzanai Gerede Companies and Markets Editor SUGAR producer Hippo Valley Estate (Hippo Valley) plans to spend US$15 million in the short-term to grow its business and return capital to shareholders, the company said at its 68th annual general meeting this week. (more…)…
THERE’S a new Harare landmark on Borrowdale Road. Resembling a space ship, the large metal and glass structure snakes along Kingsmead Road, turning left to face Borrowdale Road. Known as Lifestyle Centre, this is the most recent in a number of shopping malls springing up in and around the suburbs.…
MINING companies in the country are planning to significantly increase their investments in environmental, social, and governance (ESG) initiatives in 2025, a survey conducted by the Chamber of Mines of Zimbabwe says. (more…)…
Google has signed a deal to use small nuclear reactors to generate the vast amounts of energy needed to power its artificial intelligence (AI) data centres.…