Standard Bank of South Africa and Stanbic Bank Zimbabwe are the lead arrangers and lenders of the Chirundu Border Post Upgrade and Modernisation Project and have reached Financial Close for…
ZIMBABWE’S Securities and Exchange Commission (SecZim) has issued a flurry of directives to tighten the trade and regulation of secondary securities amid growing misconduct concerns, documents show. The development comes…
Stanbic Bank Zimbabwe has officially opened its Masvingo Branch, marking an important chapter in its continued efforts to make exceptional financial services more accessible to the people, enterprises and communities…
PADENGA Holdings’ (Padenga) basic earnings per share soared 217 percent to 10,28 US cents in the six months to June 30, 2026, from 3,24 US cents a year earlier supported by increased production and higher gold prices. The Victoria Falls Stock Exchange (VFEX) miner this week said it will pay its shareholders US$25,68 million in…
SOME players in Zimbabwe’s insurance industry have raised concern over delays in finalising the framework for compensating pension fund members and policyholders who lost value during the 2009 currency reforms. The concerns come as the Insurance and Pensions Commission (Ipec) is working to complete the regulatory framework needed to allow more compensation schemes to proceed.…
THE Agricultural Marketing Authority (AMA) is reviving a debt instrument to close a persistent gap in agriculture value chain financing, betting on private capital rather than state guarantees alone. The state regulator, established under the AMA Act to oversee the marketing of strategic crops including tobacco, cotton, sugar, soya beans, maize and barley, is reviving…
Oil rose as Iran said it wouldn’t soften its conditions to reopen the Strait of Hormuz after President Donald Trump rejected its proposal to do so, dashing hopes of a speedy resumption of traffic through the crucial waterway. Brent advanced to around $107 a barrel, while West Texas Intermediate climbed above $94. Tehran’s conditions are…
Rising fuel costs triggered by the Iran war are pushing up Heineken NV’s brewing costs in Asia, according to Asia-Pacific President Jacco van der Linden. “We see that coming through…
Apple has been ordered to pay $5.7bn (£4.3bn) in damages after a US jury found it had used another firm’s tech without permission. Audio firm Taction Technology claimed in 2021…
Bitcoin continued to lose momentum on Monday, cooling after a blistering rally in recent weeks, as a fresh bout of macro uncertainty weighed on risk assets. The original cryptocurrency fell…
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