By Jorgelina do Rosario, Bloomberg The World Bank raised its forecast for growth this year, saying the global economy has proved surprisingly shock-proof in the face of an “historic” escalation in…
Nigeria has stepped up its bid to attract Gulf capital after pitching $600 million lithium processing and gold mining projects to Saudi investors, as Africa’s largest economy accelerates efforts to…
Elon Musk said South Africa’s telecommunications ownership rules are preventing his satellite internet company, Starlink, from launching in the country, renewing debate over how Africa’s most industrialised economy balances transformation…
By Dan Roan A group of cross-party MPs have called on Fifa to consider expelling the United States from the World Cup until the country demonstrates “clear compliance with international…
ZIMBABWE’s foreign currency earnings increased by 21,8 percent to US$16,2 billion in 2025 from US$13,3 billion recorded during the comparable year, buoyed by favourable commodity prices. This is the highest performance the country has recorded, sustained by the improvement in prices of key minerals and the growth in diaspora remittances. According to the Reserve Bank…
ZIMBABWE’s foreign currency reserves surged to US$1,2 billion as of December 31, 2025, marking nearly a fourfold increase from the US$276 million held when the ZiG was introduced in April 2024. The build-up, confirmed by the Reserve Bank of Zimbabwe (RBZ), is deemed critical for the lasting stability of the country’s currency, the ZiG. The…
Oil touched the highest level since November after US President Donald Trump said he’s imposing a 25% tariff on goods from countries “doing business” with Iran after a wave of…
THE country’s short-term insurance sector has seen increased demand for specialised products such as motor, credit and bond lines, signalling a shift from overreliance on compulsory policies, a new report shows. The development marks a new phase of growth and diversity in income streams, highlighting both the resilience of traditional covers and the momentum of…
THE Insurance and Pensions Commission (Ipec) says Zimbabwe’s life assurance sector should be innovative and diversify its revenue streams outside funeral cover to ensure sustainability. In its Life Assurance Sector Report for the nine months ended September 30, 2025, Ipec said the sector’s long-standing reliance on funeral assurance products exposes it to concentration risks, resulting…
MOBILE data traffic increased by more than 10 percent in the third quarter of 2025, driven by growing demand for video streaming, according to the latest sector report from the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz). All three mobile network operators, including Econet, NetOne and Telecel, posted growth of more than 10 percent.…
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