finance

CBZ cautious of offshore credit

CBZ Holdings (CBZ) says it is exercising caution when seeking additional offshore credit due to prevailing high interest rates fuelling financing costs.Zimbabwe’s biggest bank by assets aims to maintain financial stability, emphasising prudence in its international borrowing strategies amid volatile global market conditions.Central banks in major global economies have been hiking interest rates in the…

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Unifreight restructure cuts energy costs

FREIGHT transporter Unifreight Africa (Unifreight) says its fuel consumption in 2024 significantly decreased, resulting in reduced costs due to strategies implemented to improve operational efficienciesHigh fuel consumption, in this case diesel and petrol, is a major cost driver for transport and logistics firms. According to the group, diesel consumption declined by 19 percent to 2,85…

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