ZIMBABWE’s annual inflation rate in local currency (ZiG) for August saw a minor deceleration, easing to 93,8 percent from 95,8 percent in July, latest data shows.According to Zimstat, on a monthly basis, ZiG inflation showed more significant progress, dropping to 0,4 percent in August from the 1,2 percent recorded in July.In contrast, prices in US…
AMALGAMATED Regional Trading Corporation (ART Corp) says discussions with potential investors to resuscitate its mothballed paper milling operations are expected to conclude by end of this year.The diversified industrial concern recently announced the decommissioning and optimisation of its tissue converting machinery in response to market overcapacity.This comes as cheaply produced imports have flooded the domestic…
ZIMBABWE’S Mutapa Investment Fund (MIF), the sovereign wealth vehicle that oversees some of the country’s most valuable state assets, has emerged as a key player in efforts to stabilise the…
RAINBOW Tourism Group (RTG) has entered the lucrative South African (SA) hospitality market following the acquisition of a US$5,6 million strategic property in Cape Town.The seven-storey commercial property is set for conversion into a hotel in the mother city, marking a major milestone for the group’s regional offensive strategy. This will ensure that the hotelier…
Targets raising US$50 million for 1 000 African-led organisations in 13 African countries LONDON, United Kingdom – RemitHope, a fintech-powered social enterprise, has showcased its vision of mobilising financial support for underfunded African-led community initiatives at the Institute of Chartered Accountants of Zimbabwe (ICAZ) Winter School and Investment Conference in the United Kingdom. Addressing over…
MASHONALAND Holdings’ rental income increased by 15 percent to US$3,1 million during the half year ended June 30, 2025 from US$2,7million due to the onboarding of snew tenants at the Pomona Commercial Centre.The group posted a one percent increase in revenue to US$3,66 million during the period under review.“The company managed to retain its tenants,…
A NEW organisation, the Institute of Social Development Practices (ISDP), is set to officially launch in October this year with a mandate to empower Zimbabwean development practitioners through partnerships with…
GOVERNMENT says it is reviewing licences and taxes in the tourism sector to lower the cost of doing business. This initiative follows a recent Cabinet decision to review levies, licences, and permits across 12 economic sectors. During a post-Cabinet briefing yesterday, Finance minister Mthuli Ncube stated that the ongoing review aims to streamline regulations and…
Lewis Hamilton left the last race of the first part of the Formula 1 season saying he was looking forward to a break – and acting like he needed one.…
US Open 2025 Venue: Flushing Meadows, New York Dates: 24 August-7 September Coverage: Live radio commentaries across 5 Live Sport and BBC Sounds, plus live text commentaries on the BBC Sport website & app…
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