Zimre Holdings posted a profit of US$1,69 million during the first quarter to March 31, 2025 up 203 percent above prior year driven by growth in revenue and investment income.Total income increased by 24 percent from US$16,87 million to US$20,96 million, which the group attributed to growth in insurance revenue, non-insurance income growth and positive…
ZIMBABWE’s foreign currency reserves are projected to improve, driven by ongoing economic reforms that are boosting export revenues and increased investor confidence in the ZiG currency, Afreximbank has said.However, the pan-African multilateral trade finance institution cautioned that the reserves accumulation remains fragile.According to the Reserve Bank of Zimbabwe (RBZ), foreign currency reserves backing the Zimbabwe…
ZIMBABWE’s platinum production is projected to decline by four percent to 491 000 ounces this year, from 2024’s all-time high, projections from the World Platinum Investment Council (WPIC) indicate.The WPIC said the decline is largely due to the depletion of semi-finished inventory that had supported last year’s production.It added that ongoing and widespread power disruptions…
LOCAL energy firm Evergreen Private Limited (Evergreen) is finalising financial arrangements with its banking partners in preparation for the construction of a new 100-megawatt (MW) solar power plant in Munyati, valued at US$100 million, a government official has said.Munyati Power Station, along with Harare and Bulawayo stations, is among three ageing thermal power plants set…
Henry Olonga recites the lyrics of a song he recorded when he was a Zimbabwean cricketer at the height of his career in the early 2000s and before he was…
AFRICA’S financial landscape is undergoing a profound transformation, driven by a rapid adoption of mobile financial services. This shift is not just a trend – it’s a fundamental change that…
Google is introducing a new artificial intelligence (AI) mode that more firmly embeds chatbot capabilities into its search engine, aiming to give users the experience of having a conversation with…
Microsoft Corp is adding models from Elon Musk’s xAI to its artificial intelligence marketplace. Grok 3, which Musk’s AI outfit introduced earlier this year, will be available on Microsoft’s cloud-computing…
Secretary of State Marco Rubio suggested President Donald Trump wouldn’t join a meeting of Group of 20 leaders in South Africa later this year, saying the country has been “consistently…
President Cyril Ramaphosa struck an upbeat tone before a meeting with US counterpart Donald Trump, which the South African leader hopes will repair frayed ties between the countries. Ramaphosa is…
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