finance

Kylian Mbappe breaks PSG scoring record

Kylian Mbappe scored a club-record 201st goal for Paris St-Germain in an entertaining 4-2 win over Nantes. He had to wait until the 92nd minute but was clinical as he turned to finish left-footed and go clear of Edinson Cavani at the top of the PSG goal list. The France forward, who turned 24 in…

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ZBFH focuses on growth

ZB FINANCIAL Holdings Group (ZBFH) recently launched a new customer service centre in Gweru as it seeks to transform its business operations, amid its bid to acquire StanChart. Our Staff Writer Mishma Chakanyuka (MC) sat down with ZBFH Group chief executive Shepherd Fungura (SF) to discuss these developments and the group’s future plans. Below are…

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Zimbabwe exports to UAE surge 23 percent

ZIMBABWE’S exports to the United Arab Emirates (UAE) rose by 23 percent to US$2,13 billion in 2022, compared to US$1,72 billion in 2021, latest data from the Zimbabwe National Statistics Agency (ZimStat) shows. According to the International Trade Centre, Dubai is the most important export hub in its region and has become the third largest…

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‘Macadamia prices to remain subdued’

PLAYERS in the macadamia nut industry say they do not expect a major recovery in prices this year as they focus on improving crop quality. This comes as the crop witnessed a decrease in prices last year due to the Covid-19 pandemic-induced lockdown in major customer countries. “I don’t expect that there will be a…

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Australia’s ‘biggest drug bust’ nets $700m of cocaine

A joint US and Australian law enforcement operation arrested an international drugs ring after intercepting 2.4 tonnes of cocaine aboard a vessel off the coast of South America that had been bound for Australia. The cocaine, linked to a Mexican drug cartel, had a street value of around A$1 billion (US$677 million), and was equivalent…

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CBZ CSR focuses on disaster recovery

CBZ Holdings (CBZ), the biggest financial services group in the country, is bidding to plough back into the community by giving people economic opportunities through the launch of its philanthropic unit, CBZ Foundations. According to the group, the programme will focus on health, education and vulnerable communities. It comes as the country has lately suffered…

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Government steps up agriculture partnerships

AGRICULTURE permanent secretary John Basera says the government plans to launch an electronic farmer-investor matchmaking platform to link farmers with potential investors, as part of its drive to promote collaboration within the sector. In a statement, Basera encouraged farmers with capacity constraints to partner with strategic joint venture investors, adding that they should approach the…

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Investors line up lithium processing plans

MINES minister Winston Chitando says Zimbabwe has already started receiving proposals for lithium processing following the country’s recent ban on exports of the raw product. Harare banned exports of the raw mineral earlier this year to maximise the nation’s benefit from the resource. “The ban has been very successful because since we put it in…

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Cafca local volumes decline 8 percent

CAFCA, Zimbabwe’s only cable manufacturer, says its local volumes declined by eight percent for the first quarter that ended December 2022, with the drop being mainly in the utilities sector and factory cash sales. In its trading update, the company said factory cash sales were down as a result of uncompetitive US dollar pricing, which…

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High prices hurt CFI fertiliser sales

CFI Holdings (CFI) says fertiliser sales were constrained by the commodity’s high prices during the ongoing 2022–2023 agricultural season. The country saw a spike in commodity prices, with farmers lamenting the rising costs as a 50kg bag of top-dressing fertiliser surged by 33 percent to US$60 from US$45 in the previous season, while the price…

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