Fungura appointed ZB Group CEO

ZB Financial Holdings Limited has appointed Shepherd Fungura as the newGroup Chief Executive Officer of ZB with effect from 1 August 2021. Fungura who was working with Raknok Enterprises (Pvt)…

Shares slide after China brands online games ‘electronic drugs’

Shares in two of China’s biggest online gaming firms have slipped after a state media outlet called them “electronic drugs”. Tencent and NetEase shares fell more than 10% in early…

US$4.99 tobacco price cap removed

By ZBC Reporter THE Tobacco Industry and Marketing Board (TIMB) has finally resolved to review the long-standing price cap of the golden leaf sold through the auction system, in a…

Alliance Business Association of South Africa speaks on investing in Zimbabwe

By ZBC Reporter SOUTH Africa’s Alliance Business Association is convinced that the time to invest in Zimbabwe has come given the vast investment opportunities across all sectors of the economy.…

Government gives national project status to Expo 2020 Dubai

By Davison Vandira The country has stepped up preparations for the Expo 2020 Dubai by granting the event national project status that will market Zimbabwe to more than 190 countries…

Ran Mine reopening set for next month

By Tapiwa Machemedze Bindura’s Ran Mine is set to be reopened next month, in a move expected to boost gold mining revenue and generate employment. Installation of power, water, road infrastructure…

Manufacturing industry dominates mergers in the first half of the year

By Stanley James More than 40 percent of mergers approved by the Competition and Tariff Commission (CTC) since January this year are in the manufacturing industry as firms target increasing…

CAAZ appoints new Director General

By ZBC Reporter The Civil Aviation Authority of Zimbabwe (CAAZ) has appointed Dr Engineer Elijah Chingosho as the new Director General with effect from August 1. “Dr Eng Elijah Chingosho…

Oil slips on worries of a China slowdown, jump in OPEC output

Oil prices fell on Monday on worries over China’s economy after a survey showed growth in factory activity slipped sharply in the world’s second-largest oil consumer, with concerns compounded by…

Banking giant HSBC sees first half profit more than double

Profits at banking giant HSBC more than doubled in the first half of the year as it benefited from an economic rebound in Britain and Hong Kong. Europe’s biggest bank…