Standards fund to double collections
Business Reporter THE Standards Development Fund (SDF), which falls under the purview of the Ministry of Industry and Commerce, targets to double up its revenue collection to US$15 million next…
Billionaire migration boosts Africa’s global wealth
Since the onset of the COVID-19 pandemic, billionaires worldwide have been relocating more frequently, with key destinations like Switzerland, the UAE, Singapore, and the United States drawing significant numbers. However,…
Bitcoin briefly slumps 7pc as traders hedge for pullback
Bitcoin dropped almost 7% for a short while a day after an historic surge past $100 000 led some traders to hedge for a retreat. The digital asset fell as…
Musk’s xAI wraps up US$6bn in funding
Elon Musk’s xAI has raised US$6 billion in new capital, according to a regulatory filing, wrapping up a funding round that has been in the works for months and was…
WB raises record US$100bnfor aid to the poorest nations
The World Bank received pledges to deploy a record of US$100 billion via its unit focused on low-interest loans and grants to the poorest nations. The total figure to fund…
BCC leases land for business to boost local economy
Vusumuzi Dube, Online News Editor THE City of Bulawayo has issued a tender notice inviting bids to lease different business premises throughout the city. The premises include tuck shops, kiosks,…
Hippo Valley reports 24 percent revenue increase
Judith Phiri, Business Reporter LEADING sugar producer, Hippo Valley Estates Limited has announced a 24 percent increase in revenue, attributed to a robust recovery in local market sales volumes facilitated…
VFEX market reaches record market capitalisation
Judith Phiri, Business Reporter THE Victoria Falls Stock Exchange (VFEX) has achieved a significant milestone, with its market capitalisation soaring to a record high of US$1,3 billion last month. This…
WATCH: Matobo women farmers seek alternatives amid soil erosion crisis
Judith Phiri, Business Reporter WOMEN farmers in Matobo District in Matabeleland South Province have to look for alternatives to source and supplement feed for their livestock as they grapple with…
Hotel occupancy rate at 65pc, full capacity expected by Christmas
Business Reporter HOTELS and lodges in major resort centres are “very busy”, with the occupancy rate at over 65 percent and on course to reach 100 percent during the festive…