Business News | Market Trends & Financial Updates

Apple Faces Landmark Antitrust Lawsuit Over Alleged iPhone Monopoly

The US Justice Department, joined by more than a dozen states, has filed a sweeping antitrust lawsuit against Apple, accusing the tech giant of unlawfully monopolizing the smartphone market. The lawsuit, filed in the US District Court for the District of New

March 22, 2024

Business

Decline in Lake Kariba’s Water Levels Linked to El Niño, Warns Zambezi River Authority

The Zambezi River Authority (ZRA) has raised concerns over the unusual decline in water levels at Lake Kariba, a vital hydrological asset straddling Zambia and Zimbabwe. This revelation, made on Tuesday, March 19, underscores a worrying deviation from the lake’s expected behavior

March 19, 2024

Business·Zimbabwe

Rwanda-Zimbabwe Trade Soars by 50%, Boosting Economic Ties at Business Forum

In an optimistic stride towards enhancing bilateral trade relations, the Rwanda and Zimbabwe business communities have pledged to further strengthen their trade connections. This commitment follows a significant 50 percent surge in trade volume since the inception of their collaborative business engagement

March 18, 2024

AfDB Country Manager for Zimbabwe Moono Mupotola and Gerald Gore NMB Bank CEO at the signing of an agreement for a $15 m trade facility in Harare

Business

AfDB & NMB Launch $15M Zimbabwe Trade Finance Boost for SMEs & Agribusiness

Harare, Zimbabwe – The African Development Bank (AfDB) and NMB Bank Limited Zimbabwe have announced a significant $15 million Trade Finance Transaction Guarantee Facility aimed at energizing Zimbabwe’s small and medium-sized enterprises (SMEs) and agribusiness sectors. The agreement, signed on March 7,

March 17, 2024

Business

Zimbabwe’s Vice President Urges Diamond Companies to Propel Sector Growth

In a significant call to action, Vice President Constantino Chiwenga emphasised the pivotal role of diamond mining in Zimbabwe’s economic advancement. Speaking at the 9th Ordinary Meeting of the Council of Ministers of the African Diamond Producers Association (ADPA) held in Victoria

March 16, 2024

General Economy And Kwacha Banknotes As Zambia Seeks To Reverse Worlds Worst Currency Performance

Business·Zambia·Zimbabwe

Zambia’s Kwacha Leads in Africa Amid Tight Policy and Investment Drive

LUSAKA, Zambia – Zambia’s kwacha is Africa’s best performing currency against the U.S. dollar so far this year after the central bank sharply tightened monetary policy, but analysts said it would strengthen sustainably only if the country attracts more foreign investment. The

February 23, 2024

Business

Zimbabwe Plans to Stabilize Local Currency Amid Inflation Surge and Falling Dollar Value

Zimbabwe’s central bank and finance ministry are working on measures to stabilise the local currency, the central bank governor said. The Zimbabwean dollar has fallen about 40% since the start of the year, hurt by increased foreign-currency demand from civil servants being

February 11, 2024

Business·Money & Finance·Zimbabwe

ZESA’s Crackdown on Debtors for Unsettled Bills

ZESA is set to implement a nationwide campaign to terminate electricity services to numerous customers with outstanding debts exceeding US$500. Despite prior assurances that these debts would be addressed through deductions from prepaid electricity recharge tokens, the parastatal aims to recover at

February 1, 2024

Business

Confederation of Zimbabwe Retailers (CZR) Lauds President Mnangagwa Amid Economic Challenges

In a statement released by the Confederation of Zimbabwe Retailers (CZR), President Denford Mutashu has heaped lavish praise on President Emmerson Mnangagwa, describing Zimbabwe under his leadership as a paradise. The statement, while commending Mnangagwa’s visionary leadership, has raised eyebrows for its

January 16, 2024

Business

IMF Reiterates Readiness to Support Zimbabwe with Staff Monitored Program

The International Monetary Fund (IMF) has once again affirmed its willingness to assist Zimbabwe in implementing a Staff Monitored Program (SMP), a move that could pave the way for arrears clearance and debt restructuring within the country. Julie Kozak, the director of

December 10, 2023

Business - Page 3

Apple Faces Landmark Antitrust Lawsuit Over Alleged iPhone Monopoly

Decline in Lake Kariba’s Water Levels Linked to El Niño, Warns Zambezi River Authority

Rwanda-Zimbabwe Trade Soars by 50%, Boosting Economic Ties at Business Forum

AfDB & NMB Launch $15M Zimbabwe Trade Finance Boost for SMEs & Agribusiness

Zimbabwe’s Vice President Urges Diamond Companies to Propel Sector Growth

Zambia’s Kwacha Leads in Africa Amid Tight Policy and Investment Drive

Zimbabwe Plans to Stabilize Local Currency Amid Inflation Surge and Falling Dollar Value

ZESA’s Crackdown on Debtors for Unsettled Bills

Confederation of Zimbabwe Retailers (CZR) Lauds President Mnangagwa Amid Economic Challenges

IMF Reiterates Readiness to Support Zimbabwe with Staff Monitored Program

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