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Mahindra Explores Vehicle Assembly Expansion in South Africa

JOHANNESBURG – Indian automaker Mahindra has signed a memorandum of understanding (MoU) with South Africa’s Industrial Development Corporation (IDC) to explore the possibility of establishing a full-scale vehicle assembly plant in the country. The agreement will facilitate a detailed feasibility study to assess

February 27, 2025

Business·Zimbabwe

Zimbabwe’s largest bank cuts 347 jobs in restructuring move

HARARE – CBZ Holdings Limited, Zimbabwe’s biggest financial services group, announced the layoff of 347 employees, representing 24 percent of its workforce, as part of a major restructuring initiative. The company confirmed the job cuts in a statement released on February 1,

February 2, 2025

Business·Zimbabwe

Mukuru Launches Secure Mobile Wallet in Zimbabwe

HARARE, ZIMBABWE– Mukuru, a leading next-generation financial services platform, has officially launched its new mobile wallet in Zimbabwe. The launch follows Mukuru’s recent award of a Deposit-Taking Microfinance Institution (DTMFI) licence by the Reserve Bank of Zimbabwe. This milestone brings enhanced digital

January 13, 2025

Mark Zuckerbergs fortune plunged US$18 billion as shares of Meta Platforms tumbled allowing Teslas Elon Musk to cement his status as the worlds third richest billionaire

America·Business

Zuckerberg’s Fortune Falls as Meta Shares Drop, Musk Climbs Billionaire Ranks

A sharp decline in Meta Platforms’ shares led to a staggering $18 billion drop in Mark Zuckerberg’s fortune. This downturn enabled Elon Musk of Tesla to secure his status as the third-wealthiest individual globally. Meta’s shares plunged by 11 percent in New

April 29, 2024

Business

Qatar Airways Launches Operations in Zimbabwe, Connecting Lusaka and Harare with 7 Weekly Flights

Qatar Airways has announced that it will begin operations in Zimbabwe on Tuesday, marking the airline’s first landing in the country. The move is part of Zimbabwe’s efforts to open its skies and attract more international airlines as part of its Second

January 17, 2023

Zimbabwe

Strive Masiyiwa retains control of Mascom Botswana’s largest mobile operator for $300 Million

Strive Masiyiwa who owns Zimbabwe’s largest telecoms company Econet, is acquiring a 53% stake in Mascom Wireless, Botswana’s largest mobile operator, for an estimated $300 million. In a statement issued by MTN on Thursday on the sidelines of releasing its 2018 financials,

March 10, 2019

Breaking News·Brexit

Bank of England has warned that Britain Faces its weakest economic growth in a decade

Bank of England has warned that Britain Faces its weakest economic growth in a decade The Bank of England announced that Britain faced its weakest economic growth in 10 years in 2019, the bank cited mounting Brexit uncertainty and the global slowdown.

February 7, 2019

Business

Despite heavy discounting Boxing Day sales ‘attracting fewer shoppers’

The number of people heading to the Boxing Day sales has fallen for the third year running despite some heavy discounting, retail analysts have said. Springboard, which examines information from UK High Street and shopping centre cameras, said average footfall up to

December 27, 2018

Breaking News·Zimbabwe

Econet now the most valued public company in Zimbabwe

HARARE- Econet Wireless is now the most valued counter on the ZSE after class A shares held by the majority shareholder EWG were integrated to the free-float ordinary shares previously recognized as the entire ordinary share capital on the ZSE. Before the

August 8, 2018

Zimbabwe

Zimbabwe Jobless generation bank on elections to deliver jobs

Young voters in Zimbabwe hope the first election without Robert Mugabe will mark a change in a country where most of them are unemployed, and say the older generation has failed to deliver them a future. Monday’s contest pits Emmerson Mnangagwa, a

July 28, 2018

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