Home / Business (page 122)

Business

China’s Xiaomi set to raise $10bn on Hong Kong stock exchange

The Chinese smartphone maker Xiaomi is reportedly seeking to raise at least $10bn (£7.3bn) by floating on the Hong Kong stock exchange, in what could be one of the world’s biggest initial public offerings in years. The IPO, announced in stock exchange filings on Thursday, may be the largest since the e-commerce giant Alibaba listed in …

Read More »

Wall Street’s Big Gender Lawsuit Is 13 Years in the Making

Cristina Chen-Oster was settling into her seat for a late-March Broadway matinee of Mean Girls when she remembered to check her voicemail. The day before, she’d ignored a call from an unrecognized number. Now she hit play and heard the voice of her lawyer, Kelly Dermody: “Huge congratulations!” it said. “Really, really, …

Read More »

Rosy outlook for Mugabe firm

BY MTHANDAZO NYONI Despite being dethroned, Mugabe could be smiling all the way to the bank after all. An official with Mugabe’s Alpha Omega Dairy (Pvt) Ltd Cassim Asani told NewsDay that capacity utilisation had firmed to 89% from the 60% recorded last year after the dairy firm expanded its …

Read More »

fastjet maintains punctuality in Q1

BY BUSINESS REPORTER The airline operates in Tanzania, Zimbabwe, Mozambique, South Africa and Zambia and has taken the lead in many markets, comparing its data with on-time performance statistics published by its peers. In South Africa, fastjet’s punctuality is well ahead of two out of the country’s three low-cost airlines, …

Read More »

Air Zim to lose monopoly

BY MTHANDAZO NYONI Speaking at the commissioning of the new sewer system at the JM Nkomo International Airport last week, Transport and Infrastructure Development permanent secretary, George Mlilo, said the monopoly over Harare-Bulawayo route by Air Zimbabwe was over. “I know there has been pressure on government to allow other …

Read More »

Tobacco prices firm on floors

BY FIDELITY MHLANGA The average price during the same period last year was $2,72 per kg. Federation of Farmers Union president Wonder Chabikwa said the surge in price was due to the fear by buyers of a reduced output this year. “What I think is happening is that buyers are …

Read More »

Zim needs clear value addition strategy

Zimbabwe needs to come up with a clear beneficiation and value addition strategy that will translate to downstream and upstream economic activity. The current structural arrangement of the agriculture and mining industry which remains geared towards export of raw materials is not sustainable and not economically viable in the long …

Read More »

Standard Bank to the rescue as Zim exporters struggle

Harare – The Zimbabwean unit of Standard Bank [JSE:SBK] has come to the rescue of the country’s foreign currency-starved export market producers by availing a facility to cover up to 60% of their working capital needs. Zimbabwean manufacturers have been unable to pay for imported raw materials and equipment for …

Read More »

Zim SMEs sector promoting self-reliance

Zimbabwe’s informal sector is emerging as a key source of job creation with this year’s Workers Day commemorations bearing testimony of how the nation can reap more economic benefits from emerging entrepreneurs. The small scale entrepreneurs continue to operate and provide relevant skills, products and services that have a potential …

Read More »