Harare hosts forex trading seminar

The Zimbabwe is open for business mantra is opening up uncharted economic waters as evidenced by the holding of a forex trading seminar over the weekend in Harare. The seminar, a first of its kind in Zimbabwe was being facilitated by world renowned online forex trader and millionaire, Dr Ref …

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Be disciplined, innovative, African youths urged

Youths across the content have been challenged to contribute towards the realisation of a peaceful and prosperous Africa by being disciplined, innovative and developing sound leadership skills. Over 100 youths from Vitoria Falls and surrounding areas graced the one day, Future African Leaders Conference held at Chinotimba Community Hall in …

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Italy markets set for big weekly loss

LONDON. — World shares steadied and the dollar resumed its rise on Friday after a wobble caused by US President Donald Trump’s decision to cancel a summit with North Korea, though political risk put Italian markets on track for heavy weekly losses. Markets were soothed somewhat by the Pyongyang’s measured …

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Technology reduces crop damage: study

Climate Story  Jeffrey Gogo One Chipinge farmer, a Mrs Mhlanga, pointed to the discolouration in the leaves of her pineapple fruit and blamed it on Roundup, a popular herbicide made by the big US seed and chemical company, Monsanto plc. Mhlanga appeared to make light of the damage by the …

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SA probes $80m bitcoin scam

JOHANNESBURG. — South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of R1 billion ($80 million) with promises of huge returns that never materialised, police said on Friday. The fraud investigation involves a company named BTC Global, which told clients they would earn 2 percent per day, …

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NMB income rose 53 percent

Munashe Matambo Business Reporter NMB Bank Zimbabwe operating income rose 53 percent to $19,2 million for the four months to April 30, 2018 driven by growth in interest and non-interest income. Chief executive Benefit Washaya told shareholders at an annual general meeting that the bank’s net interest income and non-interest …

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Oil prices fall as OPEC, Russia weigh output boost

LONDON. — Oil prices fell below $78 a barrel on Friday as OPEC and Russia considered easing supply curbs to offset disruptions in Venezuela and an expected drop in Iranian exports. Russian Energy Minister Alexander Novak has had talks with Saudi Energy Minister Khalid al-Falih on an easing of the …

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ZimTrade, PUM strike leather industry deal

Business Reporter ZIMTRADE, in conjunction with a Netherlands-based organisation PUM, are exploring the possibility of creating a pilot project linking companies in the supply chain so as to demonstrate best business practices in the leather industry. PUM, an organisation of experts that help businesses to thrive and transform lives, is …

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Govt, cooking oil firms in talks

Livingstone Marufu Business Reporter Oil processing companies are in negotiations with Government for them to buy soya beans at import parity price of $400 per tonne in a bid to maintain the price of cooking oil and other related products at levels affordable to consumers. This comes after Government increased …

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Investment bodies to merge

Africa Moyo Business Reporter Government is working on an interim arrangement that will see departments directly involved in serving investors coming under one roof, as it emerged establishing a full-fledged Zimbabwe Investment and Development Authority (Zida) might take longer than anticipated. Zida will be mandated to facilitate investments under one …

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