Oil on track for weekly rise amid global supply concerns

LONDON, Oil prices rose on Friday and were on track for weekly gains, supported by a prospect of a tight market due to rising gasoline consumption in the United States…

Toyota cuts June output plan again, to 800,000 vehicles

TOKYO, Japan’s Toyota Motor Corp (7203.T) on Friday cut its global production plan for June for the second time this week, reducing its planned output by about 50,000 vehicles to…

Measures to cushion economy from local and global shocks to top budget review

By Stanley James, Business Editor FISCAL policy measures to cushion the economy from the internal and global economic shocks are expected to feature in the national budget review set to…

Foreign debt remains Zimbabwe’s major drawback

By Stanley James, Business Editor WHILE the diaspora community is expected to contribute towards national development through remittances and increased investments, experts believe that foreign debt needs to be addressed…

Lafarge expands footprint in Zimbabwe

By Reuben Barwe, Chief Correspondent The conducive business operating environment which has been created by the Second Republic is achieving the desired results, with cement manufacturer Lafarge working on expanding…

‘Lafarge Cement in Zim to stay’

LAFARGE Cement says it has no intentions of leaving Zimbabwe, but is actually working on expanding it’s operations in the country. This came out when top officials from Lafarge and…

Africa urged to increase trade among member countries

By Josephine Mugiyo AS the continent continues to celebrate African liberation month, attention has been drawn to increasing intra Africa trade, which is currently below 20 percent compared to 60…

Exchange rate convergence takes effect

By Davison Vandira THE convergence of the Interbank and the Reserve Bank of Zimbabwe Auction exchange rates has been described as key towards ensuring macro-economic stability by reducing unjustified demand…

GMAZ welcomes government’s move to facilitate grain imports

By ZBC Reporter THE Grain Millers Association of Zimbabwe (GMAZ) has welcomed government’s move to facilitate grain imports to complement local supplies after the summer cropping season was affected by…

Samsung to invest $356 billion over five years in strategic sectors

SAMSUNG Group will invest 450 trillion won (US$356 billion) in the next five years to accelerate growth in semiconductors, bio-pharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea’s top…