Power cuts cost 6.1% of Zim’s GDP per year – WB
TweetShareSharePin0 SharesBy ETimes The World Bank (WB) estimates that power shortages are costing Zimbabwe 6.1% of its gross domestic product (GDP) annually. In its report titled Electrifying Growth Through Reliable…
Judge throws out Chishawasha villagers’ appeal
TweetShareSharePin0 SharesBy Staff Writer A HIGH court judge has struck off the roll an application by some villagers in Chishawasha seeking to stop the urbanisation process taking place in the…
The Banker magazine names Stanbic as bank of the year in Zim
TweetShareSharePin0 SharesBy ETimes Stanbic Bank has been selected 2023 Bank of the Year in Zimbabwe by world renown London-based magazine, The Banker, cementing its place as one of the country’s…
Investors gain $6.52bn as Equities inch up
TweetShareSharePin0 SharesBy ETimes Investors gained $6.52 billion last week on the floor of the Zimbabwe Stock Exchange as the selling pressure on heavily capitalised counters has not allowed the market…
Powerspeed topline up 125,72% in FY23
TweetShareSharePin0 SharesBy ETimes Powerspeed Electrical revenue increased 125.72% to $389.51 billion in the year ending 30 September 2023 from $172.56 billion in the comparative period thanks to volume growth. Like…
Mining cadastre completion this year
TweetShareSharePin0 SharesBy ETimes Zimbabwe has been mapping a Mining Cadastre System (Cadastre System) in order to take stock of all mines and minerals in the country, and it seeks to…
Equities open week with 0.02% marginal gain
TweetShareSharePin0 SharesBy ETimes The Zimbabwe Stock Exchange (ZSE) recorded a marginal gain of 0.02% on Monday, with market breadth closed at par with 5 gainers and 5 losers. Accordingly, market…
BNC H1 loss before tax widens amid softening commodity prices
TweetShareSharePin0 SharesBy ETimes Bindura Nickel Corporation posted a wider first-half loss before tax of US$8.88 million from a US$5.47 million a year earlier owing to low nickel prices. This comes…
Australian miner picks two mines for US$60 000
TweetShareSharePin0 SharesBy ETimes MetalsGrove Mining (MGA) has entered into a strategic agreement to acquire six, contiguous and highly prospective lithium-tin-tantalum claims from two mines, in what the company considers a…
Innscor Africa says trading continues to be ‘relatively solid’
TweetShareSharePin0 SharesBy ETimes Innscor Africa expects increased volume growth during the festive period, usually associated with growing demand for products, despite the challenging operating environment. “I don’t really have anything…