Pound rises to one year high

LONDON-The pound rose to a one-year high against the dollar after U.K. inflation accelerated more than forecast, prompting investors to bring forward expectations for an interest-rate increase by the Bank of England next year.
Posted On 12 Sep 2017

$19 billion in emerging market debt boils down to the dollar

NEW YORK-Investors have poured $19,2 billion into local-currency emerging-market debt funds this year. That’s the fastest pace of flows since 2010, helping to drive some of the biggest returns on record.
Posted On 12 Sep 2017

Africa’s Biggest Bank Names Tshabalala as First Sole Black CEO

PRETORIA-Standard Bank Group Ltd. appointed Sim Tshabalala as sole chief executive officer, ending a dual role he shared with Ben Kruger, and making him the first black person to lead Africa’s largest lender independently.
Posted On 12 Sep 2017

ZSE market cap inches towards $9bn

BH24 Reporter BULLS continued on a rampage on the Zimbabwe Stock Exchange as the market capitalization inched towards the $9 billion mark, spurred by increased demand.
Posted On 12 Sep 2017

Macadamias to Marigolds Spark Hope for Zimbabwe Farm Reboot

HARARE-Walking through rows of macadamia trees on her farm in eastern Zimbabwe, Shalet Mutasa proudly displays a set of soil-quality results showing the fields’ conditions are improving.
Posted On 12 Sep 2017

Parly to grill insurers over accidents cover

Africa Moyo BH24 Reporter THE Insurance Council of Zimbabwe (ICZ) – which is the representative body of the short-term insurance industry – is set to be grilled by the Parliamentary Portfolio Committee on Transport and Infrastructure Development over confusion pertaining to...
Posted On 12 Sep 2017

29 000 SMEs benefitted from Works programme

Livingstone Marufu BH24 Reporter Approximately 29 000 Small to Medium Enterprises (SMEs) have benefitted from Works Programme meant to formalise small businesses in order for them to access more resources.
Posted On 12 Sep 2017