Zimbabwe inflation rate rises to 191.6% in June, records continue to tumble
Zimbabwe's annual inflation rate accelerated to 191.6% in June, more than double the rise in consumer prices two months ago, official statistics showed on Saturday.
Business
TNM to introduce special bundles at Bushiri’s Goshen City
Malawi's pioneer mobile network and ICT service provider, TNM Plc, has signed a Memorandum of Understanding (MoU) with Goshen Trust to establish telecommunications in Goshen City of Shepherd Bushiri in Mangochi.
OPEC Fund members to invest in Malawi agriculture, health and education sectors
Energy minister Ibrahim Matola disclosed that many OPEC Fund members have expressed interest in assisting the Malawi government more in a variety of areas, including agriculture, health, and education.
IDA approves funds for Malawi emergency power restoration project
The Board of Executive Directors of the International Development Association (IDA) has approved a credit of US$36 million and a grant of US$24 million from the IDA Crisis Response Window to Malawi for the Emergency Power Restoration project.
Ferrari to convert 80% car models to electric or hybrid by 2030
Ferrari has announced plans to convert 80% of its production to fully electric or hybrid cars by 2030, marking a big shift for an iconic brand known for its powerful internal combustion engines.
Energy minister Gwede Mantashe wants SA to import cheap Russian crude oil
Mines and Energy Minister Gwede Mantashe said South Africa should look no further than Russia for cheap crude oil in order to reduce fuel costs.
WorldRemit suspends bank transfers to Zimbabwe
International money transfer and remittance services company WorldRemit has announced the suspension of bank transfers and building society transfers from their service in Zimbabwe.
Comair liquidation threatens South African tourism sector
The liquidation of Comair could be a blow to the tourism sector in South Africa according to Tourism Business Council of South Africa chief executive Tshifhiwa Tshivhengwa.
Mangudya blames greedy companies for Zim currency depreciation
RBZ governor John Mangudya has said the depreciation of local currency in recent months has been caused by companies pursuing selfish business models through excessive currency manipulation.
China remains cloud infrastructure service market leader in 2022 Q1
China remained the top growth market for spending on cloud infrastructure services in the first quarter of 2022, according to a report by technology market research firm Canalys.
