Business

By Kudzanai Gerede The Victoria Falls Stock Exchange (VFEX) will soon embark on a global tour of marketing the bourse and the listed companies as part of efforts to lure foreign investors, 263Chat Business has learnt. The VFEX is a foreign currency denominated exchange located in the resort city of …

By Nyasa Times Reporter Malawi government, through the Ministry of Trade, has defended its decision to export maize, claiming the move will not affect food security of the country. Government has since started issuing maize export licences to allow the economy off-take excess stocks of maize from last year’s harvest …

Maputo — Mozambican President Filipe Nyusi laid on Thursday the foundation stone for the construction of an electricity substation and a 366 kilometre high voltage power line, running across the central province of Zambezia from Chimuara to Alto Molocue. The project, budgeted at 150 million US dollars, sponsored by the …

ANALYSISBy Olumuyiwa Asaolu Oyewusi Ibidapo-Obe, who passed away earlier this year, was the former president of the Nigeria Academy of Science. He was also a former vice-chancellor of both the University of Lagos and of Alex Ekwueme Federal University, Ndufu-Alike. He pioneered the study of stochastic methods in mechanics and the development of computer …

By Robert Tapfumaneyi ZANU PF legislator for Nyanga North, Chido Sanyatwe has been reported to both her party and the Speaker of Parliament Jacob Mudenda for allegedly mobilising hundreds of youths to drive out a gold miner, Julius Manyuchi from his claims. Sanyatwe is wife to Zimbabwe ambassador to Tanzania …

Content from our Premium PartnerAllAfrica InfoWire (Washington, DC) Cryptocurrency is one of the digital assets that is showing widespread popularity. The nature of investing is somehow similar to the traditional stocks or other currencies. It works in the same format. You buy some assets and keep them for a while. After that, …

By Dike Onwuamaeze The Financial Derivatives Company (FDC) has warned that the rising crude oil price, which could rise above $100 per barrel, may sway the federal government to jettison its economic reform agenda to diversify the nation’s revenue sources. The FDC, in its latest bi-monthly economic bulletin, stated that …

By Fadzai Ndangana Medical professionals have attributed the low uptake of Sinopharm Covid-19 vaccine among frontline health workers to social media reports that the donated Chinese doses were for experimental purposes with no data on efficacy and side effects. In an interview with 263Chat, Zimbabwe Professional Nurses Union Secretary General …

Maputo — Mozambique has become the first Southern African Development Community (SADC) country to set up a Special Unit for Airport Cargo Control, intended to strengthen the capacity to spot and seize drugs and other illicit products that may be transported through these entry posts. The unit, virtually commissioned on …

By Fidelis Munyoro Sums in accounts denominated in US dollars were legally converted to sums denominated in Zimbabwe dollars in terms of a Reserve Bank of Zimbabwe directive when the local currency was reintroduced, the Supreme Court has ruled, overturning a High Court decision last year that threatened a major …