CBZ declares $10 million final dividend
CBZ Holdings Limited has declared a US$10 million final dividend for the year ended 31 December 2025, after the institution – Zimbabwe’s largest financial group – reported a solid performance during the year.
Invictus raises $10 million to advance oil, gas project in Zim
The $10 million will fund forward works at its Invictus’ 80 percent-owned Cabora Bassa oil and gas exploration project in northern Zimbabwe.
Oil prices rise as Iran restricts access to Strait of Hormuz, ceasefire nears expiration
Brent crude, the international benchmark, is up about 7 percent to $96.88, after settling on Friday at its lowest level since March 10 on news Iran would reopen the strait. US crude was up 7 percent to $90.33.
Tigere to acquire four commercial properties
Fund manager Brett Abrahamse said the Real Estate Investment Trust expects to finalise the purchase of four income-enhancing commercial properties this year, supported by existing pre-emptive acquisition rights.
Zim currency is deeply undervalued: Central bank governor
“It’s a function of confidence of the market in the central bank, and we’re still trying to rebuild that confidence. We had lost it and we’re trying to rebuild it,” Reserve Bank of Zimbabwe governor John Mushayavanhu said.
Who is John Ternus, the incoming CEO of Apple?
“Having spent almost my entire career at Apple, I have been lucky to have worked under Steve Jobs and to have had Tim Cook as my mentor,” he said in a press release announcing his new position Monday.
Apple CEO Tim Cook to step down, become executive chairman
John Ternus, Apple’s senior vice president of hardware engineering, will take over as CEO effective September 1. Cook will become executive chairman of Apple’s board of directors.
If the war’s over, when does everything go back to normal?
If the war is actually ending, the logical question from anyone who has filled a gas tank over the past month is: When will prices return to where they were before the war?
Iran war seen boosting Africa’s renewable energy deals
Private renewable-energy investments in Africa are set to accelerate as the Iran war drives nations to try and cut their dependence on imported oil and gas.
Variable weather hits Ariston production, revenue down 58pct
“The decline in revenue performance reflects weather-related production disruptions earlier in the season and the transitional period associated with restructuring initiatives currently underway within the business,” the company said.