Business is war.
A Manchester-based music technology company is nearing completion of a $2.6 million funding round ahead of its platform debut next month. Dune allows supporters to purchase tradable positions in musicians that rise or fall with daily streaming metrics, addressing what founders describe as inadequate artist compensation from digital plays. Co-founder Paul Knowles said data indicate…
A judicial hearing will take place on November 12 to consider whether RioZim Limited can pursue corporate rescue proceedings instead of liquidation. Workers at the mining company filed the petition on July 7 through the Zimbabwe Diamond & Allied Minerals Workers Union, with two additional employees from subsidiary operations joining as applicants. The Zimbabwe Stock…
A luxury apartment complex in Glen Lorne is scheduled for completion by December, representing a $16 million investment by developer Thaton Property to expand upmarket housing options in the capital. The 2,267 Lifestyle Estate will feature 82 units across eight buildings when finished, with solar backup systems addressing electricity supply challenges. Executive chairman Ben Nyaumwe,…
Zimbabwe’s tourism industry stands ready to capitalize on world-class attractions that range from Victoria Falls to wildlife reserves and ancient monuments, according to an analysis of the sector’s development path. The nation has built strong momentum through rising visitor numbers and successful conservation programs that position parks like Hwange and Gonarezhou as rivals to leading…
Zimbabwe’s horticulture industry is attracting significant attention from international investors and development finance institutions after years of limited engagement. Major financiers from the United Kingdom and AgDevCo pledged expanded support during an investor forum hosted by the Horticulture Development Council on Thursday in Harare. Officials aim to transform the sector into a $2.5 billion enterprise…
Windhoek faces a mounting infrastructure crisis as the municipality requires approximately N$17.5 million to address pothole damage from earlier rainy periods this year. Officials warn that ongoing wet weather will prevent repairs and cause additional deterioration. The total cost to fix all road damage reaches N$353 million, according to municipal authorities. Speaking on Tuesday at…
Namibia’s road maintenance agency wants to raise fuel levies by N$2.06 per liter to address a N$5 billion funding shortfall threatening the nation’s transportation infrastructure. Road Fund Administration chief executive Ali Ipinge said on Tuesday that the organization requires N$7 billion each year for upkeep and construction, but government contributions cover only 40 percent of…
Namibia shipped charcoal valued at N$100 million during September, with Dutch, South African and Polish buyers accounting for most purchases. The southern African nation, meanwhile, imported N$1 million in charcoal from Malaysia, according to trade figures the Namibia Statistical Agency released on Tuesday. Statistician general Alex Shimuafeni reported the country posted a N$3.4 billion trade…
Uganda’s central bank has ordered lenders to embed environmental and social criteria into their operations, cautioning that ignoring climate threats could trim the nation’s economic output by 3.1 percent within 25 years. David Kalyango, who leads bank supervision and spoke for Governor Michael Atingi-Ego at a Kampala training program debut on Tuesday, said treating sustainability…
Uganda introduced a financial education program on Tuesday designed to steer lending and investment decisions toward climate adaptation and social equity. The certificate course was presented at the Sheraton Hotel in Kampala through a partnership between aBi Finance Ltd and the Uganda Institute of Banking and Financial Services, backed by the Royal Danish Embassy, the…
