Recent failures at American lenders First Brands and Tricolor have raised concerns about private credit markets operating outside traditional banking systems. Bank of England Governor Andrew Bailey warned a parliamentary committee this week that the collapses might signal broader problems similar to the 2008 financial crisis. JPMorgan Chase absorbed $170 million in losses from Tricolor,…
President Donald Trump described his first Asian tour as yielding potentially profitable trade agreements after signing deals with Malaysia, Vietnam, Cambodia and Thailand. The American leader attended the 47th Asean Summit and Related Summits in Kuala Lumpur and plans similar pacts in Japan and South Korea. Trump and Malaysian officials signed the Comprehensive Strategic Partnership…
Malaysia will expand production of critical minerals and rare earths through partnerships with American firms under a new trade agreement announced on Saturday. The government pledged to issue extended operating licenses and eliminate export bans or quotas on these materials bound for the United States. The White House stated both nations will strengthen economic and…
Bread prices will hold steady as Zimbabwe produces enough wheat to meet domestic demand, Finance Minister Mthuli Ncube said at the Zanu-PF National People’s Conference. Wheat output surged 538 percent from 94,000 tonnes in 2019 to 600,045 tonnes in 2025 through the Winter Wheat Programme, exceeding the annual requirement of 360,000 tonnes. Farmers have harvested…
Zimbabwe plans to expand aviation infrastructure and partnerships to boost economic growth, Transport and Infrastructural Development Minister Felix Mhona said on Thursday at Fastjet Zimbabwe’s 10th anniversary celebration in Harare. The government views aviation as vital for economic development, trade and tourism. Major airports received substantial investment in recent years. Joshua Mqabuko Nkomo International Airport,…
The Zimbabwe Consolidated Diamond Company has achieved more than 4.5 million shifts without a fatality since the state-owned operation began. The miner has also avoided any lost-time injuries since 2019. The company earned gold and bronze honors at the National Social Security Authority Safety and Health at Work Conference and Awards ceremony in Victoria Falls….
Zimbabwe has approved the Global Skills Partnership Scheme to protect citizens working abroad. The initiative establishes formal agreements with host countries to ensure Zimbabwean workers receive legal protections and support while contributing to foreign economies. Skills Audit and Development Ministry Permanent Secretary Ambassador Rudo Chitiga announced this on Friday at the Future Workforce Dialogue in…
The Zimbabwe Free Range Poultry Association marked its 10th year of operations on Thursday, recognizing achievements in advancing poultry production and strengthening food security across households and the nation. The organization has worked to support sustainable practices in the commercialization and marketing of free-range poultry products. Chief Executive Beauty Jiji said the association has made…
Ghana’s currency traded at 10.62 cedis per dollar for purchases and 11.35 cedis per dollar for sales on Saturday, October 25, according to data from Cedirates.com. Exchange bureaus sold dollars at 12.50 cedis and bought them at 12.00 cedis. The Bank of Ghana interbank market listed the cedi at 10.84 for buying and 10.86 for…
A court in the Bono Region sent three men to police custody and released a teenager on bail after authorities caught them mining without permits. The Wamfie District Magistrate Court ordered Moses Ayando, Joseph Akuwaaya, and John Akanboei held until their next hearing on November 4. Judge Eugene Obeng Ntim set bail at 50,000 cedis…
