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  • India, Romania push deal as FTA talks hit crunch
    Business

    India, Romania push deal as FTA talks hit crunch

    04/11/2025

    India and Romania have committed to finalizing a trade agreement between New Delhi and the European Union before year-end, following discussions between Indian Commerce and Industry State Minister Jitin Prasada and Romanian Foreign Affairs Minister Oana-Silvia Țoiu in Bucharest. The two nations plan to strengthen commercial ties through enhanced cooperation in petroleum, engineering products, medicines…

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  • Ahmedabad bullet train station nears finish line
    Business

    Ahmedabad bullet train station nears finish line

    04/11/2025

    India’s railway infrastructure minister announced significant advancement on the Ahmedabad bullet train terminal during a progress assessment of station upgrades and the nation’s inaugural high-speed rail link. Ashwini Vaishnaw stated that construction at the facility has reached late-stage completion, with the structure forming part of an integrated transportation hub alongside conventional rail platforms. The combined…

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  • FII exodus keeps Sensex, Nifty stuck in the mud
    Business

    FII exodus keeps Sensex, Nifty stuck in the mud

    04/11/2025

    Indian stock markets began trading with minimal movement on Tuesday as investors weighed uncertain international signals and awaited stronger catalysts from home. The Sensex slipped 18 points to 83,718 by mid-morning, while the Nifty shed 14 points to reach 25,748. Broader market gauges followed similar patterns, with midcap and smallcap benchmarks losing less than 0.15…

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  • Mining boom triggers power crunch warning for 2030
    Business

    Mining boom triggers power crunch warning for 2030

    04/11/2025

    Electricity consumption across Zimbabwe’s national power network will climb from 2,200 megawatts to 5,000 megawatts by decade’s end as mineral extraction operations expand their requirements, according to analysis from IH Securities. The brokerage firm’s third-quarter equity assessment noted that mining development under the government’s first National Development Strategy accelerated between 2020 and 2025, with policies…

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  • Tobacco glut leaves small farmers on the ropes
    Business

    Tobacco glut leaves small farmers on the ropes

    04/11/2025

    Zimbabwe’s tobacco sector faces pressure from oversupply as merchants struggle to move this season’s bumper crop of 354 million kilograms, which surpassed national projections by 54 million kilograms. Industry officials warn that next season’s 400 million kilogram production goal could worsen market conditions and depress farmer returns. Tobacco specialist Tapiwa Masedza said current stockpiles are…

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  • ZESCO faces $5 million hit for Kariba overuse
    Business

    ZESCO faces $5 million hit for Kariba overuse

    04/11/2025

    Zambia’s electricity provider faces financial penalties approaching $5 million after consuming far beyond its authorized water limits at Kariba Dam through 2025. The Zambezi River Authority projects that ZESCO Limited will surpass its allocation by 4.7 billion cubic meters, triggering penalty charges of roughly $5.1 million based on current usage patterns. The authority distributed 28…

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  • Trade show frenzy pays off for Zimbabwe exporters
    Business

    Trade show frenzy pays off for Zimbabwe exporters

    04/11/2025

    Zimbabwean enterprises can unlock substantial growth by attending exhibitions that connect them with potential customers and partners across borders, the nation’s export promotion agency ZimTrade has reported. Face-to-face engagement at these gatherings allows manufacturers to meet purchasing agents, distribution networks and capital sources while demonstrating products to interested parties. The organization facilitated company attendance at…

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  • Building costs up as US dollar prices bite harder
    Business

    Building costs up as US dollar prices bite harder

    04/11/2025

    Building material costs in Zimbabwe displayed varying trends during the third quarter of 2025, with price movements differing between local currency and dollar-denominated transactions, according to data released by the Zimbabwe National Statistics Agency. The agency reported that prices measured in ZiG rose just 0.1 percent from June through September, a sharp deceleration from the…

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  • David Whitehead returns as textile jobs surge
    Business

    David Whitehead returns as textile jobs surge

    04/11/2025

    David Whitehead Textiles Limited has restored monthly fabric output to approximately two million meters while shipping products to neighboring countries, signaling renewed strength for Zimbabwe’s manufacturing sector. The Kadoma facility’s recovery represents progress in government efforts to revitalize domestic production and rebuild the textile supply chain from raw cotton through finished goods. Parliamentary Portfolio Committee…

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  • Big farmers cheer as Zimbabwe slashes red tape
    Business

    Big farmers cheer as Zimbabwe slashes red tape

    04/11/2025

    Zimbabwe’s Commercial Farmers Union has praised government initiatives aimed at reducing agricultural operating expenses and streamlining business processes. CFU president Liam Philps delivered remarks at the Horticulture Development Council investor forum on Thursday of last week, highlighting reforms that began in September to remove bureaucratic barriers affecting farmers. The changes include fee reductions and simplified…

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