FMO, Norfund and Rabobank team up in financial investment
Business ReporterNMBZ shareholders FMO of the Netherlands and Norfund of Norway have joined forces with Rabobank of the Netherlands to pool their investments in financial institutions across Africa....
View ArticleStanbic granted licence in Côte d’Ivoire
JOHANNESBURG. – Standard Bank – trading as Stanbic Bank – has been formally awarded a banking licence in Côte d’Ivoire. The group opened a Representative Office in December 2013, signalling a drive...
View ArticleStanchart announces plans to boost investments
DAR-ES-SALAM. – Standard Chartered Bank has announced plans to step up investment and leverage its unique footprint and international banking expertise to drive growth in Africa. Through a new brand...
View Articlefintech not disrupting Africa’s financial industry
African fintech is not disrupting the existing financial service providers. This is because, in many areas of the continent, there is nothing to disrupt. Across most of the continent, there is no...
View ArticleRBZ wants 50 percent more POS machines
The Reserve Bank of Zimbabwe (RBZ) says it is targeting to boost the number of Point-of-Sale (POS) machines in the country by 50 percent by year-end. Zimbabwe currently has 20 000 POS machines in...
View ArticleGold mining equipment likely to be released soon
Business ReporterCHINESE firm, Xu Construction Machinery Group, has put on hold delivery of gold mining equipment under a $100 million credit facility from China Import and Export Bank, as it battles...
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Titan Garages: The game changer
Defying all economic hardships and market trends Titan Garages has risen through organic growth and internal resourcesTinashe Makichi : Motoring CorrespondentBorn out of the will to deliver reliable,...
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‘Dangote deals well on course’
Aliko Dangote (Picture from forbes.com)Golden Sibanda : Senior Business ReporterTHE Zimbabwe Investment Authority has allayed fears about the possibility of Nigerian billionaire Aliko Dangote aborting...
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Bimha in SA to meet counterpart
Minister BimhaBusiness ReporterIndustry and Commerce Minister Mike Bimha is in South Africa where he is meeting with his counterpart Rob Davies to discuss bilateral trade matters. This is a routine...
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CBZ eyes investment opportunities in region
CBZTinashe Makichi : Business ReporterLISTED financial services group CBZ Holdings is scouting for investment opportunities in the region with possible destinations already identified, group chief...
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The ‘what if’ spooking markets: Policy success
People walk through the lobby of the London Stock Exchange. – ReutersLONDON. – Voter rebellions? A protectionist wave? Looming recession? Islamic militancy? Perhaps the biggest shock to world markets...
View ArticleQuest Motors starts assembling Yutong buses
Martin Kadzere Senior Business Reporter QUEST Motor Corporation has started assembling Yutong buses at its Mutare plant after receiving approval from the world largest luxury coach builder, an official...
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Apply forensic science to stem corruption: VP
Vice President Emmerson MnangagwaBusiness Reporters Vice President Emmerson Mnangagwa said there is need for a collective effort to fight corruption as it is not only limited to the public sector but...
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CFI’s subsidiaries placed under judicial management
Martin Kadzere Senior Business Reporter— CFI Holdings’ key subsidiaries have been placed under provisional judicial management to allow for debt restructuring, re-organisation and recapitalisation of...
View ArticleAfrica: FinTech’s natural fit, next frontier
Dave Van Niekerk We’ve heard the sensationalism before — that the unbridled array of opportunities in Africa are either being “squandered”, “exploited” or just now seeping to the surface for...
View ArticleGlobal food prices down slightly in July: UN agency
UNITED NATIONS. – The international prices for major food commodities saw a modest decline in July, following five consecutive months of increases, according to the United Nations Food and Agriculture...
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Horizon Ivato’s plastic money usage up 40pc
Customers shopping at Horizon IvatoTinashe Makichi Business Reporter Retail giant, Horizon Ivato says cashless transactions at its supermarket at Long Cheng Plaza have increased 40 percent as customers...
View ArticleBancAbc to introduce agency banking
Business Reporter BancAbc is set to introduce agency banking as it looks at penetrating previously under-banked areas while also serving its clientele operating in the less reachable parts of the...
View ArticleBAT to generate healthy dividends
Business Reporter FINANCIAL analysts have projected listed tobacco processor, BAT Zimbabwe, to continue generating healthy dividends due to its low gearing levels and low capex burden.This is in spite...
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Govt to finance critical areas of industry
MInister BimhaGolden Sibanda Senior Business Reporter GOVERNMENT says it will mobilise fresh low cost funding to support selected critical areas of the manufacturing industry whose goods are protected...
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