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PG in yet another capital raise
Business Reporter PG INDUSTRIES shareholders last Friday approved yet another capital raise coupled with a corporate restructure which is expected to turnaround the fortunes of the firms which has over...
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Focus more on empowerment: BAZ
Mr GuvamatangaGolden Sibanda Senior Business Reporter Foreign banks may not declare dividends in the next five years as they battle to mobilise the US$100 million capital requirement and therefore...
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RBZ collapsed CAPS operations: Mutanda
Martin Kadzere Senior Business Reporter CAPS Holdings executive chairman Mr Fred Mutanda has made sensational claims that the Reserve Bank of Zimbabwe collapsed the operations of CAPS Pharmaceuticals...
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Let’s exploit benefits in REDD+ initiatives
Jeffrey Gogo Climate Story THE second National Consultative Workshop on an international plan to limit carbon emissions from forests loss and degradation was held in Harare a week ago, as Zimbabwe...
View ArticleAFDB funds fish project
THE African Development Bank is funding a fish project in Kariba which will create more than 900 permanent jobs by 2015 and contribute an estimated $33 million in Government revenue over the next 10...
View Article4 tobacco buyers risk losing licences
Walter Muchinguri, Assistant Business Editor AT least four of the 20 Class “A” buyers that have been licensed to buy tobacco this year risk losing their licences as they have not yet started operating,...
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Toyota suspends operations after labour unrest
TOKYO. – Toyota yesterday said it has suspended production at its two Indian auto assembly plants in response to threats against management and “deliberate” assembly-line stoppages, as efforts to...
View ArticleOver-regulation to blame: MTN
LAGOS. – MTN, the mobile network operator, bemoaned the “over-regulation” of the Nigerian telecommunication sector saying it was one of the biggest causes of the industry’s under-performance. “The...
View ArticleJericho Advertising scores a first
Business Reporter Local advertising agency, Jericho Advertising, has scored a first for Zimbabwe after chief executive Mr Denford Magora and the firm’s executive director Mr Ashley Mhonda were...
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ECB defensive over rates status quo
MARIO DHRAGHIFRANKFURT. – The European Central Bank appears to be increasingly on the defensive, stepping up efforts this week to counter criticism of complacency after it held interest rates steady...
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Safari operators see $10m uplift in revenue
SAFARI operators in Zimbabwe are expecting revenue from the animal trophy hunting season this year to rise from $65 million last year to $75 million spurred by a decline in regional competition. The...
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Zim enters deflation
Zimbabwe has moved into deflation due to price self correctionsBusiness Reporter Zimbabwe moved into deflation after the annual rate of inflation for February shed 0,90 percentage points to minus 0,49...
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Chinese firm to invest $250m in solar project
Business Editor CHINESE energy company, Zhenfa New Science and Technology plans to invest $250 million in a 100 megawatt solar photovoltaic project this year. In a statement issued at the just-ended...
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Tough terms for interbank
Mr Sam MalabaMartin Kadzere Senior Business Reporter THE collateral required by the Africa Export and Import Bank may sideline many banks willing to participate on the interbank market, banking sources...
View ArticleBanking sector: Engine that drives economy
Sanderson Abel Banks have come a long way from the temples of the ancient world, where they played a pivotal role in keeping empires and countries afloat. Although history has altered the finer points...
View ArticleEME: What is a green economy?
A green economy is one which is low on carbon, resource efficient and socially inclusive. The concept of green economy focuses primarily on the intersection between environment and economy. It has...
View Article$3m shopping mall for Mbare on cards
Business Reporter Lebanese-based engineering group, El-Nour United Engineering for Construction and Commerce has entered into a joint venture with Harare City Council to construct a $3 million...
View ArticleDollar shortage hits hard on kwacha
Lusaka. — Zambia’s kwacha fell a fourth day, the world’s worst performer after Ukraine’s hryvnia, as a dollar shortage in Africa’s second-biggest copper producer persisted. “Local demand for the...
View ArticleRussian currency slumps
Moscow. – A WALK through Moscow reveals the threats to Western companies of Iran-style sanctions on Russia: Renault cars fill the streets, Zara and Louis Vuitton shops pull in consumers and Carlsberg...
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ZPI earmarks $2m for projects
Business Reporter Listed property developer Zimbabwe Property Investments Limited has earmarked $2 million to purchase land to drive growth in property development. This comes as ZPI’s financial...
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