Woolworths to buy Australia’s David Jones
Johannesburg. – Cape Town-based Woolworths is to acquire Australia’s second-largest department store chain, David Jones, for 20,5 billion rand or 2,1 billion Australian dollars. The combination will...
View ArticleBank lending to private sector falls
Business Reporter BANK lending to Zimbabwe’s private firms contracted from an annual growth of 28,77 percent in February 2013 to 1,5 percent due to tighter credit policies resulting from rising...
View ArticleFirms discuss Gwayi power station funding
Martin Kadzere Senior Business Reporter CHINA Africa Sunlight Energy and a leading Chinese bank are discussing terms of a possible loan worth $1,6 billion to fund the setup and construction of a coal...
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CFI in talks over Agrifoods
Mr Steve KuipaBusiness Editor Zimbabwe Stock Exchange-listed CFI Holdings is in talks with a local private equity fund over a possible investment into its stock feeds unit, Agrifoods. Well placed...
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Gold steadies near 2-week high
LONDON. — Gold steadied yesterday ahead of the release of minutes of the US Federal Reserve’s latest policy meeting, as concerns over tensions in Ukraine balanced against a firmer dollar and fresh...
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NSSA to construct shopping mall
Mr MatizaBusiness Reporter THE National Social Security Authority will next year start the construction of a shopping mall in Harare central business district, consisting of a garage and offices, at an...
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Facebook hits 100 million India users
NEW DELHI. – Facebook has hit more than 100 million users in India, only the second country after the United States to achieve the milestone, the social networking company said yesterday. The...
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Blanket Mine targets further gold ramp up
Blanket Mine continues to make substantial investments in exploration and development projects with a view to raise output above 52 000 ounces per annumBusiness Reporter Toronto Stock Exchange-listed...
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Professional Digital Skills Passport unveiled
Mr Itai Misimirembwa addresses clients during the launch of the Professional Digital Skills PassportTonderai Rutsito Business Correspondent Digital education solution provider, eLearning Solutions...
View ArticleAirtel, Vivo announce key alliance
ACCRA — GHANA based Airtel Money and Vivo Energy, a Shell licensee in 15 African markets, announced a landmark collaborative Pan-African agreement to strengthen both companies’ footprints on the...
View ArticleNo end in sight to Nigeria’s power woes
LAGOS. — THE Nigerian Electricity Regulatory Commission (NERC) has appealed for patience from the more than 170 million residents amid incessant power outages. The commission said it was doing all it...
View ArticleGovt issues more TBs
Conrad Mwanawashe Business Reporter THE Government has issued more Treasury Bills worth $32,1 million towards the clearing of FCA and tobacco retention balances owed by the Reserve Bank of Zimbabwe....
View ArticleSable struggles to raise capital
Tinashe Makichi Business Reporter Sable Chemicals is struggling to raise $750 million required for the establishment of a coal gasification plant at its Kwekwe factory. The company has been engaged in...
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Ecocash transfers exceed $4 billion
Ecocash service now boasts of 3,5 million mobile money transfer accountsGolden Sibanda Senior Business Reporter Econet Wireless’ mobile money transfer service EcoCash has handled over $4 billion since...
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Mutirikwi: Home away from home
Lake Mutirikwi Lodges also has a pool and single story lodgesIsdore Guvamombe Tourism Matrix As the road uncharacteristically snakes up and down, left and right along the shoreline of Zimbabwe’s...
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sa platinum output plunges
Johannesburg. — South Africa’s platinum group metals output dropped the most in two years in February after a strike at the world’s three biggest producers crippled output. Production of PGM metals...
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ABCH deal turning banking sector green with envy
BancABC will benefit from the $100 million to be injected by Atlas MaraIssuance of cautionary statements on the local bourse no longer convey the significance it once held in prior years. The...
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Dollarisation a blessing to Zim Investment
Many foreign suppliers are fighting for space for their products on shop shelves in the country due to higher returns because Zimbabwe is using the United States dollarAlbert Norumedzo In the Money The...
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Delta records slump in volumes
Delta says subdued volumes reflect both softening demand and the high prices driven by high level of excise dutyBusiness Reporter DELTA Corporation, Zimbabwe’s largest beverages maker said volumes for...
View ArticleDeforestation must be curbed
Jeffrey Gogo Climate Story THE Zimbabwe tobacco industry is beginning to wake up to the realities of the amount of damage inflicted on the environment due to the production of the crop. The Sustainable...
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