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AfDB to fund a $250 million gold mine in Zimbabwe
THE African Development Bank (AfDB) has shown great interest in funding Caledonia Mining Corporation's planned $250 million gold mine in Zimbabwe.The information was relayed by the company's c...Published: 06 Apr 2024 at 08:16hrs | 5 | by Staff reporter
Plans to develop Zimbabwe's biggest mine near Bulawayo
Caledonia Mining is exploring options to raise US$250m to develop its Bilboes project into what could be Zimbabwe's biggest gold mine.The company, which also owns the Blanket gold mine in Zimb...Published: 22 Oct 2023 at 10:41hrs | 1 | by Staff reporter
Are investors in African equities poised for wins amidst global turmoil?
It has been a tumultuous first quarter of 2023, and African equities have not been spared.Global markets started the year on a very positive note, with the S&P 500 up 9.0% at its peak in e...Published: 12 May 2023 at 11:17hrs | 17 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
Caledonia sinks US$60m into Gwanda project
CALEDONIA Mining Corporation Plc (Caledonia) has spent about US$60 million developing the Central Shaft project, which is due to be commissioned during the first quarter of next year.In a stat...Published: 04 Dec 2020 at 07:17hrs | | by Staff reporter
Caledonia eyeing big gold mine
CALEDONIA Mining is interested in buying one of Zimbabwe's largest gold operations as it embarks on an aggressive plan to acquire more assets in the country, according to a person familiar with the de...Published: 25 Oct 2020 at 07:59hrs | 1 | by Staff reporter
Allan Gray hopes that courts rule in Trevor Manuel's favour against Peter Moyo
Not deterred by the bloody corporate battle at Old Mutual, the investment manager Allan Gray now owns more than 10% of the life insurer.Old Mutual CEO, Peter Moyo, was fired in June after accu...Published: 21 Aug 2019 at 11:55hrs | 2 | by Staff reporter
Zimbabwe devaluation sees return of market sense
Zimbabwe's currency devaluation last week has led to a more realistic exchange rate, yet thin trading implies the new official interbank market isn't as free as officials suggested.The central...Published: 03 Mar 2019 at 00:49hrs | | by Bloomberg
Zimbabwe empty shelves scare
Austin Mushanguri shakes his head in dejection and walks away from the fridges in an affluent supermarket in the capital after reading a sign saying he can only buy one bottle of beer instead of the d...Published: 14 Oct 2018 at 10:09hrs | 2 | by Staff reporter
Meet Southern Africa's billionaires
There are 11 billionaires from the Sadc region on this year's Forbes list of 25 billionaires on the African continent.The list, released in March, showed that Mohammed Dewji of Tanzania is sti...Published: 08 Aug 2017 at 08:07hrs | 17 | by Staff reporter
Billions held in impact investments in Africa
The 2016 African Investing for Impact Barometer shows that investments that seek to combine financial returns with positive social, environmental and/or governance outcomes are flourishing on the Afri...Published: 23 Jun 2017 at 09:56hrs | 2 | by Agencies
50 Most influential industry leaders featured on the 2016 Mining Indaba speaker line-up
LONDON - Mining Indaba (www.MiningIndaba.com) has assembled an outstanding array of global and regional industry leaders and experts for the 2016 Investing in African Mining Indaba 8-11 February, Cape...Published: 03 Dec 2015 at 19:08hrs | 2 | by APO
Allan Gray positive on Zimbabwean equities
A SLUMP in Zimbabwean equities to near two-year lows is emboldening one of the largest money managers in South Africa to keep looking beyond the nation's economic woes for returns.Allan Gray, ...Published: 15 Jan 2015 at 12:58hrs | 1 | by Neo Khanyile I Bloomberg
Beer, Econet only attractions in Zimbabwe
Zimbabwe's deteriorating economy and a stock market that's fallen more than any other in Africa this year are doing nothing to scare off one of South Africa's biggest money managers. Allan Gra...Published: 27 Jun 2014 at 14:37hrs | | by Bloomberg
Strive Masiyiwa is one of Africa's 55 billionaires
Strive Masiyiwa, Zimbabwe's richest man and foremost telecommunications tycoon is one of Africa's 55 billionaires with a combined fortune of $143.88 billion. The average net worth of the members of th...Published: 07 Oct 2013 at 16:55hrs | | by Staff reporter
Zimbabwe Stock Exchange one of the best performing bourses in the world
The Zimbabwe Stock Exchange (ZSE) was one of the best performing bourses in the world, at least in the month of January 2013, preliminary figures have shown.The ZSE's ma...Published: 01 Feb 2013 at 14:41hrs | 1 | by Staff reporter
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