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Victoria Falls to get two new upmarket hotels
Zimbabwe's premier tourist destination, Victoria Falls, is set to see the construction of two luxury hotels, valued at a combined US$114.3 million, which will significantly boost the city's hospitalit...Published: 08 Nov 2024 at 06:49hrs | 224 | by Staff reporter
Solutions to Zimbabwe debt, fiscal deficits
THE Labour and Economic Development Research Institute of Zimbabwe (Ledriz) has crafted a cocktail of measures which could be a solution to Zimbabwe's debt problems, fiscal deficits, stunted growth an...Published: 24 Sep 2021 at 09:45hrs | | by Staff reporter
National Foods starts maize imports
National Foods says it has commenced substantial maize imports to cover the predicted demand between December 2020 and April 2021 as the recently concluded harvest was impacted by a second successive ...Published: 09 Nov 2020 at 20:57hrs | | by Staff reporter
Nedbank buying back shares from minority shareholders
NEDBANK Group (Nedbank) says it will pay R2 billion (approximately US$139,6 million) to minority shareholders inherited from Old Mutual.The South Africa-based financial institution, which owns...Published: 17 Oct 2018 at 16:02hrs | | by Staff reporter
Zimbabwe, the numerate Nation that can't count
Matters are hurtling to a head in the MDC-T, are they not? But I must correct myself. I was rather hard on Biti and Mangoma last week. Or is it Mangoma and Biti? Just who is who? And what is the hiera...Published: 22 Mar 2014 at 08:14hrs | | by Nathaniel Manheru
AfrAsia shareholders endorse Nigel Chanakira's exit
Shareholders in AfrAsia Kingdom Zimbabwe Limited (AKZL), the parent company of Kingdom Bank, on Friday voted for the repurchase of shares indirectly held by an investment vehicle linked to Nigel C...Published: 01 Dec 2013 at 08:20hrs | | by Business reporter
CBZ Holdings to buy back 7,7m shares
CBZ Holdings intends to buy back over 7,7 million shares from close to 10 000 of the group's minority shareholders through a facility in which the stockholders sell the stock at no cost. Unde...Published: 25 Oct 2013 at 05:20hrs | | by Staff reporter
GB Holdings secures $1 million funding
GB Holdings managed to secure $1 million funding for raw materials from CABS and the firm is still engaging other possible funders "to get the company to go", managing director Wilbroad Tsuroh told th...Published: 26 Jun 2013 at 11:56hrs | | by Business reporter
CBZ projects total income growth of 10%
CBZH is expecting another good year in F13 with total income growth of 10% and further growth in assets of 19.5% on the back of diversified income and increased credit lines, CEO John Mangudya told a...Published: 27 Feb 2013 at 09:37hrs | | by Business reporter
Hip-hop mogul offers young gunslingers free tickets to Beyoncé concert if they turn in their weapons
A millionaire hip-hop mogul has a bold plan to rid New York City streets of firearms: He wants to offer young gunslingers who turn in their weapons mentorships ... and Beyoncé concert tic...Published: 26 Feb 2013 at 09:21hrs | | by Staff Reporter
NMBZ shareholders approve placement of shares to offshore investors
NMBZ shareholders, unanimously voted for all the seven resolutions at an EGM held early this morning paving way for injection of new capital by offshore strategic institutional investors.Chair...Published: 19 Feb 2013 at 11:12hrs | | by Business reporter
NMBZ secures $16 million from offshore, to raise $50 million
NMB has secured $16 million new capital from foreign investors which will help the bank raise more lines of credit for deploying in areas such as mining and agriculture, group CEO James Mushore told a...Published: 13 Feb 2013 at 10:33hrs | | by Business reporter
Econet finalising a syndicated $307 million loan facility
HARARE - Econet is finalising a syndicated $307 million loan facility with a group of international banks, part of which will be used to restructure debt, management told analysts yesterday. ...Published: 25 Apr 2012 at 13:03hrs | | by Business reporter
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