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Econet, EcoCash announce rights offer
LISTED telecoms firm Econet Wireless Zimbabwe Limited (EWZL) and its subsidiary EcoCash Holdings yesterday announced a renounceable rights issue to raise US$30,3 million for the redemption of existing...Published: 25 Jul 2023 at 08:23hrs | 5 | by Staff reporter
Global trade war between the east and the west
South Africa should not panic over misinformation regarding Zambia's power utility and loans received from China, President of the Economics Association of Zambia, Lubinda Haabazoka, has said....Published: 04 Feb 2019 at 19:18hrs | 1 | by Fin24
China printing new Zimbabwe currency in exchange for oil and diamonds
COLOGNE - China has intensified it's grip, control and access to Zimbabwe's mineral wealth by reportedly demanding diamonds and oil drilling rights from President Emmerson Mnangagwa's government, as p...Published: 14 Dec 2018 at 07:48hrs | 32 | by Itai Mushekwe
'Africa is the place to be,' African Development Bank President tells China
The President of the African Development Bank, Akinwumi Adesina, has urged Chinese business leaders to attend the Africa Investment Forum scheduled to take place in Johannesburg, South Africa, from 7-...Published: 06 Sep 2018 at 07:29hrs | 23 | by Staff Reporter
Absa Bank Limited and China Development Bank Conclude a $100 million Agreement
JOHANNESBURG - Absa Bank Limited (www.Absa.co.za), a subsidiary of the Barclays Africa Group (BAGL) (www.BarclaysAfrica.com), has successfully concluded a five year $100 million Special Facility Agree...Published: 18 Aug 2017 at 10:10hrs | | by APO
Econet pulls no punches
SEETHING mobile telecommunications company Econet Wireless Zimbabwe (EWZ) said last week its competitors NetOne and TelOne have since accrued more than US$25 million in unpaid interconnection fees...Published: 11 Feb 2017 at 22:42hrs | 2 | by Staff reporter
Econet shareholders approve rights issue
ECONET Wireless Zimbabwe shareholders last Friday passed all six resolutions relating to its proposed $130 million capital raise exercise after it proceeded with its extraordinary general meeting ...Published: 06 Feb 2017 at 05:36hrs | 1 | by Staff reporter
Zimbabwe earns US$381m from gold exports
ZIMBABWE earned US$381 million in the first half of the year from gold exports after large and small-scale miners delivered 9,6 tonnes of the precious metal to Fidelity Printers and Refiners (FPR), wh...Published: 30 Jul 2016 at 23:20hrs | 1 | by Staff Reporter
Econet starts network upgrade exercise
Listed telecoms firm Econet Wireless Zimbabwe has started upgrading its network in some parts of the country to enhance quality of service.According to Econet, the upgrade, which started Monda...Published: 26 Jan 2016 at 07:38hrs | | by Staff reporter
Econet get $300m loan from China
Zimbabwe's only independent mobile operator - Econet Wireless Zimbabwe is set to get at least $300million out of the new loan facility of $500 million that Econet Global has negotiated with China ...Published: 04 Dec 2015 at 10:06hrs | 1 | by Staff reporter
Econet gets $150 million Afreximbank loan facility
Econet Wireless Global has secured a $150 million loan facility from African Export-Import Bank to expand its operations.In a statement, Afrexim bank said Econet would use the funds to expan...Published: 07 Aug 2014 at 15:17hrs | 2 | by Staff reporteer
IMF 'sees promise' on Zimbabwe
Finance Minister Patrick Chinamasa has said the International Monetary Fund (IMF) has written to him expressing satisfaction with the efforts so far made by Zimbabwe to restore the economy and settle ...Published: 04 Jul 2014 at 17:09hrs | 1 | by Staff reporter
China snubs desperate Chinamasa
ZIMBABWE is fast running out of funding options after Finance minister Patrick Chinamasa returned home empty-handed from his recent trip to China where the Chinese requested "bankable projects inste...Published: 24 Jan 2014 at 12:33hrs | 1 | by Staff reporter
'We are confident about the future of Zimbabwe' says China
CHINESE Commerce Minister Chen Deming has pledged his country's commitment to invest in capital projects in Zimbabwe and help the country address its infrastructural problems relating to roads, water ...Published: 24 Feb 2013 at 21:23hrs | | by Staff Reporter
South Africa expected to endorse Chinese currency
JOHANNESBURG - South Africa will this week take some initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in emerging economies. Thus, the nation i...Published: 26 Mar 2012 at 05:11hrs | | by Staff reporter
No US dollar transactions in Brics deals
Sanya, China - The development banks of the five Brics nations agreed in principle on Thursday to establish mutual credit lines denominated in their local currencies, not in dollars....Published: 14 Apr 2011 at 06:08hrs | | by Byo24News
China, Zimbabwe's all weather friend increases economic grip
CHINA is consolidating its economic grip on Zimbabwe as part of its continent-wide strategy to dominate a vast swathe of the African economic landscape, stealing a march on South Afric...Published: 24 Mar 2011 at 05:06hrs | | by Muleya
US$500m Chinese cotton deal for Zimbabwe
China and Zimbabwe have struck a US$500 million cotton production and export deal, officials said Monday. Under the agreement, China Development Bank will advance the funds to a Chinese fir...Published: 08 Mar 2011 at 07:56hrs | | by Byo24News
Lift Zimbabwe sanctions China tells the West
HARARE – Chinese Foreign Minister Yang Jiechi on Friday urged Western countries to lift sanctions on Zimbabwe as he paid a visit to buttress ties with the southern African nation....Published: 11 Feb 2011 at 13:47hrs | 4 | by Byo24NEWS
China is ready to work with Zimbabwe
Zimbabwe is an important ally to China and Beijing will seek to further strengthen ties, Chinese Foreign Minister Yang Jiechi said of a country isolated by the West under President Robert Mugabe...Published: 11 Feb 2011 at 07:46hrs | | by Byo24News
Zimbabwe's all weather friend seals ties
Chinese Foreign Minister Yang Jiechi visits the country on Thursday to buttress ties between it and the Asian powerhouse, which has solidly backed a Harare battered by Western isolation....Published: 08 Feb 2011 at 15:29hrs | | by Byo24News
Zimbabwe offered a whooping $3billion for platinum
China has offered Zimbabwe $3bn for vast platinum reserves, a local private newspaper reported on Friday but said the deal was likely to be rejected by the government over its terms....Published: 04 Feb 2011 at 18:12hrs | | by Byo24News
Zimbabwe says China eyes $10bn investment
China Development Bank could fund up to $10bn in Chinese investment in Zimbabwe's mining and agriculture sector, a big boost for a country struggling to attract foreign investors, a government min...Published: 01 Feb 2011 at 14:48hrs | | by Byo24News
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