Business »
Tuesday, 14 May 2013 16:26
HARARE - Blue chip and fast-moving consumer goods (FMCG) stocks’ demand is likely to remain high as investors hedge against election impact, analysts say. Zimbabwe is expected to hold watershed polls this year with President Robert Mugabe squaring off long-time rival...Read More
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Business »
Monday, 06 May 2013 13:25
HARARE - After shunning Zimbabwe during its years of hyperinflation and political strife, foreign investors are finding the southern African country increasingly attractive. The main index, up more than 25% this year, hit a record high of 191.16 on Friday and...Read More
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Opinion & Analysis »
Wednesday, 01 May 2013 14:32
HARARE - The US Cato Institute recently described Zimbabwe as a country with “one of the world’s worst business environments,” saying our economy is like an athlete on steroids, propped up by artificial injections of loans and aid from China and...Read More
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Business »
Wednesday, 24 April 2013 10:40
HARARE - Embattled Interfin Banking Corporation (IBC) is courting Russian investors to inject fresh capital in a bid to resuscitate its banking unit — Interfin Bank, businessdaily has established. One of the Interfin’s shareholders confirmed the financial services group — currently...Read More
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Business »
Wednesday, 03 April 2013 12:34
HARARE - Newly-rebranded Allied Bank is courting potential investors to enable it to meet the central bank’s minimum capital requirements. Farai Mutamangira, the group’s chairperson, said they are currently in negotiations with two equity partners. “The bank is confident that these...Read More
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Business »
Friday, 01 February 2013 13:24
HARARE - NMBZ Holdings Limited (NMBZ) says three foreign investors have agreed to inject $14,8 million into the group in return for a 27 percent stake. The three strategic investors are AfricInvest Capital Partners (AfricInvest), FMO — a Dutch development bank...Read More
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Business » Ndakaziva Majaka, Staff Writer
Tuesday, 04 December 2012 12:41
HARARE - Foreign investors will not partner Zimbabwe in its diamond beneficiation initiative as the move will negatively affect their home markets, a local expert said. Stephen Muchenje, Zimbabwe Diamond Education College principal, said Zimbabwe had to change its policy and...Read More
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Business »
Monday, 19 November 2012 12:56
HARARE - Trust Banking Corporation (TBC) says negotiations with three potential investors to inject money to meet the central bank’s capital requirements are at an advanced stage. William Nyemba, TBC chief executive, told businessdaily that the investors were all foreign and...Read More
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Business » Ndakaziva Majaka, Staff Writer
Sunday, 09 September 2012 13:48
HARARE - Expansion of Hwange Thermal Power Station (HPS) is stalling due to funding structure differences between the ministry of Finance and the potential Chinese investor. Tendai Biti, Finance minister, said funding for the expansion project was yet to be...Read More
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