The sale of Britain’s largest microchip factory to a Chinese company is to be reviewed by the UK government. Business Secretary Kwasi Kwarteng will make a national security assessment of the takeover of Newport’s Wafer Fab by Nexperia. It could force the company to reduce its shareholding back to the…
LAWMAKERS have asked the Mines ministry to overhaul the policy regulating the country's billion-dollar diamond industry, saying the current one is fraught with irregularities that drive illicit trade of the precious stones. (more…)
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MASHONALAND Holdings (Masholds) says its investment portfolio’s value declined by 11 percent to $13,9 billion during the 15 months to December 2021, in inflation adjusted terms, largely due to degradation of the Harare central business district (CBD). In its 2021 annual report released on Tuesday, the property group…
LLOYD Crowdfunding, a start-up in the Reserve Bank of Zimbabwe’s fintech regulatory sandbox, has made a bid to assist small businesses in sourcing capital. (more…)
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THE sale of Chelsea FC has been given approval by the UK government following the proposed takeover by the Todd Boehly / Clearlake Consortium.…
TWO-time champion Andy Murray says Wimbledon will “never feel like an exhibition” despite it being stripped of ranking points by the ATP and WTA.…
SABI Star Mine, a lithium-producing asset partly owned by the Chengxin Lithium Group of China, says it has set aside US$1,2 million to complement the District Development Fund (DDF) in infrastructure development in Buhera this year.…
ZIMBABWE Stock Exchange (ZSE)-listed companies that released financial results and announced trading updates recently say profit margins have been dampened by the growing gap between the official and parallel market exchange rates. (more…)
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AFRICAN Sun (Afsun) is lining up a US$10 million investment for hotel refurbishments in anticipation of improved tourism activity this year. (more…)
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THE US is cutting off another financial route for Russia to pay its international debts, a move that could push the country closer to default.…