THE National Building Society (NBS) has been urged to expand affordable housing finance and strengthen partnerships to help reduce Zimbabwe’s housing deficit of more than one million units. Speaking at the mortgage lender’s 10th anniversary celebrations, Reserve Bank of Zimbabwe (RBZ) director of Banking Supervision Philip Madamombe said addressing the country’s housing challenges required cooperation…
News Editor THE world’s largest asset manager, BlackRock, has increased its overall stake in Caledonia Mining Corporation, while reshuffling its holdings in favour of direct share ownership over derivatives exposure. A Caledonia filing last week covered a threshold crossed on July 8, putting BlackRock’s total position at 6,17 percent of voting rights, up from 6,15…
Sandra Hove SPORTS WRITER ZIMBABWE’S Chevrons will have to win Sunday’s final match to claim the Twenty20 International series after suffering a 34-run defeat to Bangladesh in the second encounter at Queens Sports Club in Bulawayo yesterday, allowing the Tigers to level the three-match series at 1-1. “As a captain, I’m genuinely embarrassed to be…
Everything is now in place for the prestigious Stanbic Bank Zimbabwe-sponsored Carnival Cup Polo Tournament, which takes place today at Thornpark Polo Grounds. The 8 participating teams were presented with their official tournament kits and are eagerly awaiting the start of the competition. Harare Polo Club Captain, Matthew Moxon, said The Carnival Cup tournament is…
EAGLE Real Estate Investment Trust says rising tourist arrivals in Victoria Falls are strengthening the investment case for its US$43 million Eagle Heights development. Eagle Heights is a mixed-use development by Eagle REIT, located in Victoria Falls, spanning 12,3 hectares. The project includes a 120-key mid-scale international hotel, a hospital, retail space, and residential units,…
HOUSEHOLD internet access in Zimbabwe has risen to 75,5 percent, while 72 percent of mobile phone users now own smartphones, according to a new survey by the Postal & Telecommunications Regulatory Authority of Zimbabwe (Potraz) and Zimstat. Speaking at the survey launch in Harare, Zimstat director-general Tafadzwa Bandama said the findings exposed disparities between provinces,…
THE Deposit Protection Corporation (DPC) says changes to its commission statute will introduce civil penalties for non-compliant institutions and their directors, strengthening enforcement of the corporation’s laws and regulations. The Deposit Protection Corporation Amendment Bill establishes a dedicated insolvency and crisis management framework for banking institutions, addressing a legal gap left by the Insolvency Act.…
Tapiwa Chirume ZB BANK has launched Smile Mall, a digital marketplace aimed at improving market access for micro, small, and medium enterprises (MSMEs), cooperatives, farmers, and artisans to promote financial inclusion and drive Zimbabwe’s digital economy. The launch was announced during the MSMEs and Cooperatives Indaba and the unveiling of Smile Mall in Harare yesterday,…
Staff writer in Beijing ROWS of solar panels stretch across what was once severely desertified grassland in northern China’s Hebei Province, where sheep and cattle now graze beneath the installations,…
Staff writer in Beijing A DISTRICT on the northeastern edge of Beijing is preparing to launch additional international freight routes to expand imports of specialty products from around the world…
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