AdvertisementsBINDURA Nickel Corporation’s (BNC) says it has put its $20 million smelter project on hold due to declining nickel prices. When the company raised funds for the smelter project through a bond in 2014, it had assumed that nickel prices would rise from $16 500 per tonne in 2014 to $21 000 in 2016 before…
AdvertisementsASTRO Mobile (Astro) says it has shelved plans to set up a mobile phone manufacturing plant in the country due to lack of government support. The company, which was established in 2011, has been relying on toll manufacturing arrangements with Chinese firms. Munyaradzi Gwatidzo, Astro’s chief executive, said the company has been sitting on plans…
AdvertisementsSEEDCO, one of Africa’s largest seed producers, says it continues to face some difficulties associated with the general sub-optimal business environment on the continent. Advertisements This comes as research has it that the size, diversity and inherent complexity of doing business across the continent test even the best-laid corporate strategies for growth in Africa. Morgan…
Advertisements FORMER Zimbabwe national captain Brendan Taylor and star all-rounder Sikandar Raza have been named among the 346 players around the world shortlisted to go under the hammer at the player auction for the 2019 Indian Premier League (IPL) to be held on December 18 in Jaipur. Initially five Zimbabwe national cricket team players had…
AdvertisementsSEEDCO’S Botswana Stock Exchange (BSE)-listed spin off, SeedCo International, last week posted its first financial results post-unbundling showing that it more than halved its losses during the half-year ended September 30, 2018. The company, which was unbundled during the period under review, posted a loss of $1,5 million, progressing from a loss of $3,3 million…
AdvertisementsGOVERNMENT should give title deeds to informal settlers who were duped by land barons as a way of strengthening the country’s land bank, economist Eddie Cross has said. Over the past few years, numerous illegal settlements have emerged as a result of fraudulent land distributions, which have been perpetrated by errant “land barons”. “These land…
AdvertisementsFOREIGN investors were net buyers accounting for $4,3 million worth of shares on the Zimbabwe Stock Exchange (ZSE) in November, with particular interest in Old Mutual, Delta Corporation and Axia Corporation. According to figures from the local bourse, foreign purchases accounted for $39 million worth of shares while sales amounted to $34,8 million during the…
AdvertisementsTELONE says local cities and towns should take advantage of the telecommunications company’s capabilities in creating modernised communities. The fixed telecommunications operator, which has been targeted for partial privatisation, has partnered with Mutare to develop a “Smart City concept”. Speaking at the Manicaland Smartcities Summit in Mutare on Friday, Jeremiah Munembe, TelOne’s innovation executive, said…
AdvertisementsTHE World Bank has partnered with Steward Bank in developing a decision-making system that allows local financial institutions to give out collateral-free loans. Last week, the Cassava Smartech banking unit, in conjunction with mobile money service Ecocash, launched a collateral-free loan service, which it says is targeted at individuals and small businesses that cannot put…
AdvertisementsSOUTH African investments remain at the top of approved projects and capital inflows into the country, figures from the Zimbabwe Investment Authority (ZIA)’s half year report show. This also comes against the background of a long established fact and phenomenon that Pretoria remains Zimbabwe’s biggest trading partner, and there has been renewed debate for Harare…
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