Mozambique suspends Tete coal licensing

MAPUTO. — Mozambique will not issue any more new coal prospecting licences for its Tete province, where the likes of Rio Tinto and Vale have started a global rush in search for coking coal, the national mining inspector said last Friday. The former Portuguese colony has seen a flood of foreign investment

Women feel the heat of volatile cotton prices

ZWRCN Desk Women Empowerment
The tobacco auction floors opened last week on a high note with the purchase price reaching a record high of US$5,20 per kilogramme — much to the envy of cotton farmers who are battling with falling

Of mergers, acquisitions and takeovers

Fanuel Kangondo Entrepreneurship
There are numerous avenues open for one to become a successful entrepreneur and this is largely driven by passion in the chosen field. However, opportunities at times also drive one to follow a

Corporate governance convention on cards

Business Reporter
The Institute of Chartered Secretaries and Administrators in Zimbabwe will hold a two-day corporate governance convention in Harare next month, which will focus on the challenges facing boards in the

ZMDC ‘still talking to potential investors’

The Zimbabwe Mining Development Corporation is yet to secure funding to reopen the Kamativi Tin Mine in Matabeleland North Province, which was closed in 1994, an official said last week. The ZMDC announced in July last year that it was seeking between US$35 million and US$50 million to revive

Agribank completes US$2,5m ICT upgrade

Business Reporter
AGRIBANK has completed its US$2,5 million Information Communication Technology upgrade to the latest Globus banking system, T24. The ICT systems upgrade will enhance the agro-focussed banking

Businessman calls for investment blueprint

Walter Mswazie Business Correspondent
MASVINGO-based business executive Dr Fredrick Kasese says there is need for the province to come up with an investment blue- print that is supported by development prospectus to attract business to

ICTs critical in mitigating impacts of climate change

Jeffrey Gogo Climate Story
The proliferation of Information Communication Technologies (ICTs) in poor developing nations like Zimbabwe has greatly improved the manner in which information is transmitted. ICTs have added

Zim’s Metbank expands into Namibia

NAMIBIA’S first SME Bank, which is jointly owned by the Namibian government and Metropolitan Bank of Zimbabwe, is expected to open its doors in Windhoek within the first half of this year. According to The Namibian Sun newspaper, the headquarters of the Small to Medium Scale Bank of Namibia in Jan

Securities Commission moves to protect investors

Golden Sibanda Senior Business Reporter
THE Securities Commission of Zimbabwe is working on additional financial disclosure requirements as part of new rules for listed firms to enhance assessment of their value by investors. Broadly, the

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