adminZSE eyes US$5bn market cap
Golden Sibanda Senior Business Reporter
EQUITIES firm IH Securities has projected that the Zimbabwe Stock Exchange market capitalisation will register a 17 percent growth to US$5,7 billion this year, amid expectations that the post-election
Ray of hope for cotton growers
Martin Kadzere Senior Business Reporter
THERE is a ray of hope for local cotton farmers as international lint prices gradually recover. If sustained up to when the Zimbabwean crop gets to the market, this could see growers getting better
US shares open higher
NEW YORK. – US stocks opened higher last Friday despite downbeat US non-farm payroll data from January. Total non-farm payroll employment increased by 157 000 in January, mainly boosted by jobZSE stocks record solid run
Martin Kadzere Bulls and Bears
THE Zimbabwe Stock Exchange enjoyed a handsome bull run last month, largely supported by strong foreign buying, mostly in heavily capitalised counters. Some of the stocks that have had a solid runRBZ wants Royal Bank liquidated
Business ReporterTHE Reserve Bank of Zimbabwe has applied for the liquidation of Royal Bank after the troubled financial institutions’ recapitalisation initiatives failed to materialise. Central bank governor Dr Gideon Gono said
CMED pays US$1m dividend to Treasury
Evelene Taadira Business ReporterCMED (Private) Limited last week paid US$1 million to Treasury as a dividend from the US$3,4 million profit it made in 2011. The development is part of statutory provisions stipulating that State enterprises
Barclays Bank boss to forego bonus
LONDON. – British bank Barclays, which has been plagued by the Libor rate-rigging scandal, announced on Friday that chief executive Antony Jenkins would forego his 2012 bonus after a “difficult” year at theEurozone inflation falls
BRUSSELS. -The eurozone crowned a week of steadily improving economic data last Friday with inflation almost down to the European Central Bank’s medium-term target, falling to 2,0 percent in January afterEMA sleeping on the job
Jeffrey Gogo Climate StoryCOMMEMORATING the World Wetlands Day last Saturday evoked melancholic sentiments of an event robbed of its solemnity, and of the social and environmental impacts of a Zimbabwe in a desperate
Govt engages European bank officials
Business ReporterOFFICIALS from the European Investment Bank last week held talks with the Ministry of Finance on the US$221 million the country owes the bank. While details of the talks could not be established, Finance