adminFBC deal close
Martin Kadzere Senior Business ReporterUNITED STATES private equity firm Equator Capital is nearing a deal to acquire a 10 percent shareholding in Zimbabwe Stock Exchange-listed financial group, FBC Holdings, sources familiar with the deal have said.
Tobacco sales gross US$470m
Elita Chikwati Agriculture ReporterTOBACCO growers have so far earned US$466,1 million from the sale of 125,7 million kg since the opening of the selling season in February.
This is an increase from last year’s US$366,7 million raised after the sale of 97,5 million kg.
ZSE share volume up
Business ReporterTHE volume of shares traded on the Zimbabwe Stock Exchange rose 351 percent to 20 502 261 while value also vaulted 300 percent to US$2,345 million on significant gains in only four stocks.
Lessons from Oliver Mtukudzi
Ben Chiganze
Saudi economic growth to slow down: IMF
RIYADH. — Saudi economic growth will slow to 4,4 percent in 2013 from 6,8 percent last year due to an expected fall in oil production, and cuts in government spending, the International Monetary Fund said yesterday.Vodafone net profit plunges
LONDON. — British mobile phone giant Vodafone reported a 90 percent plunge in annual net profit yesterday after taking a vast impairment charge relating to businesses in debt-laden eurozone nations Italy and Spain.
All set for procurement forum
Business Reporter
BUY Zimbabwe will host a procurement conference and experiential expo next week that will be graced by high-profile people from Government and industry.
Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere is set to be guest of honour at the event scheduled for Monday May 27 at the Meikles Hotel
Robust Zim, SA sales boost PPC’s earnings
Johannesburg. — An improvement in South African and Zimbabwean cement sales helped shore up PPC’s results in the interim period ended March, South Africa’s premier cement maker has said.ZFU now texting farmers
Agriculture ReporterThe Zimbabwe Farmers’ Union has begun using mobile phones to disseminate important information to farmers.
Farmers receive information on farm produce prices and available markets and other information happening in the agriculture industry.
ACR sends SOS to AG’s Office
African Consolidated Resources says it will apply to the Attorney-General’s Office for a stay of proceedings while an appeal against a judgment handed against it was being heard.ACR early this month lost a bid to block its prosecution in a case in which it is being charged with fraud and breaching the Precious Stones Act.