adminPadenga shareholder approve diversification into gold
Shareholders of Padenga Holdings yesterday approved the proposal to acquire a 50,1 percent stake in gold mining firm Dallaglio Investments.
Brainworks to raise $58m for debt-clearance
Brainworks Limited, a Mauritian diversified investment holding company, listed on the Johannesburg Stock Exchange, with an exclusive focus on Zimbabwe, has advised its shareholders of the intention to raise capital to the tune of R85,8 million ($58,3 million local dollars) by way of a renounceable rights offer as part of the drive to clear third party debts, and in particular a loan fast-approaching its maturity on October 17, 2019.
Microfinance loans on the rise
TOTAL loans for the credit-only microfinance sector increased by 26,4 percent to $316,3 million in the quarter ended June 30, 2019 with the bulk of the loans supporting the agriculture sector.
Rusape hospital in sound state
The Ministry of Health and Child Care yesterday dismissed as false, a message which went viral on social media alleging that Rusape General Hospital was now doing laundry in Rusape River.
Emergency medical air rescue service launched
Old Mutual has entered into a partnership with ACE Air and Ambulance services which will see the insurance firm’s clients accessing air ambulance in emergency situations through monthly contributions of $40.
10 years for stealing transformer oil
A Harare man was on Tuesday sentenced to an effective 10 years in prison after he was caught draining oil valued at $150 from a transformer
Provincial mining director angers war veterans
War veterans in Shurugwi are up in arms with Midlands provincial mining director (PMD) Mr Nelson Munyanduri, whom they accuse of seeking to override a court ruling and illegally repossessing mining claims they acquired from Falcon Gold and reallocating them.
Gweru hosts mining indaba
Stakeholders in the mining sector are set to convene in Gweru for an all-stakeholders’ meeting meant to unlock the potential in base minerals and gemstones so that the economy can fully benefit from the precious stones.
Nomadic gospel musician returns
NOMADIC gospel musician, Brighton Parwaringira has returned to launch his third 10-track album “Mwari Mubatsiri” after spending many years touring countries in Southern and Central Africa.
NGO pledges food aid for 100 000 Idai victims
A NON-Governmental Organisation Goal Zimbabwe has pledged to assist over 100 000 people in Cyclone Idai-affected areas in Chipinge as a way of complementing Government efforts.