adminEIB lines of credit to local banks top e25m
The European Investment Bank (EIB) has pledged to continue supporting Zimbabwe’s post Covid 19 economic recovery initiatives after the bank extended a combined €25 million (US$26,82m) in lines of credit to two local banks for lending to productive sectors.
Ex-David Whitehead chief Chimanye disposes stake
Former David Whitehead Textiles Ltd (DWTL) chief executive officer and majority shareholder Edwin Chimanye has disposed of his stake in Zimbabwe’s largest garment making firm.
IDBZ evaluates $1bn infrastructure projects
The Infrastructure Development Bank (IDBZ) says it is evaluating private sector projects worth $1 billion from the energy, mining and irrigation sectors for funding in line with the bank’s mandate of supporting infrastructure development in the country.
Zambia now top Chinese FDI destination
Chinese President Xi Jinping on Tuesday held a phone conversation with his Zambian counterpart, Hakainde Hichilema. President Xi hailed the all-weather friendship between China and Zambia, stressing bilateral friendship is…
China in new measures to support economy
China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how provincial governments implement…
BRIEFLY . . .Euro-zone inflation hits record
Euro-zone inflation accelerated to an all-time high, intensifying the debate at the European Central Bank about how rapidly to raise interest rates from record lows. Consumer prices jumped 8,1 percent…
Due diligence when buying company-owned property
Further to the previous articles I have written on due diligence when buying immovable properties this one focusses on due diligence when buying a property registered in the name of a company. There are two main ways such properties may be sold, namely:
TRAGIC SA PILOT NAMED
THE South African pilot who died after his plane crashed during an air display at Charles Prince Airport in Harare on Tuesday afternoon has been identified as Mark Sampson. Known…
Govt to ramp up fertiliser production
In light of ongoing instability in Eastern Europe, which has affected exports of a number of key commodities, the Government is looking at ramping up production of fertilisers, Industry, and Commerce Minister Dr Sekai Nzenza said yesterday.
Maid (18) raped at knifepoint
Zvikomborero Parafini A GLEN Norah man has appeared in court to answer rape and assault charges after he allegedly raped his maid at knifepoint.