Timothy
- businessweekly
- July 19, 2021
- 133 views
Unki Mines invests US$48mln to boost plant capacity
PLATINUM producer, Unki Mines, has invested US$48 million towards increasing its concentrator capacity, which is expected to boost output by 30 percent.
- businessweekly
- July 19, 2021
- 96 views
AMA reissues $5bln agro-bills
The Agricultural Marketing Authority (AMA) has reissued $5 billion worth of agro-bills, with fresh terms, under the first issue of the $20 billion the authority intends to raise for grain purchases.
- businessweekly
- July 19, 2021
- 208 views
First Capital Bank closes branches
In a move meant to curb the spread of the deadly Covid-19, First Capital Bank has closed some of its branches to allow for the execution of the Covid-19 protective measures.
- businessweekly
- July 19, 2021
- 104 views
Zimbabwe enforces AML/CFT guidelines on insurers
Zimbabwe’s insurance and pensions industry regulator – the Insurance and Pensions Commission – is stepping up efforts to ensure that local players are compliant with anti-money laundering and combatting the financing of terrorism (AML/CFT) reporting obligations.
- businessweekly
- July 14, 2021
- 65 views
Econet seeks early settlement of US$72,9 million debt
Econet Wireless is seeking an early redemption on US$72.9 million worth of its debentures held by both local and foreign investors as the group looks at taking advantage of the availability of foreign currency on the auction system as well as minimize any future exchange losses.
- businessweekly
- July 14, 2021
- 229 views
Zim aims to revive copper mining as global prices soar
Zimbabwe is planning to revive copper mining in the country and the Zimbabwe Mining Development Corporation (ZMDC) has since requested for expression of interest from potential investors.
- businessweekly
- July 14, 2021
- 76 views
Sanctions exit unlocks funds for ZHL
Zimre Holdings Limited is making progress in unlocking funds that were tied up after the group was placed under the US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctions list.
- businessweekly
- July 14, 2021
- 53 views
Tongaat Hulett posts wider headline loss of R1.1bn
Sugar producer and land developer Tongaat Hulett posted a wider headline loss of just over R1.1 billion on Tuesday for its financial year ending March 31, 2021, compared to a headline loss of R285 million for the prior full-year.
- businessweekly
- July 14, 2021
- 94 views
Larfage targets to double cement output
Cement maker Lafarge Cement Zimbabwe Limited is forecasting cement production to increase by 100 percent as its US$25 million capital expansion programme bears fruit.
- businessweekly
- July 14, 2021
- 59 views
World hunger hit 15-year high as virus stifled food access
World hunger spiked last year, outpacing population growth and probably reaching the highest since 2005, as the Covid-19 pandemic curbed incomes and access to food, according to the United Nations.