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- businessweekly
- September 7, 2018
- 259 views
African Sun sets aside $2m for renovations
Enacy Mapakame Hospitality group African Sun will spend over $2 million in the last quarter of 2018 towards refurbishing its hotels to international standards to tap into anticipated increase in…
- businessweekly
- September 7, 2018
- 339 views
CBZ not worried by OFAC penalty
Kudzanai Sharara Financial services group CBZ Holdings, says the outcome of ongoing investigations by the US Treasury Department’s Office of Foreign Assets Control (OFAC) regarding historical transactions involving a party…
- businessweekly
- September 7, 2018
- 227 views
White gold blings with $80m
Africa Moyo Cotton is slowly regaining its yesteryear billing as the country’s “white gold” after generating a commendable $80 million this year, driven by the Presidential Inputs Scheme, statistics show.…
- businessweekly
- September 7, 2018
- 276 views
IDBZ to approve $79m for infrastructure projects
Enacy Mapakame The Infrastructure Development Bank of Zimbabwe (IDBZ) is set to approve $79 million worth of infrastructure bankable projects for implementation by year-end. The projects approved during the first…
- businessweekly
- September 7, 2018
- 235 views
IT security firm opens shop in Byo
Natasha Chamba Axis Solutions, an information technology (IT) security firm, has opened a new branch in Bulawayo where it seeks to assist businesses curb cyber-security crime and associated risks. The…
- businessweekly
- September 7, 2018
- 293 views
Are Zim fuel prices correctly pegged?
Clive Mphambela Is the demand for fuel being driven by economic uses or is there a perception that says, our pump prices for fuel are now too low. Late last…
- businessweekly
- September 7, 2018
- 285 views
United Refineries in bid to increase soya bean production
Kudzanai Sharara United Refineries Limited, one of the country’s largest producers of cooking oil, is looking at partnering eligible farmers in the production of soya bean. In a scheme named,…
- businessweekly
- September 7, 2018
- 208 views
Fidelity disburses $100m loan to gold miners
Dumisani Nsingo The gold sector received major impetus after the Reserve Bank of Zimbabwe (RBZ), disbursed $100 million out of the $150 million Gold Development Initiative Fund (GDIF) and plans…
- businessweekly
- September 7, 2018
- 182 views
Sinking Indian rupee remains hostage to oil
Forget Turkey and Argentina. The Indian rupee’s real bugbear is the price of oil. India’s currency had its worst month in three years in August as crude rallied on speculation sanctions…
- businessweekly
- September 7, 2018
- 291 views
Govt bags investors for six mines
Ishemunyoro Chingwere Government is this month expected to announce successful investors for joint venture partnerships with the Zimbabwe Mining Development Corporation (ZMDC) in six of its mining assets for which…