Crypto ban: It’s all about the money . . . as Golix tells investors to get their money out

Jeffrey Gogo It’s been a dramatic past few weeks for the cryptocurrency sphere in Zimbabwe, particularly for the country’s first and biggest digital money exchange Golix.

CZI calls for fair treatment from Govt

Taurai Mangudhla Industry has accused Government of prioritising foreign investors over their domestic counterparts amid fears local business will be swallowed and or pushed out by large multinationals.

Old Mutual shares channel funds in, out of Zim

Kudzanai Sharara More than two million Old Mutual ordinary shares were transferred from the Zimbabwean register in 2018 as investors, both local and foreign, continue to use the counter as…

Barclays Zim sees benefits in cutting off global nexus

Tawanda Musarurwa When Barclays Plc first announced plans to divest from Zimbabwe, no one would have dreamt that the Zimbabwean operation — Barclays Bank Zimbabwe — would end up in…

Olivine in $24m expansion drive

Martin Kadzere Olivine Industries Ltd, a local unit of Wilmar International, has embarked on a $24 million plant upgrade, as it seeks to expand its food portfolio with new products.

Econet capitalises on cash shortage

Kudzanai Sharara The country’s digital services giant Econet Wireless Zimbabwe, this week reported its results for the year ended 28 February 2018 showing phenomenal growth in its profits which were…

New ethanol project for Mashonaland West

Africa Moyo Government is working towards producing ethanol from cassava in Mashonaland Central, as part of efforts to increase the availability of the commodity in the country for fuel blending…

Mines gear up for 2030 vision

Ishemunyoro Chingwere The Ministry of Mines and Mining Development will purse deliberate policies and strategies that feed into President Mnangagwa’s vision to help quicken Zimbabwe’s aspiration to become a middle…

StanChart seeks more funds from UK’s CDC

Martin Kadzere and Golden Sibanda Standard Chartered Zimbabwe is mulling engaging United Kingdom development finance institution, CDC, for an additional loan funding to support private sector, as it emerged Britain’s…

Zimbabwe takes F D I drive to Canada

Golden Sibanda A Zimbabwean delegation comprising government and private sector officials descends on Canada next week to lure Foreign Direct investment (FDI) into its lucrative mining sector from one of…

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