adminPakistan hangs assassin of anti-blasphemy law governor
Pakistan has hanged the assassin of a governor who sought to reform the country’s controversial blasphemy laws, officials and supporters said. Mumtaz Qadri – feted as a hero by many supporters…
CBZ writes off $24m bad debts
Oliver Kazunga Senior Business Reporter— FINANCIAL group CBZ Holdings has written off $24 million in bad debts after considering that some of its borrowers can no longer pay back and the…
Investors show interest in NRZ
Harare Bureau— THE government says it is negotiating with two serious companies that have shown interest in revitalising the National Railways of Zimbabwe. Transport and Infrastructural Development Minister Joram Gumbo said…
Barclays exit shocker…Set to pull out of Zim as British bank plans Afrexit
BARCLAYS Bank Plc is set to pull out of Zimbabwe as part of an Africa-wide exit to focus on its core British and American markets, the Financial Times has reported,…
Barclays Africa’s share price slides as investors brace for sale
JOHANNESBURG — Despite reiterating that it “remains committed to Africa”, Barclays Africa Group Limited’s (BAGL) share price came under considerable pressure in early morning trade yesterday, following speculation that Barclays…
Iranian keen to invest in ostrich project
Oliver Kazunga Senior Business Reporter AN Iranian investor has expressed interest in partnering local small holder farmers in a project to breed up to 2,000 ostriches in the country. Small to Medium…
Helcraw secures $120m
Harare Bureau LOCAL electrical equipment manufacturer, Helcraw Electrical (Pvt) Limited, has secured $120 million from the African Import and Export Bank for the construction of an emergency power plant in…
Brexit a global economy ‘shock’: G20 leaders
Finance ministers from the world’s leading economies have warned of a “shock” to the global economy if the UK leaves the EU. The ministers gave their opinion in a statement released…
Dawn takes over Makasa Sun
Bianca Mlilo Business Reporter Dawn Properties Limited has announced a plan to take over Barclays Bank of Zimbabwe’s 50 percent stake in Makasa Sun (Private) Limited for $14,6 million. In a statement…
Anglo shuts down Botswana coal operations
ANGLO Coal will shut down its operations in Botswana following a strategic decision by parent company, Anglo American to divest out of all but three commodities.The global mining giant, which…