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:
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.
Swiss-Zimb Business Chamber appoints 5 new board members
The Swiss-Zimbimbabwe Business Chamber has appointed five new board members to steer the organisation’s operations aimed at promoting trade, business and economic cooperation between the European nation and Zimbabwe.
Investigations into plane crash continue
INVESTIGATIONS into the plane crash in which a member of a South African civilian acrobatic air display team died at Charles Prince Airport in Harare on Tuesday, continue as the Civil Aviation Authority of Zimbabwe and other investigators join hands to get to the bottom of the incident, police confirmed yesterday.