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INDUSTRIALS & ENERGY

ZSE clears Stalap to offer for CFI shares

THE Zimbabwe Stock Exchange (ZSE) listing committee has allowed Zimre Holdings Ltd's investment vehicle, Stalap Investments to make a mandatory offer to CFI Holdings Limited minority shareholders.This...

By Staff reporter | Published: 13 July 2017

TELECOMS & TECHNOLOGY

Liquid Telecom secures $700m for growth

PAN African telecommunications group, Liquid Telecom has secured a $700 million bond and term loan facility aimed at supporting the group's existing debt and growth strategy.The financing package was...

By Staff reporter | Published: 13 July 2017

BUSINESS NEWS

RBZ seeks $500 million facility

The Reserve Bank of Zimbabwe (RBZ) is seeking a $500 million facility to cover the foreign currency gap that will widen when the 2017 tobacco marketing season closes.Tobacco is Zimbabwe's top foreign ...

By Staff reporter | Published: 13 July 2017

BUSINESS NEWS

Zim applies for $153m China EximBank loan

THE Government has made an application for a $153 million loan facility from China EximBank for the upgrade of Harare International Airport.Harare International Airport, with a passenger capacity of ...

By Staff reporter | Published: 13 July 2017

POLITICS

ConCourt dismisses bid to invite UN poll observers

THE Constitutional Court (ConCourt) yesterday dismissed an application by one of next year's presidential aspirants, Ignatius Masamba, to cause Parliament to order a national referendum to find out i...

By Staff reporter | Published: 13 July 2017

TRANSPORT & TOURISM

Zimbabwe tourist arrivals up 6%

TOURIST arrivals into Zimbabwe increased by six percent to 479 718 during the first quarter compared to the same period last year, statistics from the 2017 first quarter tourism performance report sho...

By Staff reporter | Published: 13 July 2017

TELECOMS & TECHNOLOGY

Econet to embark on major data network upgrade

Econet Wireless Zimbabwe, which controls 98 percent of the Long Term Evolution data customer market share, has announced a major data network upgrade that will see the mobile network market leader ach...

By Staff reporter | Published: 13 July 2017

FINANCIAL SERVICES

Zim starved of international banking support

Zimbabwe is starved of access to foreign finance and only has three international banks availing credit to the country due to isolation and sanctions that Western countries imposed, the central bank ...

By Staff reporter | Published: 13 July 2017

MINING & RETAIL

PPC Zimbabwe lobbies govt on concrete roads

LOCAL cement producer, PPC Zimbabwe, has started lobbying the government to move away from asphalt roads and turn to concrete roads, saying the latter were more durable.Another cement manufacturer, La...

By Staff reporter | Published: 13 July 2017

POLITICS

'Chiyangwa sold land he didn't own'

CHEGUTU Municipality's 1974 council records have confirmed that the 529-hectare piece of land reportedly sold to the National Social Security Authority (NSSA) by businessman, Philip Chiyangwa belongs ...

By Staff reporter | Published: 13 July 2017

Caps United dislodge Dembare

DESPITE bowing out of the CAF Champions League in the group stages, CAPS United have made giant strides on the CAF Club rankings by moving from 51st to 24th position and the Green Machine are now Zimb...

By Staff reporter | Published: 13 July 2017

FINANCIAL SERVICES

'Rampant corruption threatens Zimbabwe banking sector'

DEPOSITORS Protection Corporation (DPC) chief executive officer, John Chikura, has said the worsening economic crisis facing the country was hindering the performance of most banks, but warned that mo...

By Staff reporter | Published: 13 July 2017

BUSINESS NEWS

Zinara finance bosses in $300,000 scam

The Zimbabwe National Roads Administration (ZINARA) finance director, Simon Mudzingwa Taranhike and finance manager, Shadreck Matengabadza were arraigned before the court on criminal abuse of office c...

By Staff reporter | Published: 12 July 2017

BUSINESS NEWS

RBZ asked to allow once off payment to pensioners

The government through the Ministry of Public Service, Labour and Social Welfare has appealed to the Reserve Bank of Zimbabwe (RBZ) to allow banks to give pensioners once off payment for their monthly...

By Staff reporter | Published: 12 July 2017

POLITICS

Mugabe's police use tear gas on opposition supporters

Police in Zimbabwe have fired tear gas and water cannons to disperse dozens of opposition supporters protesting what they say are plans to rig next year's presidential election.The main opposition MDC...

By Staff reporter | Published: 12 July 2017

FINANCIAL SERVICES

NMB helps parents ensure prompt payment of school fees

NMB Bank is now offering school fees loans to working parents, no matter what school their children are attending, enabling them to ensure that school fees are paid in full and on time.The loan is ava...

By Chengetai Chinembiri | Published: 12 July 2017

ZSE TODAY

Market Commentary 12 July 2017

INDUSTRIALSThe Industrial Index lost a further 0.07 points (0.04%) to close at 197.85 points. SEEDCO (SEED.zw) traded $0.0337 lower at $1.3663 whilst ARISTON (ARIS.zw) dropped $0.0020 to settle at $0...

By zse | Published: 14 July 2017

Mangudya seeks to plug black market

The Reserve Bank of Zimbabwe (RBZ) is planning to plug the parallel financial markets and ease the current cash crisis by re-establishing Bureaux de Changes, more than 15 years after they were closed....

By Staff reporter | Published: 12 July 2017

TRANSPORT & TOURISM

Working conditions at NRZ deteriorate

WORKERS at the moribund National Railways of Zimbabwe (NRZ) are working under dangerous conditions as the cash-strapped parastatal continues to struggle to acquire the necessary safety clothing and eq...

By Staff reporter | Published: 12 July 2017

SOCCER

Mushekwi's wife files for divorce

China-based former Warriors striker, Nyasha Mushekwi's estranged wife, Luminitsa Dumbisa Mushekwi, has filed a decree of divorce and a $3 500 monthly maintenance claim against her husband, saying the ...

By Staff reporter | Published: 12 July 2017

CRICKET

Heath Streak warns other top cricket nations

Zimbabwe national team coach, Heath Streak has fired warning shots at other cricket nations after the Chevrons completed an historic 3-2 one-day international (ODI) series win over Sri Lanka in Hamba...

By Staff reporter | Published: 12 July 2017

POLITICS

Anti-Mugabe coalition body blow

THE proposed coalition of opposition parties to challenge President Robert Mugabe in next year's elections was thrown into serious doubt yesterday after one of the key figures, Tendai Biti, unveiled h...

By Staff reporter | Published: 12 July 2017

BUSINESS NEWS

Informal sector contributes 50% to economic growth

ZIMBABWE's informal sector could be the sixth largest in the Sub-Saharan region, contributing between 40 percent and 50 percent to economic growth - an estimated $7 billion - especially for the four-y...

By Staff reporter | Published: 12 July 2017

TRANSPORT & TOURISM

NRZ selects preferred investor

THE National Railways of Zimbabwe (NRZ) has started the adjudication process to select the winning bidder from the six potential investors it has shortlisted under its $400 million recapitalisation in...

By Staff reporter | Published: 12 July 2017

TELECOMS & TECHNOLOGY

NetOne accuses ex-CEO of sabotage

Government owned telecommunications company, NetOne has accused its ousted CEO, Reward Kangai of attempting to frustrate the process of seeking his replacement through frivolous litigation.In papers f...

By Staff reporter | Published: 12 July 2017

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