BUSINESS NEWS

CSC recapitalisation deal edges close

THE Cold Storage Company (CSC) recapitalisation deal is expected to be finalised early next month, Lands, Agriculture and Rural Resettlement deputy minister, Davis Marapira has said.Marapira told News...

By Staff reporter | Published: 17 May 2018

TELECOMS & TECHNOLOGY

Telecel board plans recapitalisation

TELECEL Zimbabwe (Telecel) is planning to invest in network expansion as part of strategies to keep ahead of competition in the country's telecommunication industry.This was revealed by the company's ...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Zupco recapitalisation Govt engages private partners

THE Government is pursuing different funding options, including partnering private investors, to recapitalise the Zimbabwe United Passenger Company (Zupco), under a Public Private Partnership (PPP) mo...

By Staff reporter | Published: 01 April 2018

MINING & RETAIL

Hwange seeks $500m recapitalisation

HWANGE Colliery Company Limited (HCCL) needs $500 million to fully recapitalise its operations and working capital of $5 million per month to maintain its status as a going concern.Briefing members of...

By Staff reporter | Published: 06 March 2018

TELECOMS & TECHNOLOGY

Icasa, Cell C at war over recapitalisation

Earlier this month Cell C and Blue Label Telecoms concluded a recapitalisation of the network operator that was two years in the making, htxt reported.But now the Independent Communications Authority ...

By Staff reporter | Published: 31 August 2017

TRANSPORT & TOURISM

NRZ relishes recapitalisation move

The National Railways of Zimbabwe (NRZ) is positioning itself to reclaim its market share following its milestone partnership with a private firm that will see a US$400 million recapitalisation. 2017...

By Staff reporter | Published: 28 August 2017

OPINION

Recapitalisation to breathe life into NRZ

THE $400 million National Railways of Zimbabwe (NRZ) recapitalisation project has put the limelight on the country's rail utility as it gears for revitalisation.Some people are asking if the NRZ is st...

By Nyasha Maravanyika | Published: 09 August 2017

TRANSPORT & TOURISM

Swiss firm bid for NRZ recapitalisation

The State Procurement Board (SPB) yesterday unveiled six investors interested in the recapitalisation of the state-owned, National Railways of Zimbabwe (NRZ).NRZ infrastructure, which includes the rai...

By Staff reporter | Published: 05 July 2017

INDUSTRIALS & ENERGY

Zimpapers recapitalisation nears completion

Zimbabwe's largest news media house Zimbabwe Newspapers (1980) Limited's re-capitalisation efforts are nearing full circle and the company expects an improved profitability in FY2014.Group chief execu...

By Staff reporter | Published: 27 June 2014

INDUSTRIALS & ENERGY

PG raises funds for recapitalisation

PG Industries is looking to bring on board strategic partners to enhance the group's capital position and complement the initiatives being made to restructure creditor balances.In a circular to share...

By Staff reporter | Published: 25 February 2014

FINANCIAL SERVICES

Trust Bank's recapitalisation hangs in the balance

THE recapitalisation of Trust Bank is hanging in the balance amid revelations that its potential investor, Mining Oil and Gas Service, a South African-based firm will only inject money into the bank ...

By Business Reporter | Published: 26 November 2013

FINANCIAL SERVICES

AfrAsia Kingdom release recapitalisation circular

AfrAsia Kingdom released a circular relating to its proposed recapitalisation by up to $100m through a Rights Offer and a Private Placement.An EGM of the company shall be at 100hrs on Friday 29 Novemb...

By Staff reporter | Published: 20 November 2013

FINANCIAL SERVICES

IDC needs $100m for recapitalisation

The Industrial Development Corporation (IDC) of Zimbabwe says it needs more than $100 million to recapitalise its subsidiaries.The proposed funds are aimed at reviving the corporation's divisions, whi...

By Staff reporter | Published: 10 September 2013

TELECOMS & TECHNOLOGY

TelOne requires $30m for recapitalisation

TelOne says it is still pursuing various strategies in the recapitalisation drive which is aimed at upgrading the parastatal's infrastructure and improving business viability.The telecommunications fi...

By Business reporter | Published: 08 September 2013

INDUSTRIALS & ENERGY

NatFoods plans massive recapitalisation

Zimbabwe Stock Exchange (ZSE) listed diversified conglomerate, National Foods says it is set to inject close to $7 million on capital expenditure as part of efforts to improve the operations of the ma...

By Staff reporter | Published: 06 September 2013

FINANCIAL SERVICES

ZB courts investors for recapitalisation

ZB Financial Holdings (ZBFH) says it is actively engaged with prospective investors for possible recapitalisation of the group through a private placement.The group already plans to complete the me...

By Business reporter | Published: 25 August 2013

MINING & RETAIL

Gold mining requires $60m recapitalisation

The Chamber of Mines says Zimbabwe's gold mining industry requires US$60 million annually to recapitalise operations.A survey carried out by the Chamber of Mines estimates that the gold mining industr...

By Business reporter | Published: 19 August 2013
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