Zimbabwe
Exim Bank extends line of credit of $87m to Zimbabwe for renovation
HARARE: Export-Import Bank of India (Exim Bank) said in a press statement on Wednesday that it had, at the behest...
Zimbabwe Newspapers reports H1 revenue of $19.95 mln
HARARE: The country’s biggest media house Zimpapers reported Tuesday in its re-stated half-year financials to June 30, 2015 that its...
TelOne expects to conclude negotiations for $98m loan facility from China’s Exim Bank
HARARE: State owned fixed line mobile operator TelOne says it expects to conclude negotiations for a $98 million loan facility...
Mimosa records 15% decrease in revenue to $53m in Q1
HARARE: Platinum miner Mimosa recorded a 15 percent decrease in revenue to $53 million in the first quarter ended September,...
Zimbabwe Ministry of Agriculture tables proposal for $543m under 2016 budget
HARARE: The Ministry of Agriculture, Mechanisation and Irrigation Development has tabled a proposal for $543 million under the 2016 national...
Tobacco exports increase 29% worth $500m in Zimbabwe
HARARE: Tobacco exports have increased 29 percent as at October 9, earning the country $500 million compared to $406 million...
Fruit exports to Mauritius rise by 30% to $31m over last 4 years
HARARE: Zimbabwe’s under-performing horticulture sector could register strong growth on the back of a sharp increase in global edible fruit...
Zimbabwe Govt mulls importation of power in 2016 to supplement local production
HARARE: Government is mulling the importation of power from the region in 2016 to supplement local production, a government official...
Zimbabwe Power Company signs solar project with Intratrek
HARARE: The Zimbabwe Power Company has signed the country’s first national solar project with private company, Intratrek Zimbabwe, for construction...
Global energy industry needs to invest $13.5 trillion during 2030
HARARE: The global energy industry needs to invest $13.5 trillion through 2030 in efficiency measures and low-carbon technologies in order...
Zimbabwe trade seeks to boost Mozambique exports
HARARE: Trade between Zimbabwe and its second largest export destination, Mozambique is set to improve after business leaders from the...
NetOne plans to create own applications to earn extra revenue
HARARE: Mobile Telecommunications Company NetOne plans to create its own local applications to earn additional revenue for their business following...
Fidelity Life Assurance acquires 81% of CFI Holdings
HARARE: Listed group Fidelity Life Assurance (Fidelity) has acquired 81% of CFI Holdings’ Langford Estates whose principal asset is an...
Zimbabwe access $1 bln for infrastructure development from ATI Agency
HARARE: Zimbabwe will access about $1 billion for infrastructure development from the African Trade Insurance Agency (ATI) if the country...
Inflation rate decreases by 0.34% YOY
HARARE: YEAR-ON-YEAR inflation for the month of September stood at -3,11%, shedding a 0,34% point on August 2015 rate of...
Govt works on reduction of electricity tariffs for mining sector in Zimbabwe
HARARE: Govt is working on the reduction of electricity tariffs for the mining sector in a bid to save the...
IMF sees Zimbabwe economy growth of 2.7% in 2015
HARARE: The International Monetary Fund (IMF) sees Zimbabwe's economy registering a modest growth of 2,7% from a forecast of 1,5%...
Econet reports 52% decline in after tax profit in H1 of 2015
HARARE: Econet Wireless Zimbabwe, the country’s largest telecoms operator on Thursday reported a 52 percent decline in after-tax-profit to $23...
Zimbabwe stock market loses $27 mln during week
HARARE: During the week ending October 2, average deposit rates for savings, one month and three-month tenors remained unchanged at...
Zimbabwe’s mining requires $4b to ramp up output in next 5 years
HARARE: Zimbabwe’s mining lobby body, the Chamber of Mines, says the capital-intensive sector requires US$4 billion in working capital to...
