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Morris Mpala, MoB Capital (Pvt) Ltd INITIALLY we were disturbed by the number of Zimbabweans resident outside the country but now we think it is a blessing.
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Oliver Kazunga, Senior Business Reporter MBCA Bank, one of Zimbabwe’s leading financial institutions, is set to avail $75 million working capital to local companies.
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Business Editor ZIMBABWEANS should not panic over Barclays Bank Plc’s plan to pull out as the move has no cautionary effect on the stability of country’s financial services sector, analysts said.
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Business Reporter ABOUT 500 Metallon Gold Zimbabwe workers at Arcturus Mine who downed their tools a fortnight ago demanding their outstanding wages spread over five months have returned to work.
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RADAR Holdings’ shareholders last week gave the nod for the firm’s exit from the Zimbabwe Stock Exchange.
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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 monies cannot be recovered. The move is captured in the giant bank’s Friday audited financial results for the year ended December 31, 2015.
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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 in an interview last week that discussions with the investors are underway. The minister
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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, citing sources familiar with the matter. Barclays Plc’s new chief executive Jes Staley, who was appointed three months ago, has led a
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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 will today announce an exit of its African operations.
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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 Enterprises and Co-operative Development Minister, Sithembiso Nyoni, revealed this during a small holder livestock workshop in Bulawayo
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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 Mutare. The electrical equipment firm, whose technical partner is Italian company Ansaldo Energia, last
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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 at the end of a two-day meeting of G20 nations in China. Chancellor George Osborne, who is at the event, told the BBC
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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 yesterday, the property investment firm said the two parties are engaged in negotiations and would communicate with the
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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 posted a loss of $5.6 billion in 2015 compared with a loss of $2.5 billion the year before, recently announced
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