PREMIER African Minerals has finished building a lithium processing plant at its Zulu mine in Zimbabwe and expects to start production of…
GOVERNMENT has hailed a move by leading hospitality group, African Sun Limited, to list in the resort city of Victoria Falls Stock Exchange (VFEX). This, the government said, was a boost for the entire tourism industry, which has lately been on a revival path following Covid-19 disruptions. Addressing delegates during the official listing of the…
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THE Cotton Company of Zimbabwe (Cottco) says they are expecting to buy more than 90 000 metric tonnes of cotton this marketing season, which is double what was harvested last season. Speaking to the Daily News yesterday, Cottco board chairperson, Sifelani Jabangwe said the improved output was necessitated by a good farming season made possible…
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ZIMBABWE will showcase its investment opportunities during a continental information communication technology conference, Transform Africa Summit, to be held in the resort town of Victoria Falls from 26 to 28 this month, a Cabinet minister has said. Speaking during a post-Cabinet briefing on Tuesday night, Information minister Monica Mutsvangwa said an inter-ministerial organising committee had…
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THE European Union (EU) — a political and economic alliance of 27 countries — bloc will be participating for the first time at the Zimbabwe International Trade Fair (ZITF) in Bulawayo this month, in a move seen as thawing relations between Harare and the West. This comes at a time when the government has been…
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THE Victoria Falls Stock Exchange (VFEX) is achieving significant milestones in line with the thrust of ensuring capital markets play their role…
AFC Commercial Bank (AFC) reported a five percent jump in gross loans and advances for the year ended December 31, 2022, on the back of improved economic activity and exports. The country’s biggest agricultural lender said gross loans and advances totalled $265 billion during the year under review. “The individual loans accounted for 41 percent…
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THE Infrastructure Development Bank of Zimbabwe (IDBZ) says it managed to disburse US$35 000 towards projects preparation and development during the year ended December 31, 2022, which remains insignificant in light of what is required. The development financial institution required US$3 million for preparation funding during the year according to IDBZ’s chief executive Zondo Sakala….
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PREVAIL International Group chairperson Tempter Paul Tungwarara is set to launch the first Zimbabwean-owned one-stop social media chat application, Talk Chart, which…
THE acquisition of Standard Chartered Bank Zimbabwe (StanChart) by a new investor will be concluded in the final quarter of the year, the bank has said. In a statement accompanying StanChart’s financial statements for the year ended December 31, 2022 chairman Samuel Mushiri said the process was progressing well and would not have any adverse…
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