© ASA Resources Group (ASA) has finally exited Bindura Nickel Corporation (BNC), the country’s largest nickel producer, after agreeing to dispose of its 74,7 percent majority shareholding to Sotic International, a Mauritius-based firm. [GoogleAd] In a renewed cautionary statement on October 30, BNC said ASA had concluded the sale of its controlling interest in the…
© MINING sector executives will converge at the Meikles Hotel in Harare on Wednesday to give their perspectives on the US$12 billion mining sector roadmap to run until December 31, 2023. [GoogleAd] Around mid-last month, President Emmerson Mnangagwa launched the blueprint that seeks to grow the mining industry to US$12 billion within the next four…
© ZIMBABWEAN entrepreneur Itai Manyere is gunning for the Junior Chamber International (JCI) presidency. Manyere, who was nominated the 2020 JCI World presidential candidate in May this year, is expected to use the position to enhance Zimba- bwe’s image, showcasing the country’s economic opportunities for compatriots and foreign investors. [GoogleAd] If he clinches the prestigious…
© STANBIC Bank (Stanbic) has launched a new low-cost transactional account to benefit most unbanked individuals, including university students and sole traders, as the institution complements the Reserve Bank of Zimbabwe (RBZ)’s focus on financial inclusion. The account is aptly named BluEase, depicting how easy it is to open without the usual Know Your Customer…
© ZIMBABWE Stock Exchange (ZSE)-listed Cassava Smartech came of age last week when it held its inaugural annual general meeting (AGM) as a separate entity from Econet Wireless Zimbabwe, from which it was demerged. Cassava Smartech was listed on December 18, 2018, following its successful demerger from Econet Wireless Zimbabwe. [GoogleAd] On November 4, 2019,…
© AUSTRALIA- BASED Lithium Prospect Resources (Prospect) says the Zimbabwean government’s policies remain a threat to investment. Prospect owns a 87 percent stake in Arcadia Mine, one of the largest hard-rock lithium mines in the world. Like many companies operating in the southern African country, Prospect is grappling with the unstable environment and incessant changes…
© BUSINESSMAN Philip Chiyangwa and the Harare City Council (HCC) have stepped up efforts to regularise the development of his Nyarungu Estate by signing a memorandum of agreement with Pinnacle Property Holdings, it has been established. This comes as reports suggested that the Zvimba South legislator was in the process of finalising the transfer…
© A leading South Africa precious metals dealer African Medallion Group (AMG) has proposed to the Reserve Bank of Zimbabwe (RBZ) the launch of a digital currency backed by physical gold, with an aim to increase the use of bullion as an accepted form of electronic money. [GoogleAd] AMG said in an October 18 letter to Reserve Bank…
© MediPay, a Zimbabwe-based health care finance provider, has partnered with UK-based Fintech company, SympliFi, to enable Zimbabweans to finance their health care related expenses using their family abroad as guarantors. [GoogleAd] MediPay provides affordable and flexible medical payment plans to patients unable to afford the upfront cost of a medical procedure or equipment, or…
© SOUTH Africa’s dominance on regional markets is a major cause for concern, top industri- alist and United Refineries chief executive Busisa Moyo has said. Moyo said Zimbabwe and other Sadc countries must explore new markets to grow their export base. South Africa remains the country’s top trading partner, accounting for the biggest chunk of…
