© The African Medallion Group (AMG) is diversifying into renewable energy with the aim of becoming an industry leader, as it launches the African Energy Institute (AEI), which coincides with the start-up’s expanding role as a global leader in developing opportunities for Africa by Africans. [GoogleAd] The purpose of the new institute is to create…
© BLUECODE Africa (Bluecode) — a financial technologies (fintech) firm — has made a landmark presence at the world’s premier financial services event in London, United Kingdom. [GoogleAd] The event dubbed Sibos 2019, kicked off on Monday this week and will run until tomorrow. Bluecode director Murray Gardiner said the company is exhibiting at the…
© THE Zimbabwe Stock Exchange (ZSE) has lifted the suspension in trading of Falcon Gold Zimbabwe (Falgold) shares after the company met all conditions that had resulted in the action. [GoogleAd] Falgold had requested for voluntary suspension after it failed to publish its financial statements for the period ended September 30, 2018. “Falgold has since…
© STATE-OWNED telecommunications firm TelOne says it lost over $500 000 in revenues at the weekend after its infrastructure was damaged by small scale miners. [GoogleAd] TelOne’s acting corporate communications head Hazel Ndebele said the miners damaged the company’s cross border link in the Kariba/Makuti area, affecting more than 1 200 clients. The cross border…
© ZIMBABWE’S microfinance sector registered a 15,2 percent increase in the number of active clients to 402 295 during the quarter of March 31, 2019 from 349 341 registered in December last year, latest figures show. [GoogleAd] Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said women borrowers accounted for 39,79 percent of the total number…
© AUSTRALIAN listed lithium developer Prospect Resources is now trading on the Frankfurt Stock Exchange. [GoogleAd] The dual listing is expected to expand the company’s investor reach and increase exposure to European markets. Prospect is currently developing Arcadia lithium mine in Goromonzi. “African lithium developer, Prospect Resources is pleased to announce the dual listing of…
© THE Reserve Bank of Zimbabwe (RBZ) says the country’s broad money supply grew 66,99 percent to $14,78 billion in June 2019, compared to $8,84 billion in June 2018, driven by conversion of foreign currency deposits. [GoogleAd] The central bank noted that the annual growth in money supply also reflected increases in transferable deposits of…
© IN THE past months, prices of basic goods and services have been going up uncontrollably on the back of the ever-increasing parallel market rate for the United States dollar. [GoogleAd] The Daily News on Sunday’s Pauline Hurungudo sat down with National Consumer Rights Association (Nacora) advocacy and campaigns adviser Effie Ncube to discuss the…
© NMBZ Holdings non-performing loans (NPLs) ratio dropped to 3,38 percent during the half year ended June 30, 2019 from 7,43 percent in previous year due to improved collections. [GoogleAd] This comes as the country’s banking sector NPLs to total loans declined from 6,92 percent by the end of last year to 3,95 percent as…
© GLOBAL contracting firm Zhongmei Engineering Group (Zhongmei) says it can help Zimbabwe in mobilising for China-aided projects, as the country seeks to rebuild its shattered economy and infrastructure, officials say. [GoogleAd] This comes as other Beijing-backed companies, including China Jiangxi International Cooperation (CJIC), have also expressed a desire to invest in the country’s renewable…
