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Zimbabwe's biggest global festival Zimfest received a timely boost when telecoms Giant Econet agreed to become a headline sponsor for the event through their new UK MVNO operation Econet Wireless UK. The recently agreed package will see Econet Wireless UK granted exclusivity as telecoms partner to the event and will open up a number of cross selling opportunities for the two organisations.
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Invesco Perpetual star manager Neil Woodford has committed $25m to a new AIM-listed vehicle which will make investments in troubled African nation Zimbabwe.
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HARARE (Zimbabwe Investor) - As it has become clearer that Zimbabwe will not be experiencing large inflows of foreign direct investment (FDI) as anticipated following the consummation of the inclusive government via the Global Political Agreement (GPA), the country’s ability to trade its diamonds is now being seen a key to any turn around efforts.
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HARARE (Zimbabwe Investor) – Zimbabwe’s inclusive government is to continue prioritising economic growth momentum, President Robert Mugabe has said in his address to open the 3rd session of the 7th Parliament of Zimbabwe in Harare on 13 July 2010 in which he announced a revised growth target for the year to 5.4%.
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HARARE (Zimbabwe Investor) - Zimbabwe’s banking system is facing increasing risks in a number of areas according to the International Monetary Fund (IMF) report released in July following their meeting with Zimbabwean authorities in March 2010.
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HARARE (Zimbabwe Investor) - Zimbabwe’s largest supermarket chain, OK Zimbabwe, generated US$187.5 million in revenue but profitability was weighed down by refrigerator failure emanating from frequent power cuts, Chairman David Lake has said in a statement to shareholders for the announcement of the company’s financial results for the year ending March 31, 2010.
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ZIMBABWE'S gold production this year is set to double despite a lack of capital, frequent power cuts and uncertainty over an ownership law that are stalling the sector's recovery, an industry official said on Wednesday.
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SOUTH Africa-based Impala Platinum Holdings, the world’s second-largest producer of the metal, says it will push ahead with a $500 million expansion in Zimbabwe even as talks with the government about empowerment rules continue.
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LONDON (Zimbabwe Investor) - The World Bank African Diaspora Program (ADP) held a consultative meeting in London with the Zimbabwean Diaspora community.
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Written by Soul Kabweza
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Telecel Zimbabwe yesterday celebrated its attainment of more than one million subscribers at a function held to coincide with the end of the Harare International Festival of the Arts, at which it was one of the major sponsors.
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Tuesday, 27 April 2010 08:02 |
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HARARE (Zimbabwe Investor) - Econet Wireless shareholders are set to receive a cash windfall following the announcement of an impressive set of financial results for the year ended 28 February 2010.
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HARARE (Zimbabwe Investor) - Women’s economic empowerment efforts received a boost following the launch of a new project, “A Woman for All Seasons”, aimed at encouraging networking and the sharing of business ideas and practices amongst Zimbabwean women.
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The Fund, an arm of Investec Asset Management, snatched up 29,6 percent of OK’s US$15 million rights offer, which received a 70,4 percent shareholder support, to make it one of the most successful rights offers this year.
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Thursday, 15 April 2010 07:28 |
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HARARE - ZIMBABWE'S quarterly gold production surged to more than one and a half tonnes on the back of increased mine output, the Chamber of Mines said on Tuesday.
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HARARE - SENATE yesterday passed the Reserve Bank of Zimbabwe Amendment Bill after it had been on the House Order Paper for close to three months.
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HARARE - Zimbabwe's unity government is reviewing rules forcing foreign-owned firms to sell a majority stake to locals, a cabinet minister said on Wednesday, adding that the regulations were published prematurely last month.
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LONDON (Zimbabwe Investor) - TN Holdings, through its financial services arm, TN Bank is to launch an investment trust targeting Zimbabweans in the Diaspora who may wish to take advantage of the improved environment in Zimbabwe as a result of the establishment of the inclusive government in 2009.
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