News about Zimbabwe that you can use
Telecel Zimbabwe, which is currently embroiled in a legal battle with government over the cancellation of its operating licence, has appointed Angeline Vere as its new chief executive, the company said today.
(330 VIEWS)
The Zimbabwe Football Association, which is embroiled in bitter fighting within its executive and has failed to foot the bills of the national teams to fulfill their matches, cannot operate outside the jurisdiction of the government, Vice-President Emmerson Mnangagwa told Parliament yesterday.
(356 VIEWS)
The stock of the government’s treasury bills has risen to $338 million as at March this year from $75 million when the instruments were introduced two years ago with state borrowings overtaking private sector lending, latest Reserve Bank of Zimbabwe figures have shown.
(314 VIEWS)
Manufacturing concern Amalgamated Regional Trading (Art) has narrowed its after tax loss to $114 000 for the half-year to March from $1.1 million recorded last year on rising cost of sales despite a modest increase in revenue.
(221 VIEWS)
Struggling ferrochrome producer Zimbabwe Alloys is close to sealing a deal with a consortium of local and a foreign investors who could inject over $50 million in the company.
(275 VIEWS)
Atlas Mara, the London-listed financial services group founded by former Barclays Plc chief executive Bob Diamond and Ugandan billionaire Ashish Thakkar, today announced it had sold its 10 percent stake in emerging Zimbabwean private equity firm Brainworks Capital for $8.72 million.
(357 VIEWS)
Cement maker Lafarge says a capital injection of $7 million in quarry rehabilitation and maintenance last year is starting to bear fruit, reducing production costs by $7 per tonne and offsetting the failure of the company’s export endeavours.
(317 VIEWS)
Seed maker SeedCo has recorded an 11 percent decline in revenue to $95 million for the full-year to March 31 due to maize seed product shortages.
(269 VIEWS)
China has become the top importer of Zimbabwe’s flue cured tobacco this year, overtaking Belgium after the European country increased excise duty on tobacco in its 2015 budget.
(321 VIEWS)
