News about Zimbabwe that you can use
Venture Capital for Africa (VC4Africa) founder Ben White says Zimbabwean entrepreneurs have to learn to use available resources to start-up businesses that can create job opportunities and attract international investors.
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Government has amended requirements for recipients of business loans under the Youth Development Fund (YDF), to make it mandatory for applicants to have business training, after experiencing a high default rate, youth minister Francis Nhema has said.
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Trade between Zimbabwe and the European Union is this year seen rising significantly driven by the growing demand for the African country’s sugar and tobacco, an official has said.
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Econet Wireless Zimbabwe has reported a 30 percent decline in after tax profit to $49.6 million for the six months to August compared with the same period last year as revenue growth continues to slow down, company financials showed yesterday.
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Zimbabwe’s net foreign direct investment flows are seen contributing a meagre two percent of the gross domestic product over the next two years as the Southern African nation misses out on strong Sub Saharan Africa growth rates, an International Monetary Fund regional economic outlook report has shown.
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South African diamond executive Ernest Blom allegedly traded in Marange diamonds long before he decided to team up with United States sanctions buster C Gregory Turner and even boasted about his involvement, the former chief executive of African Consolidated Resources, Andrew Cranswick told United States embassy officials in November 2008.
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Zimbabwe’s largest mobile phone operator Econet Wireless Zimbabwe sees data and value added services contributing 30 percent of total revenue by 2016, but with low profit margins as consumers migrate to internet based applications, an official said yesterday.
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Riot police yesgterday rescued of the management of troubled AfrAsia Bank’s Mutare branch after some civil servants turned rowdy when they failed to access their salaries, police said, a sign of the deepening crisis at the bank.
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