Fact check: Sam Levy’s not for sale
THE upmarket Sam Levy’s Village mall is not for sale and the US$120 million price tag on the iconic property was part of a training exercise for realtors which leaked, … Read More
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Turnall expects to break even at F24 after bad start to year
HARARE – Turnall Holdings says that it will, at best, break even at the end of this financial year after its performance since the beginning of the year was affected … Read More
Mine Entra Expo to showcase latest developments in mining industry
ZIMBABWE’S prime mining showcase, Mine Entra, is considered a vital driver for resource-based industrialisation and serves as a platform to exhibit the latest advancements and innovations in the mining sector, … Read More
Mutapa Investment Fund clusters 66 entities to optimise benefits
THE Mutapa Investment Fund has organised 66 entities in its portfolio including their subsidiaries and state-invested enterprises (SIEs), into five clusters to optimise benefits, a senior official revealed. The current … Read More
ZSE turnover increases by 280 percent
Zimbabwe Stock Exchange Limited (ZSE) turnover for the 2023 financial year increased by 280 percent to $32,909 billion driven largely by listing fees, which saw a 512 percent boost from … Read More
Chinese investor snaps up 51% in Contango’s Hwange coal project
HARARE – Contango Holdings unveiled a new deal which promises to unlock the Muchesu coal project in Hwange Matabeleland North. The company, in a statement, said it had agreed to … Read More
CBZ secures US$80 m credit facility from Afreximbank
In a significant move to bolster Zimbabwe’s economic landscape, the African Export-Import Bank (Afreximbank) finalised an US$80 million facility with CBZ Bank in the Bahamas on June 12, 2024. This … Read More
Mutapa Fund facilitates US$431m Afreximbank loan for NRZ
THE Mutapa Investment Fund (MIF) is facilitating a US$431 million loan facility from Afreximbank to support the National Railways of Zimbabwe (NRZ)’s infrastructural rehabilitation. John Mangudya, chief executive officer at … Read More
RBZ, SecZim design framework for virtual assets trading
THE Securities and Exchange Commission of Zimbabwe (SecZim) and Reserve Bank of Zimbabwe (RBZ) are working on a framework to facilitate the trading of virtual assets, it has been revealed. … Read More
CBZ Bank, Afreximbank ink US$80m trade financing deal
THE African Export-Import Bank (Afreximbank) has signed a US$80 million facility with CBZ Bank to support trade and capex financing for Zimbabwe’s corporates and small-to-medium enterprises (SMEs) in the productive … Read More
