OPC gives reform milestones at ZITF

Golden Sibanda Senior Business Reporter THE Office of the President and Cabinet (OPC) says it will highlight major milestones Government has achieved thus far in the ongoing doing business reforms programme when it exhibits at the 60th edition of premier trade facilitation event, Zimbabwe International Trade Fair (ZITF). Investor interest …

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Govt avails $6m livestock facility

Africa Moyo Senior Business Reporter GOVERNMENT has availed $6 million to the agriculture development bank, Agribank, to be used for the revival of the country’s wobbly livestock industry. Dubbed The Livestock Facility, the funds are expected to be accessed by qualifying livestock farmers across the country. On Tuesday, Agribank chief …

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Agribank targets $50m in foreign credit lines

BY TATIRA ZWINOIRA AGRIBANK is targeting between US$40 million and US$50 million in fresh lines of credit from international financial institutions for on-lending to exporters, the bank’s chief executive Sam Malaba has said. Speaking to NewsDay after presenting the bank’s financial results for 2018, Malaba said they had previously raised …

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Afreximbank disburses €100m to Mota-Engil Africa

BY STAFF REPORTER Regional lender, African Export-Import Bank (Afreximbank) has disbursed a €100 million facility to a revolving global credit facility to support Mota-Engil Africa implement key developmental projects in Africa. Mota-Engil is a diversified Portuguese firm with projects in Africa ranging from transport and logistics to energy. The company …

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BancABC doubles profits on increased lending

BANCABC’S after tax profit increased more than two-fold to US$10,8 from US$5,2 million in the full year ended December 31, 2018, driven by growth in net interest income as the bank upped its lending. In a statement accompanying the group’s financial results, chairman Alvord Mabhena said the bank’s loan book …

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ZITF kicks-off on high note

BY MTHANDAZO NYONI THE 60th edition of the Zimbabwe International Trade Fair (ZITF) kicked-off on a high note yesterday in Bulawayo with more than 530 companies participating in this year’s trade showcase. The show is running under the theme: “Propagating Industrial Growth through Trade and Investment” which according to the …

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‘ZITF perfect platform to attract investors

Leonard Ncube in Victoria Falls THE 60th edition of the Zimbabwe International Trade Fair (ZITF) this week is a perfect platform to attract investors towards the implementation of the Special Economic Zones (SEZ), an official has said. The ZITF came alive in Bulawayo from yesterday to April 27, 2019, under …

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Rand little changed

South Africa’s rand was little changed in early trade yesterday with investors refraining from making large bets as markets reopened after Monday’s holiday. At 0642 GMT, the rand traded at 14,1550 versus the dollar, 0,04 percent firmer than its overnight close in New York. South African markets were closed on …

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Bloody holidays claim 58

FIFTY-EIGHT people were killed, while 397 others were injured countrywide in 674 road accidents that were recorded during this year’s Independence and Easter holidays. The statistics were recorded between Independence Day and Monday. During the same period last year, 44 people died, while 329 were injured in 757 accidents recorded. …

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Gold heads lower

After recording its lowest weekly close of the year last Friday at $1 275, the XAU/USD pair stayed relatively quiet on Monday amid the Easter holiday and is posting modest losses today as sellers remain in control. As of writing, the pair is trading at $1 272,87, losing a little …

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