Afreximbank launches Africa’s due diligence data platform

ABUJA. — The African Export-Import Bank (Afreximbank) last week in Abuja launched “Mansa” — a pan-African customer due diligence platform that will facilitate African trade by providing the single trusted source of primary data required to conduct due diligence checks on counterparties in Africa. According to Afreximbank, the Mansa platform …

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UK stockbroker to woo FDI to Zim

Golden Sibanda Senior Business Reporter The Securities and Exchanges Commission of Zimbabwe (SECZ) has licensed a new strockbrocking firm, Morgan & Co, owned by British investors and two indigenous partners, which has pledged to influence the flow of foreign capital into Zimbabwe. The company, whose local partners are David Muchengeti …

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Zim Airways ready to fly

Africa Moyo Business Reporter Government says one of the four long haul planes acquired from Malaysia, the Boeing 777-200ER, has no mechanical problems and was only taken back to Kuala Lumpur for routine maintenance, which is a prerequisite even if it is not flying. Aeroplanes have a strict regime of …

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Cotton inputs distribution begins

Business Reporter About 400 000 households are set to benefit from the Presidential Cotton Input Scheme this year as Government continues supporting the recovery of the lucrative cotton industry. This was said by Lands, Agriculture and Rural Resettlement Minister Perrance Shiri, at the launch of this year’s scheme in Dande, …

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Golden leaf fails to deliver forex

IH Securities says the economy is yet to feel the impact of the tobacco export proceeds despite being over 90 days into the season. BY TATIRA ZWINOIRA In IH Securities outlook for the month released recently, the local financial markets firm said there is pressure on cash premiums which have …

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Sugar prices up 18%

THE price of sugar has increased by about 18% to $2,25 per 2 kg pack over the past few days due to rising costs of production as well as cost of money, NewsDay has established. BY MTHANDAZO NYONI Confederation of Zimbabwe Retailers (CRZ) president Denford Mutashu said the sugar price …

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Glue maker sticks on forex shortages

ESTABLISHED in 2009, Bulawayo-based Adhesive Products Manufacturers (Pvt) Ltd — the sole suppliers of industrial products such as general adhesive, light contact adhesive, wood glue, among other key products — wants to resume exporting to regional markets. By MTHANDAZO NYONI NewsDay business reporter (ND) Mthandazo Nyoni interviewed the company’s chief executive officer, …

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Delta revenue sparkles

DELTA Corporation Limited has reported a 40% increase in revenue as a result of an upsurge in all its beverage categories which was driven by higher consumer demand during the first quarter of the year. BY FREEMAN MAKOPA In its trading update for the period under review released yesterday, Delta …

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HIT best to understand blockchain tech: ZICT

THE Zimbabwe Information and Communication Technology Division (ZICT) says Harare Institute of Technology (HIT) has some of the best brains in understanding blockchain technology used to develop cryptocurrency, urging the central bank to consult with the university. BY BUSINESS REPORTER In a statement yesterday, ZICT said cryptocurrency is an extremely …

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TelOne’s hackathon to promote mobile financial services

TELONE Centre for Learning (TCFL) will host a mobile financial services hackathon for State-owned mobile operator NetOne in collaboration with South Africa’s FinMark Trust to promote mobile financial services. BY TATIRA ZWINOIRA Finmark Trust said the hackathon was really designed for young innovators interested in financial inclusion. “This hackathon is …

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