Moyo headlines property forum

Africa Moyo Property Reporter LOCAL Government, Public Works and National Housing Minister, July Moyo is expected to headline the ZimReal Property Investment Conference, which roars to life in Harare tomorrow. The one-day conference allows local and regional property investors, developers and practitioners, together with their public sector counterparts to share …

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Tokyo starts 2018 as world’s most traded real estate market

Tokyo overtook London as the world’s busiest real estate market in the first quarter of 2018, with mega-deals and an unusually positive economic outlook driving demand. Investment volumes in the Japanese capital more than doubled to $9,1 billion in the three months to March (2017: $4,3 billion), just beating New …

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Rand sell-off intensifies

The sell-off in the rand and emerging market (EM) currencies intensified amid concerns that EMs will be faced with higher US borrowing costs, Mehul Daya and Walter de Wet of Nedbank’s Corporate and Investment Banking (CIB) unit said yesterday. It said this takes place against the backdrop of the Federal …

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IDBZ raises $26m for housing

Enacy Mapakame Property Reporter The Infrastructure Development Bank of Zimbabwe (IDBZ) raised $26,6 million in 2017 for housing projects across the country, as it pressed ahead with its mandate of infrastructure financing. This comes as State infrastructure bank’s revenue for the year increased by 16 percent to $8,6 million, driven …

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Oil prices fall

LONDON. — Oil prices fell yesterday, pulled down by rising Russian production and the highest US drilling activity in more than three years. Analysts expect higher US output to offset supply curbs by the Organisation of the Petroleum Exporting Countries (OPEC), which have been in place for 18 months and …

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Gold steady

LONDON. — Gold was barely changed yesterday, as investors were uncertain whether the US central bank would signal a tighter future monetary policy at a meeting this week that is expected to boost interest rates. Spot gold was up 0,2 percent at $1,300.16 per ounce at 1345 GMT, drifting between …

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Zim to host housing finance workshop

Property Reporter The African Union for Housing Finance (AUHF), a member-based association of 61 mortgage banks, building societies, housing corporations and other organisations involved in the mobilisation of funds for shelter and housing on the African continent, will next week conduct a two and half day’s workshop at a local …

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How will we know when trade war starts?

Remember when we were all worried about North Korea, but Wall Street was confident that the Trump administration wouldn’t do anything to slow down a booming Wall Street, bubbling manufacturing, and growing economy? Even as the administration has pursued its bumpy romance with Pyongyang, economic conflict is steadily ramping up …

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Powerspeed expansion drive paying off

Enacy Mapakame Business Reporter Profit for hardware retail chain Powerspeed Electrical Limited, for the half year to March 31, 2018 surged 252 percent to $2 million on product range expansion and availability. Turnover jumped 55 percent to $37,2 million compared to $23 million during the same period last year as …

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Tobacco farmers gross over $500m

Livingstone Marufu Business Reporter Tobacco farmers have grossed $515,1 million from 177,8 million kilogrammes that have been delivered 52 days into the 2018 marketing season, a gain of more than $95 million on revenues realised during the same period a year ago. During the same period in 2017, farmers earned …

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