“We have 200 to 300 business plans inbound every day and usually every investment team member meets 20 deals per week, so basically each hour you’re meeting a new entrepreneur,” said ZhenFund Chief Executive Officer Anna Fang. Her average check-size is up to triple what it once was.

German banks — jostling for position in one of Europe’s most competitive markets — will plow billions of euros into digitization over coming years to boost revenue. The question is how many will get their money back.The 50 top lenders will spend as much as 6 billion euros ($7 billion) …

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Hedge Fund Managers See Echo of Past Crashes in Markets

The ranks of hedge fund managers expecting impending market chaos are growing.Greg Coffey, the former star manager at Moore Capital Management who started trading at his own firm this year, is comparing the turmoil in May to the end of dotcom bubble in 2000. Horseman Capital Management’s Russell Clark, one …

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China’s Yuan Drop Blindsides Traders, Spurs Worry on Impact

Global investors might shrug at a bear market in Chinese domestic stocks — largely walled off from the rest of the world. But a tumble in the yuan that’s blindsided currency forecasters is now triggering warnings of potential contagion.Greg McKenna, a three-decade foreign-exchange market veteran, said “I don’t talk about …

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Southern African trade conference kicks off

Lovemore Ranga Mataire  in Livingstone, Zambia Athree-day Southern African Structured Trade Conference kicked off yesterday in Livingstone, Zambia where seasoned global and regional experts in commodity exchanges, finance, mineral and agri-business are expected to exchange ideas on how to deepen regional economic integration. The conference is being convened by the …

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Old Mutual relists on ZSE

Business Reporter Old Mutual Limited yesterday relisted its shares on the Johannesburg Stock Exchange (JSE), undertook a standard listing on the London Stock Exchange (LSE) and secondary relistings on stock exchanges of Malawi, Namibia and Zimbabwe. The relisting is the result of Old Mutual plc’s “Managed Separation” strategy, which was …

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What is sustainable sand mining?

There are many drivers of land degradation in Zimbabwe which include deforestation, veld fires, unsustainable farming practices and sand mining. Sand mining is emerging as one of the major drivers to land degradation in urban, semi urban and rural service centres centre as well as growth points, mainly due to …

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Hippo profit rises 42 percent

Enacy Mapakame Profits for the Zimbabwe Stock Exchange-listed entity Hippo Valley Estates for the year to March 31, 2018 jumped 42 percent to $11 million compared with $7,7 million reported in the prior year despite depressed sugar production. Operating profit increased 27 percent to $17 million compared to $13,4 million …

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Be proactive, private sector told

Tawanda Musarurwa  Senior Business Reporter Government’s role is to monitor and regulate the domestic economy, but the private sector should play a more “robust” role in facilitating the creation of an investor-friendly environment, Finance and Economic Planning Minister Patrick Chinamasa has said. The minister’s remarks come within the context of …

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‘Ministers use private emails for govt business’

GOVERNMENT officials are using their private email accounts for official communication, a situation that puts sensitive documents at risk of falling into wrong hands, Finance and Economic Development deputy minister Terence Mukupe has revealed. BY MTHANDAZO NYONI “The issue of fiscalisation, information technology (IT) systems and everything, I have been …

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July 30 election results key to economic recovery

“THE economy, stupid” is a popular phrase in American politics that came about in 1992 as the then United States presidential candidate Bill Clinton used this against sitting President George Herbert Walker Bush. By TATIRA ZWINOIRA The idea behind the phrase was to bring to the attention of American voters …

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