Jimbata to invest $10m in new plant

Oliver Kazunga Bulawayo Bureau WHOLLY-owned Zimbabwe Lithium Company subsidiary, Jimbata, will before the end of the year invest $10 million in setting up a plant that separates various minerals to be extracted from the Kamativi Tailings Dump. Full lithium production at the defunct tin mine in Matabeleland North is expected …

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Zambian real estate market robust, says report

“There is a lot more local and international money in Zambia’s property market than people think,” says Carl Johan Collet managing partner of Urban Africa Property Group. “Between 2014 and 2017, we have tracked more than $1,3 billion in direct investment into the Zambian property market,” he says. Adding that …

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Weaker yuan squeezes Chinese property developers

Many Chinese developers turned to foreign markets to raise working capital earlier this year when regulators introduced a slew of measures to limit borrowing at home. Now, the sharp depreciation of the yuan is threatening to derail that funding lifeline by making it far more costly to service debt denominated …

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Property companies struggle

Enacy Mapakame Property Reporter Zimbabwe Stock Exchange (ZSE) listed property and construction firms have constituted the bottom 10 performers since the beginning of the year. The property companies have felt the economic pinch as voids, especially in the central business district (CBD) commercial properties increased, affecting the sector. According to …

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ZB Bank trade profitability continues

ZIMBABWE’S ZB Bank, continues to trade profitably and is ahead of its year-to-date budget projections, group chief executive officer Ronald Mutandagayi has said. BY MTHANDAZO NYONI Ron Mutandagayi Addressing delegates at the Institute of Chartered Accountants of Zimbabwe winter school held in Victoria Falls recently, Mutandagayi said the bank was …

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SMEs financing — Weighing options

While we have a number of institutions that are earmarked to help drive growth in the SMEs sector, the major challenge cited by SMEs is access to finance. Dephine Mazambani State-controlled Womens Empowerment Bank was recently launched to give micro-loans to women entrepreneurs According to the FinScope MSME Survey of …

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German investors bank on political certainty

German Chamber of Commerce and Industry (SAGCC) says it will decide on leading a business delegation after a clear political direction in the country following the disputed July 30 elections. BY FIDELITY MHLANGA The chamber’s regional co-ordinator in Southern Africa, Lea Heidemann, told NewsDay that the country’s past wrongs were …

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ZTA reassures tourists

The Zimbabwe Tourism Authority (ZTA) says the country still remains a safe tourism destination despite protests that engulfed Harare’s central business district recently. By Freeman Makopa In a statement yesterday, authorities said the situation had stabilised. “ZTA would like to inform all valued tourists from both the domestic and international …

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Decommissioning of coal plants economic

The global energy landscape is changing rapidly towards the use of environmentally sustainable and affordable energy technologies. South Africa must adapt to this new 21st century environment, acknowledging the need to include a carefully planned transition to smooth the impact, however also ensuring the survival of the planet for generations …

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Zimplow targets share buyback

Enacy Mapakame Business Reporter LISTED agriculture implements manufacturer, Zimplow Holdings, is seeking shareholder approval to buy back 20 percent of the company’s issued ordinary shares to enhance returns for its shareholders. The share buyback would also enhance shareholder welfare, help reduce cost of capital, enhance earnings per share and the …

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