Sunday, December 16, 2018
Tawanda Musarurwa HARARE – Zimbabwe-focused diversified mining group Premier African Minerals is looking to raise £750 000 for its RHA Tungsten operation in Zimbabwe. The placement was made last week on the Alternative Investment Market (AIM). Through the placement, Premier is targeting to raise £750 000 (around $963 000) before expenses at an issue price...
Martin Kadzere Government has issued guidelines to enhance quality of public sector investment preparation to improve bankability of key infrastructure projects to attract investors The guidelines, issued by the Ministry of Finance and Economic Planning recently will help the government and implementing agencies to make sound investment decisions in selecting investors...
Enacy Mapakame Investors from India are planning to set up multi-million dollar state-of-the-art medical facilities in either Harare or Bulawayo as part of their efforts to push for medical tourism in Zimbabwe. The project, to be implemented through public private partnership, will ultimately result in the Indians investing in the entire...
Tinashe Makichi --- Asa Resource Group Plc has received a separate conditional offer from a publicly listed company to acquire the company’s 100 percent shareholding in ASA Headco Ltd, which owns all of the company's material assets. The joint administrators for the company believe that shareholders will get significantly more from...
Leonard Ncube in Victoria Falls --- The $400 million National Railways of Zimbabwe (NRZ) deal is set to be concluded before the end of the year paving way for the revival of the strategic firm. NRZ recently sealed the $400 million funding deal with a consortium led by the Diaspora Infrastructure...
Happiness Zengeni and Golden Sibanda Willoughby’s Investments, a key shareholder in CFI Holdings has, in addition to a standing call for an extra-ordinary general meeting to reverse the sale of Langford Estates, has called for the resignation of three of the company’s directors. The three directors are acting chairperson Grace...
Business Writer The Zimbabwe Asset Management Company (Zamco) is set to convert its $48 million Cottco debt into equity chief executive Cosmas Kanhai has said. The Cotton Company of Zimbabwe’s debts were part of the loans acquired by Zamco following its creation by the Reserve Bank of Zimbabwe for the...
Livingstone Marufu Zimbabwe Stock Exchange-listed entity Seed Co Limited, is in discussions with Government to revive commercial rice production in the country in a move that is expected to save the country as much as $150 million in foreign currency. This comes after the demand for rice drastically increased to over...
The composition of DIDG is impressive. It appears a well-structured entity with sound governance and operational models. The group is a locally represented entity proudly resembling global professional and technical standards. This resonates with a generation eager to contribute more significant input towards the nation that groomed them. A repugnant...
Gains on the Zimbabwe Stock Exchange continued for the week ending Wednesday 18 October 2017, but were slightly lower than those of the previous week ending 11 October 2017. At the close of trading on Wednesday this week, the main Industrials Index had gained 5,91 percent to 515,95. The gains...