Posts Tagged ‘Zimbabwe’
A commercial cassava farming business in Nigeria requires crop financing as well as a five-year loan to purchase additional equipment and to upgrade infrastructure.
Zimbabwe’s new airline Fresh Air believes it has identified a gap in the local market for low-cost air travel.
The investment case for Zimbabwe finds an increasingly receptive audience among US corporates.
Renaissance Capital is bullish about the future of the beer industry in Zimbabwe.
Zimbabwe’s real GDP growth for 2011 remains on target for 9.3%, said Grant Flanagan, fund manager at Pan-African financial services group Imara.
Voice of America reports that Zimbabwean President Robert Mugabe’s controversial indigenisation laws are struggling to get through the country’s legislature.
Zimbabwe’s economy is on course to grow by 9.3% in 2011, up from 8.1% last year, mainly on the back of a continued recovery in the key mining and agriculture sectors, Finance Minister Tendai Biti said on Tuesday.
Anglo American Platinum has not received any rejection notice from the Zimbabwean government over its plan to transfer a majority stake in its local operation to black investors, the company’s chief executive said on Monday.
The Zimbabwe Independent reports that eight of the country’s banks are struggling due to the depressed economy.
Foreign-owned banks operating in Zimbabwe, including Barclays Bank, Standard Chartered Bank and Stanbic Zimbabwe, could face “punitive measures” if they fail to transfer majority shareholding to black Zimbabweans.
“We are all politicians, the only difference being some are full-time and some are part-time,” says Johannes Mudzengerere, chairman of the Institute of Directors, Zimbabwe.
A group of Zanu PF youths have seized Easipark, a South African company which had been contracted to manage parking and towing services in Harare.
“At the moment there is no serious specialist business media outlet and we intend to bridge this gap. We have a situation where everyone is just concentrating on politics.”
International investors have been given a positive appraisal of Zimbabwe’s economic prospects for the coming year, despite political challenges and concerns about politicking ahead of any election.
Reuters reports that Zimbabwe will proceed with plans to take controlling stakes in foreign-owned diamond mines in the east of the country but will spare a Chinese-owned mine from nationalisation.