Posts Tagged ‘Zimbabwe’

21-year-old Zimbabwean questions Obama on US ‘targeted’ sanctions

Entrepreneur asks Obama some critical questions about the US’s relationship with Africa.

Fund manager explains why he is investing in Zimbabwe

“I far prefer to invest in companies where things are dire and the dire scenario is expected to persist.”

Zimbabwe is in a position to attract investors, says CEO

Zimbabwe’s rich mineral resources will drive economic growth in the country.

‘Zimbabwe is picking up, but business people need patience’

“The Zimbabwean retail sector is actually booming at the moment. There is a huge amount happening,” says Marc Sternberg, MD of Spark ATM Systems.

Nigerian cassava farm seeking finance to boost crop production

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.

Fresh Air sees potential for no-frills service in Zimbabwe

Zimbabwe’s new airline Fresh Air believes it has identified a gap in the local market for low-cost air travel.

US investors becoming more open to the idea of investing in Zimbabwe

The investment case for Zimbabwe finds an increasingly receptive audience among US corporates.

Zimbabwe’s beer market poised for growth, says Renaissance

Renaissance Capital is bullish about the future of the beer industry in Zimbabwe.

Zimbabwe has one of Africa’s highest growth rates, says fund manager

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.

Zimbabwe: Indigenisation laws struggling to get through parliament

Voice of America reports that Zimbabwean President Robert Mugabe’s controversial indigenisation laws are struggling to get through the country’s legislature.

Zimbabwe economy to grow by 9.3% in 2011, says government

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.

Mining firm sees long-term potential in Zimbabwe

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.

Eight Zimbabwean banks in unhealthy positions

The Zimbabwe Independent reports that eight of the country’s banks are struggling due to the depressed economy.

Zimbabwe: Foreign banks told to comply with empowerment laws

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.

Corporate Zimbabwe should give direction to politicians

“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.