MINING & RETAIL

Diamond deposits discovered in Mashonaland East

RICH diamond deposits have been discovered in Marondera West, with government saying it would only start mining operations after crafting a new diamond law in August.President Emmerson Mnangagwa confi...

By Staff reporter | Published: 13 June 2018

BUSINESS NEWS

Zimbabwe lacks capacity to issue sovereign bonds

Zimbabwe lacks capacity to issue sovereign bonds for its Sovereign Wealth Fund at the moment, a regional think-tank has warned, following a government announcement on launch of the fund shortly impend...

By Staff reporter | Published: 26 April 2018

BUSINESS NEWS

Zimbabwe plans to issue sovereign bonds

Zimbabwe is considering issuing between $2.5 and $3.5 billion in sovereign bonds after elections set for July and will use some of the money to clear arrears to foreign lenders, Deputy Finance Ministe...

By Reuters | Published: 24 April 2018

BUSINESS NEWS

Zimbabwe sovereign risk improves

International research firm, NKC Economics (NKC), a unit of leading global advisory firm Oxford Economics, has revised its outlook on Zimbabwe's sovereign risk rating from negative to stable, citing p...

By Staff reporter | Published: 08 March 2018

BUSINESS NEWS

Buyanga offers R1bn for Zim's sovereign wealth fund

The African Medallion Group (AMG) says it has mobilised Rand 1 billion worth of gold assets, which can be leveraged to jump-start Zimbabwe's sovereign wealth fund (SWF).This also comes as the Johannes...

By Staff reporter | Published: 31 January 2018

OPINION

Mnangagwa must create a sovereign wealth fund

PRESIDENT Emmerson Mnangagwa, refreshingly, is giving economic matters an inordinate amount of attention.He is hitting the right notes with forward-looking pronouncements such a lean cabinet, promises...

By Brett Chulu | Published: 02 December 2017

BUSINESS NEWS

ZIMRA proposes severe penalties

THE Zimbabwe Revenue Authority (ZIMRA) is contemplating legislative measures to ensure severe penalties to tax evaders in a bid to force compliance and boost revenue.ZIMRA board chairperson, Willia Bo...

By Staff reporter | Published: 19 October 2017

TELECOMS & TECHNOLOGY

Vere appointed new Telecel boss

Angeline Vere has been appointed as Telecel Zimbabwe (Telecel)'s new chief executive with effect from June 1, 2015.The trained lawyer, who has been the company's general manager for years, takes over ...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Rich gold deposits discovered in Nyanga

New rich gold deposits were recently discovered by artisanal miners in Nyanga. Mines commissioner for Manicaland Province Mr Agripa Chimusasa said in an interview last week that the discovery of new ...

By Staff reporter | Published: 26 May 2014

BUSINESS NEWS

Zimbabwe hit by severe power cuts

Zimbabwe has been hit by severe electricity outages following a breakdown at a power plant that accounts for about half its national production, state utility ZESA said on Thursday. Homes and business...

By Reuters | Published: 03 March 2014

POLITICS

Chinamasa tables Sovereign Wealth Fund Bill

Finance Minister Patrick Chinamasa yesterday tabled the Sovereign Wealth Fund of Zimbabwe Bill in the National Assembly. The Bill seeks to establish a fund administered by a board whose objective is t...

By Staff reporter | Published: 31 January 2014

BUSINESS NEWS

'Sovereign Wealth Fund long overdue'

THE Zimbabwe National Chamber of Commerce has called for the business community to closely work with Government in the implementation of the economic blueprint, Zimbabwe Agenda for Sustainable Socio...

By Staff reporter | Published: 01 December 2013

POLITICS

Cabinet approves Sovereign Wealth Fund Bill

Cabinet has approved the Sovereign Wealth Fund Bill, paving way for the establishment of the fund to be anchored by the country's abundant mineral resources.Zimbabwe has said it wanted to create a Sov...

By Staff reporter | Published: 18 November 2013

BUSINESS NEWS

Zim plans sovereign wealth fund law

Zimbabwe plans to craft a law to set up a sovereign wealth fund by next February - but it may not have any money at first as the government desperately needs to develop the country's crumbling infras...

By Reuters | Published: 31 October 2013

BUSINESS NEWS

Sovereign Wealth Fund plans hailed

Analysts have hailed Government's plans to set up a Sovereign Wealth Fund that is aimed at raising capital from internal resources to support wealth creating sectors to ensure sustainable economic gro...

By Business Reporter | Published: 02 October 2013

POLITICS

Zimbabwe to unveil a Sovereign Wealth Fund

Government is expected to unveil a Sovereign Wealth Fund aimed at raising capital from internal resources to sustain economic requirements.The establishment of the fund is also expected to solve depen...

By Business reporter | Published: 27 September 2013

JOBS

Internship at deVere Group South Africa

Description of deVere Group South Africa Internship            deVere Group is the world's largest independent international financial consultancy. We prov...

By deVere Group South Africa | Published: 23 August 2013

AFRICA BUSINESS

VTB halts Mozambique sovereign debt plan after clashes

Rebel clashes with government forces in Mozambique has prompted VTB Group, Russia's second-largest bank, to halt a proposed sovereign debt transaction in the country. Rebels tied to the opposition Moz...

By Bloomberg | Published: 23 August 2013

BUSINESS NEWS

Less than 20 000 tonnes of maize delivered

An increase in the maize producer price has failed to translate into improved deliveries to the Grain Marketing Board amid reports that nearly 20 000 metric tonnes have been delivered to national si...

By Business reporter | Published: 19 August 2013

FINANCIAL SERVICES

deVere group 'zooms in' on Zimbabwe

Belgian-based financial consultancy and investment firm deVere Group (deVere) plans to strengthen its foothold in Zimbabwe after cutting ties with Tetrad Investment Bank. Last week, the group, with an...

By Business reporter | Published: 23 July 2013

AFRICA

Africa experiencing surge in sovereign funds

SINGAPORE - Africa is experiencing the strongest growth in new sovereign wealth funds in the world as its nations are amassing commodity revenues and foreign-exchange reserves, JP Morgan Asset Managem...

By Klaus Wille and Paul Burkhardt | Published: 11 June 2013
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