Countries with strong linkages to the U.S. more sensitive to global shocks – Report

00Countries with strong linkages to the U.S. more sensitive to global shocks – Report HARARE – Greater financial integration can complicate the management of domestic financial conditions, the analytical chapters of the Global Financial Stability Report released by the International Monetary Fund today says. The report provides insights on the influence countries retain over their…

IDBZ says lack of bankable projects in Zim hinders infrastructure investment

00IDBZ says lack of bankable projects in Zim hinders infrastructure investment HARARE – The Infrastructure Development Bank of Zimbabwe has said the unavailability of bankable projects is the major obstacle to infrastructure investment making it difficult for the country to raise the $14.3 billion required to improve its infrastructure in water and sanitation, energy, transport…

Brainworks featured in LSE’s inaugural Companies to Inspire Africa report

00Brainworks featured in LSE’s inaugural Companies to Inspire Africa report HARARE – Several Zimbabwean companies are featured in the London Stock Exchange’s Companies to Inspire Africa 2017 report, which was released last week to demonstrate breadth and diversity of African business.  The report identifies 343 companies from 42 African countries as the continent’s most exciting…

Diversifying export markets imperative for sustainable trade

00Diversifying export markets imperative for sustainable trade HARARE – Zimbabwe continues to ‘put its eggs in one basket’, with dependence on South Africa for export receipts increasing in 2016 compared to the previous years. As illustrated by the charts below, in 1992, 63% of Zimbabwe’s total exports were spread across ten markets, compared to 2016,…

Ariston expects tea sales to rise 6%

00Ariston expects tea sales to rise 6%  HARARE – Agro-concern, Ariston Holdings expects tea  sales  to rise 6%  to 2700 tonnes  in FY17  up from 2048 tonnes  the previous year boosted by good rains and a lower than expected production in Kenya. Ariston chief executive Paul Spear in a trading update at the company’s annual general…

Dairibord pins hope on rationalisation and recapitalisation after $5.4m loss in F16

00Dairibord pins hope on rationalisation and recapitalisation after $5.4m loss in F16 HARARE – Dairibord Holdings’ full year 2016 performance largely mirrors its interim results where the Group posted close to $2 mln loss in net profit on similar market sentiments and challenges. At the company’s analyst briefing, chief executive officer Antony Mandiwanza concluded that…

SADC Member States not committed to private sector development’ – Industrialist

00SADC Member States not committed to private sector development’ – Industrialist HARARE – The Southern African Development Community (SADC) has shown very little commitment to the importance of genuine private sector engagement, an industrialist has said. This comes as SADC Heads of State, who recently held an Extraordinary Summit in Swaziland approved the Costed Action…

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