NetOne secures $485 million Chinese facility for expansion

00HARARE Mobile network operator, NetOne has secured a $485 million loan facility from China to complete the company’s phased expansion project which will also see the network’s subscribers rise to 5 million from 4.3 million. Acting chief executive Brian Mutandiro said the mobile network company had secured the facility for its third phase expansion programme….

Tenders: Aug 23, 2016

NetOne Invitation to an Informal Tender Tenders are invited for the supply of the following Tender Number                        Description NET/MAR/04/16             For the Supply and Installation of Biometric Access Control System at NetOne Kopje Plaza Tenders must be submitted in sealed envelopes and endorsed on the outside with the advertised tender number, the description and the closing…

Sun International joins South African exodus from Nigeria

00JOHANNESBURG Hotel and gaming group Sun International has become the latest South African business to pull out of Nigeria because of weak economic growth and clashes with regulators and shareholders in the west African country. In January, Nigeria’s Economic and Financial Crimes Commission (EFCC) launched a probe into Sun International’s initial investment in the Tourist…

Nigeria’s Buhari to ask for emergency powers to revive economy

00ABUJA Nigerian President Muhammadu Buhari will ask parliament for extra powers for one year allowing him to take “emergency” decisions to revive the flagging economy, a government source said on Monday. Africa’s biggest economy contradicted in the first quarter and government officials have said recession is likely as vital oil revenues have crashed due to…

Federal Reserve under growing pressure to reform system, goals

00WASHINGTON The U.S. Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable inflation. But as the country’s central bankers converge for their annual symposium in Jackson Hole, Wyoming this week, they are under increasing pressure to reform their own system and goals to better reflect the diversity of America and…

European shares edge up helped by Syngenta, commodity stocks weigh

00LONDON European stocks rose on Monday after falling the week before, as Swiss chemical company Syngenta gained after U.S. regulators cleared a takeover bid for the company by ChemChina. Syngenta rose up 10.6 percent, the top STOXX Europe 600 riser, after the Committee on Foreign Investment in the U.S. cleared ChemChina’s $43 billion bid, making…

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