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Emerging and developing countries to contribute 75% to 2017 global growth

00Emerging and developing countries to contribute 75% to 2017 global growth HARARE – The International Monetary Fund (IMF) says after six years of disappointing growth, the world economy is gaining momentum as a cyclical recovery holds out the promise of more jobs, higher incomes, and greater prosperity going forward. In a statement prior to the…

Dendairy diversifies product range, seeks to optimise export market opportunities

00Dendairy diversifies product range, seeks to optimise export market opportunities HARARE -Milk and dairy products producer, Dendairy says it will invest in new product lines to expand its product portfolio this year. The company is also diversifying its product range with a view to expanding its export market across the region. Dendairy currently produces fermented milk (Maas), UHT milk…

Mat North tops in extreme poverty at 43%: Zimstat

00Mat North tops in extreme poverty at 43%: Zimstat HARARE – The country’s food poverty is more pronounced in Matabeleland South province and the prevalence is less severe in Harare province, according to the Food Poverty Atlas released by Zimstat. The Atlas, the first ever to be produced in Zimbabwe, provides statistics for dealing with…

Zimref pledges remain flat at $40.4m in 2016

Zimref pledges remain flat at $40.4m in 2016 HARARE – The Zimbabwe Reconstruction Fund (Zimref) said it has received pledges of $40.4 million since its establishment in 2014 and this remained the same during 2016. Of the total pledges, only $27.5 million were received by the Fund. Countries that contributed include Norway (about $4,1 million),…

Around $4.4 bln TBs issued since 2014

00Around $4.4 bln TBs issued since 2014 HARARE – Government has, since 2014, issued Treasury Bills amounting to $4.41 billion to raise money to fund its expenditure as well as legacy debt issues. Of that amount about $1.1 billion matured and has been liquidated leaving an outstanding amount of $3.31 billion as of the end…

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…

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