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Africa’s investment flow takes a -5% dip

00Africa’s investment flow takes a -5% dip The world’s foreign direct investment (FDI) took a significant decline of 13 percent last year, recording an estimated $1.52 trillion, as global economic growth remained weak and world trade volumes posted anaemic gains, says the Global Trends Investment Monitor released Wednesday. The report says that the fall reflects a…

Zimplats concludes 10% equity sale under vendor financed loan structure

00Zimplats concludes 10% equity sale under vendor financed loan structure HARARE – Zimplats Holdings says its operating subsidiary, the Zimbabwe Platinum Mines (Private) Limited has concluded the issuance of a 10% equity stake to its Employee Share Ownership Trust. In a statement Chief Executive Officer Alex Mhembere said the Trust acquired the 10% equity stake for…

How minority shareholders lose value

00How minority shareholders lose value Minority shareholders face various challenges as investors in companies. Naturally, by being smaller shareholders, their vote will not be loud enough to influence the decisions of the company. This has, in some cases, resulted in their rights being compromised by bigger shareholders who can bulldoze ideas, to their detriment, because…

IMF bullish on global outlook

00IMF bullish on global outlook World output will relatively increase by 3.4 percent this year, compared to last year’slower growth of 3.1 percent, says the IMF World Economic Outlook update report released today. “The baseline forecast for the global economy points to a pickup in growth over the rest of the forecast horizon from its…

Zimre Holdings deleted from OFAC’s sanctions list

00Zimre Holdings deleted from OFAC’s sanctions list HARARE – The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has deleted Zimre Holdings from its list of Specially Designated Nationals. Zimre was placed on the sanctions list in 2008 (when Government was still a majority shareholder), at the same time as ZB…

Gvt reverses data tariff hike as Potraz hits out at MNOs for not taking ownership of proposal

00Gvt reverses data tariff hike as Potraz hits out at MNOs for not taking ownership of proposal HARARE – The Ministry of ICT has directed the immediate suspension of tariff increases that were effected two days ago following a directive from state regulator the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ).  He also called…

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