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AfDB on capital boost

The African Development Bank’s board approved a 125 percent capital increase to $208 billion on Thursday last week, the largest in the lender’s history, AfDB President Akinwumi Adesina said. The decision caps two years of negotiations to give the Abidjan-based bank greater scope to meet the continent’s funding needs. The …

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Foreigners to pay airfare in forex

National airline, Air Zimbabwe said on Friday foreigners and other designated institutions will now be required to pay for airfare in foreign currency including domestic travel. Locals will only pay using foreign currency for flights originating from outside Zimbabwe and when chartering flights. “Please be advised that Air Zimbabwe can …

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Bottlers want to profit from your tap water

Worries about plastic throwaways have spurred Coke, Pepsi, and Nestle to seek new ways to monetise water. Over the past four decades, consumers around the world have chugged trillions of bottles of water from brands such as Perrier, Evian, Dasani, and Aquafina. Few realise that most of what they pay …

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Listed companies’ earnings to moderate

Tawanda Musarurwa Senior Business Reporter Listed companies’ earnings are expected to moderate in the medium-to-long term as the local currency finds its footing, according to analysts. An analysis of listed stocks’ published interims during the course of the year shows that earnings have risen on exchange rate gains, following currency …

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Getbucks well capitalised for growth

Fradreck Gorwe Financial services provider, Getbucks Microfinance Bank Limited, indicated it has adequate capital to post yet another set of good financials following sound performance for the half year to June 30, 2019. Latest financials show the company is well capitalised with a net equity of $27,6 million, way above …

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Safaricom in 14pc profit

Safaricom Plc., a unit of Vodacom Group Ltd, posted a 14 percent increase in net income for the six months through September as revenue growth from mobile money was hurt by a state crackdown on sports betting. Kenya’s biggest company by market value reported 35,7 billion shillings ($345,7 million) in …

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No Dirty Lyrics, Vows Baba Harare

By Nyore Madzianike Jiti musician Baba Harare said his forthcoming eight-track album, “Generator”, set for release on November 7 does not carry dirty lyrics, but is pregnant with educative messages. Born Braveman Chizvino, Baba Harare has previously been on the receiving end of a backlash from his followers for what …

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Cat-and-Mouse Economics

By Brett Chulu So much has happened in our economy in the past week. The state media went to town about a consignment of agricultural equipment said to be worth US$20 million that is docked in Durban pending its freight to Zimbabwe. Ordinarily, this should be exciting news — but …

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Zim De-Dollarisation and Other Countries’ Experiences

By Victor Bhoroma Zimbabwe suspended its local currency on April 9 2009 and adopted a basket of multi-currencies such as the South African rand, British pound, Botswana pula, Japanese yen, euro and the United States dollar. The country’s own currency had been rendered worthless by record hyperinflation of 231 million …

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Sustainable Business Leaders Required to Attract Investors

By Emmanuel Zhuwao Leadership plays a pivotal role in our society, from the heads of families to national leadership.Certainly, the role of sustainable leadership is undeniable. This era of unprecedented economic, environmental, social and governance impacts and pressures demands sustainable leadership for managing impending sustainability threats we face in Zimbabwe. …

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