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3 weeks ago | 
southerneye.co.zw | Tatira Zwinoira |Nizbert Moyo |William Vundla |Mpumelelo Moyo
FIRST Capital Bank Zimbabwe (FCBZ) has launched the First Capital Bank Roadshow Trail 2025, in which it will visit 10 towns and cities in eight days to connect its senior management team with its clients, associates and communities.
The First Capital Bank Roadshow 2025 is a high-impact initiative whose senior management team will be led by its chief executive officer (CEO), Tapera Mushoriwa.
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3 weeks ago | 
southerneye.co.zw | Tatira Zwinoira |Nizbert Moyo |William Vundla |Mpumelelo Moyo
OK Zimbabwe (OK)’s board has resolved to undertake a capital raise in the sum of up to US$30 million to bridge the funding gap and stabilise the company’s financial position.
As first reported by NewsDay Business in February, struggling retailer OK was revealed to have a debt of US$30,34 million which it owed its suppliers, an accrual after the retailer failed to honour its obligations.
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2 months ago | 
southerneye.co.zw | Tatira Zwinoira |Lee Musaidzi |Rex Mphisa |Mpumelelo Moyo
Business THE International Monetary Fund (IMF) has reported that Zimbabwe’s annual inflation rate reached 635,31% last year, the highest in the world amid growing ZiG volatility.
Zimbabwe led all the nations, followed by Argentina with an annual inflation rate of 229,8%, Sudan (200,1%), South Sudan (120,6%), and Turkiye (60,9%) rounding up the top five globally.
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2 months ago | 
southerneye.co.zw | Tatira Zwinoira |Bongile Moyo |Tafadzwa Mhlanga |Nizbert Moyo
NASDAQ listed miner, Namib Minerals, has estimated that its three gold mines in Zimbabwe have a combined underground measured and indicated mineral resources of 12,89 million tonnes (mt).
Namib, a partnership between Metallon Corporation and American special purpose acquisition company, Hennessy Capital Investment Corp. VI, owns three mines in Zimbabwe — Redwing Gold Mine, How Gold Mine and Mazowe Gold Mine.
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Jan 24, 2025 | 
theindependent.co.zw | Tinashe Kairiza |Julia Ndlela |Mthandazo Nyoni |Tatira Zwinoira
Nasdaq reported a higher fourth-quarter profit on Wednesday, helped by strong demand for the exchange operator's financial technology products. The company has been expanding outside its market-sensitive core activities of trading and listing to products that help traders navigate compliance requirements and safeguard against financial crimes. Revenue from Nasdaq's financial technology business rose nearly 9.8% in the fourth quarter. Related Topics
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Jan 19, 2025 | 
theindependent.co.zw | Tinashe Kairiza |Julia Ndlela |Mthandazo Nyoni |Tatira Zwinoira
A coalition of NGOs has urged the president of the European Commission not to be bullied by Donald Trump and Elon Musk into weakening the enforcement of the EU’s tech regulations. The letter to Ursula von der Leyen comes after the EU executive played down reports that it was reassessing its investigations into Meta, Google and X, following the return of Donald Trump to the White House.
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Jan 16, 2025 | 
newsday.co.zw | Tatira Zwinoira
CANADIAN miner, Pambili Natural Resources Corporation (Pambili) has found economically viable gold during its drilling activities at its Gold Valley Mine (GVM), it has been revealed.
The drilling activities are part of Pambili’s initial resource drilling programme, first announced in August 2024, that started in last year’s fourth quarter at its GVM located in the Matabeleland province.
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Dec 19, 2024 | 
theindependent.co.zw | Tatira Zwinoira |Tinashe Kairiza |Julia Ndlela |Tafadzwa Mhlanga
THE year 2024 has been dominated by a single, overarching theme: the devastating impact of liquidity shortages. In the first quarter, Zimbabwe’s average monthly money supply growth surged to 46,39%, while the Zimbabwe dollar (Zimdollar) depreciated by a staggering 53,69% month-on-month. By the end of March, the Zimdollar had plummeted to US$1:ZW$22 055,47, down from US$1:ZW$6 104,72 at the end of 2023.
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Dec 9, 2024 | 
southerneye.co.zw | Tatira Zwinoira |Silas Nkala |Berita Kafesu |Nizbert Moyo
Business SOUTH African agriculture and agri-processing firm, Tongaat Hulett Limited, will continue with a proposed debt-to-asset swap transaction worth ZAR5,9 billion (US$330,05 million) despite a court challenge, the company has said.
RGS Group Holdings Limited, a Mozambican conglomerate, on November 6 filed an urgent application in the High Court of South Africa, seeking an interdict to the debt-to-asset swap deal.
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Dec 8, 2024 | 
southerneye.co.zw | Tatira Zwinoira |Silas Nkala |Margaret Lubinda |Berita Kafesu
FOOD producer, National Foods Holdings Limited, will next year focus on the group’s recently introduced categories of cereals, biscuits and pasta as the consumer staples firm targets growth.
The focus comes after National Foods last month announced that it would delist from the Victoria Falls Stock Exchange to increase its flexibility to streamline its operations and concentrate on long-term strategic objectives.
