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1-10 results from 1000 for query «finance»

October 18, 2018 3:47 PM Man accused of defrauding Ginimbi’s Club Sankayi of $87K remanded in custody

A Harare reveller who allegedly defrauded Club Sankayi of $87 000 has been remanded in custody to tomorrow pending bail application. Thulani Roy Dhlamini, 23, allegedly duped the club, owned by businessman and socialite Genius “Ginimbi” Kadungure after doctoring fake proof of payment messages. Dhlamini was caught after the club’s finance manager, Tawanda 3

October 18, 2018 2:00 PM Afreximbank loans Zimbabwe $500 million as dollar crisis worsens

The African Export Import Bank (Afreximbank) says it is finalising a $500 million loan facility for Zimbabwe, to help secure the foreign-currency starved southern African country’s imports. Zimbabwe is experiencing a shortage of foreign currency, blamed mainly on a huge trade deficit caused by the collapse of its key agriculture and manufacturing sectors 3

October 17, 2018 7:50 PM Potraz to introduce innovation hubs, hackathons

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says it plans to introduce innovation hubs and hackathons as part of its information and communication technology (ICT) Innovation Drive. The ICT Innovation Drive had up to this point operated only as a revolving fund that assists beneficiaries by extending loans for their different 14

October 17, 2018 5:18 AM Afreximbank confirms $500m facility talks

The African Export-Import Bank (Afreximbank) has confirmed holding talks with a Zimbabwean delegation led by Finance and Economic Development Minister Professor Mthuli Ncube in connection with a $500-million nostro stabilisation facility. Zimbabwe, which is going through a damaging foreign currency crisis, is looking for stabilisation facilities while 14

October 11, 2018 1:50 AM Mamamah airport: Sierra Leone cancels China-funded project

Sierra Leone has cancelled a $400m (£304m) Chinese-funded project to build a new airport outside the capital Freetown. Former President Ernest Bai Koroma signed the loan agreement with China before he lost elections in March. At the time, the World Bank and the IMF warned that the project would impose a heavy debt burden. The decision comes amid concern 21

October 3, 2018 11:56 PM Zesa CEO Joshua Chifamba arrested

The Zimbabwe Electricity Supply Authority (Zesa) chief executive officer, Engineer Joshua Chifamba, the Zimbabwe Electricity Transmission and Distribution (ZETDC) managing director Engineer Julian Chinembiri and his finance director Thokozani Dhliwayo were yesterday arrested in connection with over $35 million underhand dealings involving an Indian company 7

September 29, 2018 12:57 PM CBZ raises $75 million for Ama

CBZ Holdings Limited has successfully raised the $75 million required by government to fund the purchase of maize from farmers for the 2018 buying season. In a notice issued yesterday, the bank which is the financial advisor to the Agricultural Marketing Authority (Ama), said the grain bills were fully subscribed for. “The Agricultural Marketing Authority 7

September 19, 2018 3:04 PM Ex-Finance minister sued over land levy

Mazowe Rural District Council has dragged ex-Finance minister Christopher Kuruneri to court for failing to pay over $20 000 for land development levy. According to court papers, the Mazowe Rural District Council is the applicant, while Kuruneri and Gomorenzou Estate are the first and second respondents respectively. “The first defendant (Kuruneri) is an occupier 9

September 17, 2018 3:27 PM Media reports the main reason Standard Bank kicked Guptas to the kerb

The bank’s retired head of legal also said they were following Absa’s lead, amid concern that the family was up to no good. Standard Bank’s retired head of legal Ian Sinton testified on Monday before the Commission of Inquiry into State Capture on Monday about why his bank decided to shut down business accounts linked to the controversial Gupta family 9

September 15, 2018 8:37 PM Who is Professor Mthuli Ncube?

Professor Mthuli Ncube is a financial, economics, investment, and public policy expert. He has vast experience and worked in the private sector, public sector, academia, and international financial institutions. He is a citizen of Zimbabwe. Professor Ncube divided his time between the private sector in Switzerland and academia in the United Kingdom 10