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November 1, 2018 9:55 AM Baba Harare to stage maiden family gig

It will be an exciting family day when man-of-the-moment Baba Harare shares the stage with Juntal at Tanza Centre in Chitungwiza on Sunday. It will be Baba Harare’s first big family show since his song “The Reason Why” – popularly known as “Heti Dzemurara” – became a hit. He will go for the big show joining hands with Juntal who is slowly making his way up the ladder 17

October 20, 2018 8:02 AM Khashoggi crisis shines light on Saudi ties to Silicon Valley

The crisis surrounding the disappearance of journalist Jamal Khashoggi, and concerns that he may have been killed in the Saudi consulate in Turkey, has highlighted the role of the Middle East kingdom in the US economy, especially in Silicon Valley. Saudi money has been a key source of capital for startups and other technology firms in recent years, led by the huge Saudi 12

October 17, 2018 7:43 PM Nedbank buying back shares from minority shareholders

NEDBANK Group (Nedbank) says it will pay R2 billion (approximately US$139,6 million) to minority shareholders inherited from Old Mutual. The South Africa-based financial institution, which owns Nedbank Zimbabwe, yesterday said it is buying back its stock from shareholders who hold less than 100 shares as a result of the unbundling by its biggest shareholder 22

October 15, 2018 11:40 AM Fine for beating up lover

A cheating man has been fined $100 for assaulting his live-in girlfriend after she reprimanded him for bringing another girlfriend in their home. A court heard that Freedom Phiri (23) of Tshabalala suburb brought one of his girlfriends to the same house that he shares with his girlfriend Melda Sibanda (26). Phiri pleaded guilty to assault charges before 8

October 5, 2018 9:14 AM Seed Co lists on Botswana bourse, ZSE

Zimbabwe’s largest seed maker Seed Co Limited’s partial unbundling comes to fruition today with the primary listing of spin-off Seed Co International on the Botswana Stock Exchange (BSE). Seed Co International will also get a secondary listing on the Zimbabwe Stock Exchange (ZSE), where the parent company already trades. According to a circular issued 18

September 4, 2018 3:45 PM Nigeria hits MTN with $2bn tax bill

Africa’s largest mobile phone operator, MTN, says it has been hit with a $2bn (£1.5bn) tax bill by Nigeria just days after the country’s central bank slapped the company with an $8bn fine. As a result of MTN’s woes in its most lucrative market, the company’s shares have dropped by about 20% in under a week. MTN says the office of Nigeria’s attorney general 32

August 28, 2018 8:02 AM Caledonia, Fremiro in talks over Blanket

Caledonia Mining Corporation Plc has announced that it has entered into a Memorandum of Understanding (MOU) with Fremiro Investments (Private) Limited (Fremiro) with the intention to purchase Fremiro’s 15 percent shareholding in Blanket Mine (1983) (Private) Limited (Blanket). Caledonia will acquire Fremiro’s shareholding in Blanket for a gross consideration 29

July 2, 2018 5:33 PM Cadence Minerals agrees to invest in Zulu lithium project

LONDON — A British company, Cadence Minerals, has signed a conditional heads of terms agreement to acquire up to a 30% stake in Zulu Lithium Mauritius Limited (Mauco), a wholly-owned subsidiary of Premier African Minerals. Under the agreement, Cadence will invest up to $5,1m in Mauco, the parent company of Zulu Lithium (Private) Ltd, which owns the Zulu Lithium 37

June 11, 2018 6:04 AM Ziscosteel sale awaits shareholder approval

Shareholders of the Zimbabwe Iron and Steel Company (Ziscosteel), will hold an extraordinary general meeting on June 28, to approve a transaction that will see the steelmaker’s assets sold to Chinese investor Tian Li (Hong Kong) Limited. Approval of the transaction will bring into effect the revival of the country’s largest steelmaker, which closed shop in 2008 after 49

April 10, 2018 2:51 PM ZSE closes week in the black

The Zimbabwe Stock Exchange (ZSE) closed last week in the black as indices remained flat with the Top Ten Index marginally rising. The Top Ten Index was buoyed by gains in heavies Delta, Econet and Old Mutual, gaining a marginal 0,07 percent despite losses in conglomerate Innscor as gains in the trio managed to maintain the index in the black 36