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StanChart scales down in Zimbabwe

STANDARD Chartered has retrenched more than 100 employees with more lay-offs planned as the bank has begun outsourcing some of its operations in Zimbabwe to countries such as Kenya, Malaysia, […]

Currency crisis hits real estate sector

Zimbabwe’s real estate sector is under immense pressure to review rentals in response to the country’s deteriorating economy, which has resulted in rising operating costs, defaults and voids.

Gwanda woos investors with incentives

GWANDA, which is eyeing city status in a year, has dangled a carrot to investors by offering incentives to businesses willing to set base in the gold mining town.

Huge diamond found in Botswana

GABORONE — A giant 1,758-carat diamond, the second-biggest ever discovered, has been found in Botswana. But unlike its rivals, it won’t fetch a record-breaking price.

Nigeria to double oil output

ABUJA — Nigeria plans to almost double oil production and triple its refining capacity within six years, reviving previous pledges that turned out to be too ambitious.

Kenya’s economy grows

NAIROBI — Kenya’s economy expanded at the fastest pace in eight years in 2018 and may grow at a similar rate this year, Treasury secretary Henry Rotich said.

Pick n Pay earnings up

JOHANNESBURG — South African retailer Pick n Pay Stores Ltd on Friday reported an 18% jump in full-year earnings, as price cuts helped it attract highly cost-conscious shoppers and cope […]

MFIs seek exemption from 2% money transfer tax

Microfinance institutions (MFI) play a key role in providing financial services to the unbanked population of Zimbabwe. Zimbabwe has a fairly vibrant MFI sector and Parliament is currently tasked with […]

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