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Ecobank expands Zim footprint

HARARE – Togo-based Ecobank International (Ecobank)’s local unit Ecobank Zimbabwe Limited (EZL) has increased its branch network to 13 following the opening…

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Art restructures debt

HARARE – Distressed paper and stationery maker Art Corporation Limited (Art) is pursuing options to restructure and reduce its $8,4 million debt….

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Starafrica losses balloon

HARARE – Listed diversified group Starafrica Corporation Limited (Starafrica)’s losses ballooned to $5,2 million in the half year to September 2013 from…

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Chinese firm plans $2bn Zim investment

HARARE – China Africa Sunlight Energy (Caseco) — a joint venture between Chinese Shandong Taishan Sunlight Investment Company and Zimbabwe’s Oldstone Investments…

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CBZ, Sakunda’s $120m deal

HARARE – CBZ Bank Limited (CBZ) has secured a $120 million credit facility from a top European bank, businessdaily can reveal. The…

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Inflation continues on downtrend

HARARE – Zimbabwe’s year-on-year inflation declined to 0,54 percent in November from 0,59 percent recorded previous month despite the liquidity crisis in…

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