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Tuesday, January 28, 2020

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First Capital Bank deal on hold

HARARE-Zimbabwe Stock Exchange listed financial services giant, First Capital Bank (FCB) said Monday it had placed on hold a plan to unbundle and separately...

Inflation to Reach 450 Percent as Zimbabwe Abandons Multicurrency System

HARARE - Zimbabwe’s year on year inflation rate could reach 450 percent by the end of this year in line with this week’s...

Zimbabwe Coal Mines Flooded, Fresh Power Cuts Mount

HARARE - Power output at Zimbabwe’s State-run power producer, ZESA Holding plunged by 400 megawatts (MW) at the weekend after torrential rains...

Zimbabwe Firms Line up Fresh Power Deals

HARARE - Aspiring independent power producers (IPPs) this week lodged fresh bids to bring online a combined 40,6 megawatt (MW) in the...

Contango to Raise £1,4 Million for Zimbabwe’s Lubu Coal

JOHANNESBURG - Investment  holding company Contango Holdings has raised £1,4-million, before expenses, through a conditional placing of 28-million new ordinary shares at £0,01 each...

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