Business Briefs

  • Mthuli Ncube seeks to raise US$200m in bond sale

    ZIMBABWE will seek to raise US$200 million in a debut domestic U.S. dollar bond sale on its stock exchange in Victoria Falls that trades exclusively in foreign currency, according to Finance Minister Mthuli Ncube.  “We may have it in small tranches, rather than a single big issuance,” Ncube said in an interview from New York, where he is on a…

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  • Manyaya appointed General Manager at ZESA

    ZESA has appointed public relations and marketing expert, George Manyaya as the General Manager responsible for Stakeholder Relations, Communications and Welfare with effect from next month. Manyaya was appointed following interviews held in August this year. Zesa executive chairman Sydney Gata confirmed the appointment in a statement saying the former Mbada Diamonds and NetOne executive is expected to formulate robust…

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  • Govt issues 15 more diamond claims to Russians

    THE Government has issued 15 more diamond mining claims to Alrosa Zimbabwe, a joint venture between the world’s largest diamond producer and the state-owned Zimbabwe Consolidated Diamond Company (ZCDC), an official has said. This was fulfillment of the agreement between the Government and the Russian mining giant, the official said, and most of the claims were now under exploration. “The…

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