Zim cotton output up 26pct
A significant portion of the production feeds export markets, with about 70 percent of lint shipped abroad, while the remainder supports domestic industries such as textiles and cooking oil manufacturing.
Nedbank appoints new managing director
Betty Murambadoro has previously served on several boards, including Standard Bank Eswatini and Stanbic Bank Zimbabwe.
Telecel seeks new investors
Grant Thornton, the business rescue practitioner for Telecel Zimbabwe (Telecel), is seeking new investors for the struggling mobile network operator, once the country’s second largest.
Liquid secures $660 million in debt financing
Liquid Intelligent Technologies has secured $660 million in debt financing, including a $300 million Eurobond that was two and a half times oversubscribed, highlighting investor confidence in Africa’s largest independent fibre network.
Tharisa appoints CFO designate
Johannesburg and London-listed integrated resource group Tharisa has appointed former Petra Diamonds CFO Jacques Breytenbach as CFO designate, with effect from May 1.
Chelsea sack boss Liam Rosenior
Chelsea have sacked head coach Liam Rosenior after less than four months in charge, the club announced on Wednesday.
Datvest ETF records strong growth
The ETF recorded an inflation-adjusted net asset value of ZWG9.4 million, up from ZWG7.26 million prior year.
First Mutual plans $10 million gold-backed ETF
The ETF is structured to track a blended portfolio comprising physical gold exposure and shares in major gold mining companies listed on international stock markets.
Ethiopia bans petrol and diesel cars
Ethiopia has expanded its fuel-powered vehicle ban to include diesel and gas trucks as part of climate-driven reforms.
Leadership shake-up at SPAR
SPAR said it has simplified its portfolio and strengthened its financial position over the past two years by selling its businesses in Switzerland and Poland.