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Post-Mugabe Zimbabwe set to frustrate eager investors

Post-Mugabe Zimbabwe set to frustrate eager investors

A European investor’s phone rings in a Harare restaurant and it’s good news: an $80 million construction deal has been agreed with the Zimbabwean government. All that’s needed now is a central bank guarantee letter. It never arrives. President Emmerson Mnangagwa, who took power when Robert Mugabe was removed in a de facto coup last […]

Emerging African Real Estate Trends in Focus at The 2018 API Summit & Expo

Emerging African Real Estate Trends in Focus at The 2018 API Summit & Expo

Investors and developers are taking a more informed approach”- Leonard Michau, Broll Property Group. 2018 has introduced more depth in Africa’s real estate markets” – Bronwyn Corbett, Grit We are seeing growing consumerism in Africa”- Gerard Zeelie, Standard Bank Entrenched as the must attend and largest property gathering for senior African property investors, developers and […]

Chinese-built Ethio-Djibouti railway drives Africa’s development, integration

Chinese-built Ethio-Djibouti railway drives Africa’s development, integration

Officials from the African Union (AU) and African diplomats have hailed the Chinese-built Ethio-Djibouti railway as a project that helps Africa realize its aspirations of development and integration. The Chinese Mission to AU on Friday organized a train trip event, with officials of the pan-African bloc as well as African and other international diplomats on […]

Ziscosteel requires $1bn to kickstart operations

Ziscosteel requires $1bn to kickstart operations

PARLIAMENT has recommended that the country’s rail system should be repaired to enable transportation of coal supplies to companies such as Ziscosteel. This came out in a report on Ziscosteel which was presented in Parliament last week by the Mines and Energy Portfolio Committee, where MPs also said the steel company needed $1 billion investment […]

Ethiopia Accepts Peace Accord With Eritrea, Opens Sectors to Investment

Ethiopia Accepts Peace Accord With Eritrea, Opens Sectors to Investment

After decades of conflict and land claims, Ethiopia said it fully accepts the terms of a peace agreement with coastal Eritrea. It has also partially opened its economy to foreign investors. Prime Minister Abiy Ahmed’s government said on Tuesday it would fully accept and put into operation the Algiers accord, signed in 2000, that ended […]

U.S.$16 Billion Investments Secured By New Govt – President Mnangagwa

U.S.$16 Billion Investments Secured By New Govt – President Mnangagwa

ZIMBABWE has attracted investments worth US$16 billion into the country since Emmerson Mnangagwa took over through the assistance of the military in November last year, the president has claimed. Addressing scores of Zanu PF supporters in Gweru recently, president Mnangagwa also revealed that the government had also secured US$ 1 billion for the resuscitation of […]

Ethiopia’s Astounding Achievement in Attracting Foreign Direct Investment

Ethiopia’s Astounding Achievement in Attracting Foreign Direct Investment

Various sources indicate that the rapid inflow of Foreign Direct Investment to Ethiopia has continued over the past years. But the question here is that even when the country has passed through various political ups and downs, why is this tremendous FDI upward trajectory continued? What is the reason behind? Zemedeneh Nigatu, economist by profession […]

National Railways of Zimbabwe sets record straight on deals

National Railways of Zimbabwe sets record straight on deals

THE National Railways of Zimbabwe (NRZ) has deployed all the leased equipment under its interim agreement with the Diaspora Infrastructure Development Group (DIDG)/Transnet consortium while it awaits financial closure to the $400 million recapitalisation deal, company spokesperson Mr Nyasha Maravanyika said yesterday. The giant parastatal took delivery of the first batch of the leased railway […]

Parastatal Partners Dubious Chinese Firm, Claimed $100m Investment Fails to Materialise

Parastatal Partners Dubious Chinese Firm, Claimed $100m Investment Fails to Materialise

THE State-owned Zimbabwe Mining Development Cooperation (ZMDC) partnered a Chinese company despite Beijing refusing to endorse the deal citing concerns about the investor, parliament heard on Monday. The Chinese investor, Beijing Pinchang, had in 2015 pledged $100 million for the revival of Kamativi tin mine but it later emerged that the foreign partner did not […]

SA Police Unit Hawks to Probe U.S.$80 Million Invesment Scam

SA Police Unit Hawks to Probe U.S.$80 Million Invesment Scam

A Hawks investigation has been launched into an alleged investment fraud involving Bitcaw Trading Company, commonly known as BTC Global, after more than 28 000 investors are believed to suffered losses exceeding R1 billion and still counting. The Serious Economic Offences Unit has been tasked to investigate the massive alleged fraud. Members of the public […]

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