Inspiring Leadership & Sustainable Business Transformation in Africa
ZIMBABWE – The Infrastructure Development Bank of Zimbabwe (IDBZ) has joined forces with Norsad Capital, a provider of private credit to scalable businesses focused on growth to provide much-needed capital to businesses, which can be used to promote economic growth and improve livelihoods. “Our agreement means that we will introduce each other to potential transactions and seek to collaborate and share…
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ZIMBABWE – NORSARD Capital, a regional impact investor and private credit provider, has signed a Memorandum of Understanding (MoU) with the Infrastructure Development Bank of Zimbabwe (IDBZ). The MoU seeks to enhance cooperation and collaboration on technical funding matters, co-investments, and portfolio management. Norsard was established in 1990 as a multilateral collaboration between the Nordic and SADC Governments. The company…
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ZIMBABWE – Invictus Energy, an independent upstream oil and gas company, expects to start drilling its first exploration well for oil and gas in the northern part of Zimbabwe. The first well, Mukuyu-1, situated in the Muzarabani-Mbire area, will be 3.5 kilometres (km) deep at a cost of US$16 million, said Paul Chimbodza, managing director of the Australian company’s local…
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ZIMBABWE – First Capital Bank Limited in partnership with the European Investment Bank (EIB) and the European Union (EU) have secured a developmental line of credit to the tune of EUR 12.5 million (US$13.7m). The funding is set to develop eligible investment projects undertaken by Small to Medium Enterprises (SMEs) and MidCap companies under First Capital Bank Limited locally. “We…
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ZIMBABWE – Electric Vehicle Centre Africa, also known as Build Your Dreams Zimbabwe (BYD), one of those looking at entering the market with an assembly plant, has been partnered with Zuva for this first public charging network in Zimbabwe. Zuva Borrowdale will get the first charger and then the electric vehicle charging stations will be rolled out to Zuva Service…
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ZIMBABWE – JinkoSolar, one of the largest and most innovative PV module manufacturers in the world, has announced that it has signed a distribution agreement with Must Zimbabwe. Must Zimbabwe is one of the biggest distributors of photovoltaic modules, inverters, batteries and energy storage system in Zimbabwe distribution market. According to the agreement, JinkoSolar will supply over 100MWh of its…
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BOTSWANA – Air Botswana has announced that it has resumed direct flights from Gaborone to Zimbabwe’s capital Harare and Zambia’s Lusaka, two years after it had stopped them following the Covid-19 pandemic. Air Botswana stopped flights to some countries in April 2020 following the announcement of the coronavirus pandemic, as states took measures to prevent spread of the virus. The…
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ZIMBABWE – ZOL, Zimbabwe’s leading Internet Service Provider has unveiled its new brand identity, Liquid Home Zimbabwe. This rebrand reflects the natural evolution of the well-loved home brand and its much-awaited alignment with the parent brand – Liquid Intelligent Technologies, a business of Cassava Technologies. As part of this rebrand, Liquid Home Zimbabwe will ensure the seamless transfer of all…
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ZIMBABWE – Government of Zimbabwe and development partners have injected at least US$51 million towards the Small Holder Irrigation Revitalisation Programme (SIRP) to rural farmers across the country. The funds were mobilized from several program funding partners, as well as the Zimbabwean treasury. SIRP National Project Coordinator, Odreck Mukokera, speaking during the commissioning of Mayorca Irrigation Scheme in Silobela, said…
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ZIMBABWE – Zimbabwe’s central bank RBZ, has shut down the country’s popular mobile money transfer service, InnBucks, for operating without a license. InnBucks, which is operated by fast food franchisee Simbisa, is a mobile platform that uses USSD and mobile application technology to enable consumers to send and receive money as well as make purchases at fast food locations. Mobile…
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