Zimbabwe: Latest News
Makula Dunbar, 12:21 pm
A bank has begun accepting cattle as collateral for cash loans in Zimbabwe, the Associated Press has reported. Depositors can get loans of an equal value of the cattle they have put in the bank.
“Cattle banking is the only way owners can get monetary value for their animals without having to sell them,” TN Bank executive Charles Chakoma said on Wednesday.
Dana Sanchez, 11:17 am
Zamtel’s $4 million investment means Zambian hotels and lodges near the site of the U.N. World Tourism Assembly will have direct access to the fiber optic network, giving guests high-speed internet access in their hotel rooms, a report says.
Dana Sanchez, 12:02 pm
McDonald’s has 170 branches in South Africa and KFC has 600-plus stores. Burger King is way behind, says Daniel Schwartz, named CEO of the Miami-based company June 7. He’s in charge of a strategy focused on international expansion.
Dana Sanchez, 3:59 pm
“Pay-as-you-go, whatever the finance structure behind it, will result in the rapid electrification of much of the world that doesn’t currently benefit from it,” says solar pioneer Danny Kennedy.
Makula Dunbar, 11:30 am
Morgan Tsvangirai, the prime minister of Zimbabwe, has rejected a plan by President Robert Mugabe to hold an election on July 31, accusing the country’s leader of violating the constitution.
Dana Sanchez, 10:54 am
Kenya Airways now flies three times weekly – Sundays, Wednesdays and Fridays – between Livingstone and its hub at the Jomo Kenyatta International Airport in Nairobi via Harare International Airport in Zimbabwe.
Makula Dunbar, 11:03 am
The PIC now plans to expand its real estate empire into the rest of Africa. The PIC’s property boss Lesiba Maloba is awaiting final approval to invest up to R12bn in commercial real estate in various countries across Africa, the PIC’s first foray into property markets outside SA’s borders.
Dana Sanchez, 9:19 pm
Johannesburg’s 53.6 percent growth in international visitors from 2009 to 2013 propelled it into the index’s top 20 fastest-growing cities globally.
Dana Sanchez, 4:11 pm
FastJet set up a company in South Africa that has the required 75-percent local shareholding to own an airline, and made a deal with President Jacob Zuma’s son Edward and other connected businessmen.
Makula Dunbar, 3:01 pm
Though urbanisation is underway in Africa as it is in other parts of the world, the continent’s population remains more rural than urban.
- Real Estate