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Pan-African Business Angel Network to be founded this November

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Posted by admin 17 hours ago (http://feedproxy.google.com)
The formation of an African Business Angel Network continues! After the Investor Summit at DEMO Africa 2014 in Lagos a next big meeting will be held in November, parallel to the European Business Angel Forum in Helsinki, Finland. Do you want to be involved?This September startup funding community Venture Capital for Africa (VC4Africa) hosted the first pan-African Angel Investor Summit at the DEM

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Mimosa revenue up 4 pct on firm PGM prices

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Posted by admin 1 day 1 hour 9 minutes ago (http://source.co.zw)
HARARE, October 24 (The Source) – Aquarius Platinum’s Zimbabwe unit, Mimosa Platinum Mine has reported a four percent growth in revenue to $82 million for the first quarter ending September 30 compared to the preceding quarter due to firmer metal prices despite depressed platinum-group metals output. PGM production decreased by five percent to 57,799 PGM […]

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Art says need $100mln to revive Mutare Board and Paper Mills

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Posted by admin 1 day 1 hour 9 minutes ago (http://source.co.zw)
MUTARE, October 24 (The Source) – Mutare Board and Paper Mills (MBPM), a division of Art Corporation and the country’s sole newsprint producer, requires $100 million to resume operations, an official has said. The company, which was a virtual monopoly supplying 90 percent of newsprint requirements in the country, folded in 2012 after newsprint prices […]

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AFCR sells 50pct equity in its Pickstone-Peerless mines to meet indigenisation requirements

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Posted by admin 1 day 1 hour 9 minutes ago (http://source.co.zw)
BULAWAYO, October 24 (The Source) – AIM-listed resources company, African Consolidated Resources has agreed to sell 50 percent of its equity in Pickstone-Peerless gold project to local partner Grayfox Investments to satisfy Zimbabwe’s empowerment law requirements. The Joint Venture Agreement will see Grayfox Investments, a Zimbabwean incorporated company owned by a consortium of local

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Govt amends youth fund requirements after 92pct defaults

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Posted by admin 1 day 1 hour 9 minutes ago (http://source.co.zw)
VICTORIA FALLS, October 24 (The Source) – Government has amended requirements for recipients of business loans under the Youth Development Fund (YDF), to make it mandatory for applicants to have business training, after experiencing a high default rate, youth minister Francis Nhema has said. He told The Source on Thursday that the $5 million disbursed […]

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Econet Wireless Zimbabwe HY 2015 financial results presentation

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Posted by admin 1 day 9 hours ago (http://feedproxy.google.com)
Econet Wireless Zimbabwe CEO, Douglas MboweniSource: Big Law IRFinancial performance Revenue for the first six months ended 31 August 2014 was US$392.3 million, an increase of 4.2% compared to the same period in the previous year. The Earnings Before Interest, Taxation, Depreciation and Amortisation (EBITDA) margin was at 40% compared to 45% in the previous year. We believe this decline

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Econet's diversification startegy begins to bear fruit

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Posted by admin 1 day 9 hours ago (http://feedproxy.google.com)
Econet Wireless Zimbabwe CEO, Douglas MboweniSource: Big Law IREconet Wireless Zimbabwe’s strategy to steer the business towards value added services is beginning to bear fruit, as its overlay services showed strong growth in the half year to August 2014.Non-voice services – products such as EcoCash, data services and others – now contribute 21% to Econet’s revenues, up from below 10% this t

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Econet's diversification startegy begins to bear fruit

1
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Posted by admin 1 day 9 hours ago (http://feedproxy.google.com)
Econet Wireless Zimbabwe CEO, Douglas MboweniSource: Big Law IREconet Wireless Zimbabwe’s strategy to steer the business towards value added services is beginning to bear fruit, as its overlay services showed strong growth in the half year to August 2014.Non-voice services – products such as EcoCash, data services and others – now contribute 21% to Econet’s revenues, up from below 10% this t

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