Zimbabwe’s competition watchdog has opened an investigation into a case of suspected anti-competitive behaviour between the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and CAFCA.
Innscor has made an offer to acquire minorities shares in Zimbabwe’s largest pork and meat processor, Colcom in exchange for Innscor shares and plans to delist the company from the local bourse.
Germany will consider offering financial help to Zimbabwe, but only after the country has settled a €505 million ($550 million) debt, the country’s ambassador told Parliament yesterday.
Africa’s economy is this year expected to grow by 2.6 but that will not be enough to keep up with the continent’s growing population, the International Monetary Fund said in a report released yesterday. The region’s growth slowed sharply in 2016, averaging 1.4 percent, the lowest in two decades as about two-thirds of the countries in the region which account for 83 percent of the region’s GDP, slowed down.
Delta Corporation today reported a 10 percent fall in revenue to $483 million in the full year to March 31, compared to $538 million in the previous year as demand remained depressed in the face of falling incomes.