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Zimbabwe inflation slows to 4.1 pct y/y in July

HARARE - Zimbabwe's annual inflation fell to 4.1 percent year-on-year in July from 5.3 percent in June, driven down by a drop in the cost of food and non-alcoholic beverages, official data showed on Monday
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Seed Co sees profit up 50 pct this year

HARARE - Seed Co Limited, Zimbabwe's largest seed producer, sees profit rising at least 50 percent this fiscal year from $13 million in the year to March 2010, buoyed by growing sales at home and in the region, its chief said.
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Chanakira's woes mount

KINGDOM Financial Holdings Limited founder Mr Nigel Chanakira’s woes mounted last week after Meikles Limited board rejected his offer to buy its 43,9 percent stake in the firm, which would have given him majority control.
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Woodford's Zimbabwe investment shines spotlight on Africa

Investor spotlight was unexpectedly thrust upon Africa this week after it emerged renowned Invesco Perpetual manager Neil Woodford was taking a stake in a Zimbabwe-focused fund.
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Meikles board rejects Chanakira's offer

JOHANNESBURG - Meikles Africa Ltd., a Zimbabwean company with interests in the retail and tea industries, said it rejected an offer from former Chief Executive Officer Nigel Chanakira to buy its stake in Kingdom Financial Holdings Ltd.
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Coca-Cola introduces Burn in Zimbabwe

The Coca-Cola Company has entered Zimbabwe’s energy drinks market in a demonstration of renewed interest in the country, despite its economic crisis.
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Banker pays US$5.3 million for CFX disputed shares

Interfin Financial Services Limited ( Interfin Bank) on 5 July 2010 sealed its reverse take-over of the disputed CFX Financial Services and traded on the Zimbabwe Stock Exchange (ZSE) for the first time around mid-morning thereby taking over the CFX ownership dispute and controversy.
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Ryanair continues anti-EasyJet campaign with Mugabe spot

Ryanair is continuing its policy of taking potshots at rival EasyJet via press ads, with its latest execution claiming that Zimbabwean dictator Robert Mugabe is EasyJet’s “new head of punctuality”.
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Kenya oil giant plans to expand into Zimbabwe

NAIROBI - KenolKobil Ltd., a Kenyan fuel retailer with operations in seven African countries, said it plans to expand into Mozambique and Zimbabwe in an effort to boost sales.
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Zimbabwe’s FDI rises by a modest 15%

Harare - The Foreign direct investment (FDI) into Zimbabwe rose by 15 percent in 2009 on the back of a new business-friendly policy thrust adopted by the country’s 17-month-old coalition government since last year, said the latest World Investment Report launched here on Friday.
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Facebook addiction on the rise

One third of women aged 18 to 34 check Facebook when they first wake up, before even going to the toilet, according to new research.
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Meikles Ltd denies claims by Kingdom

HARARE - Zimbabwe hotel group Meikles Ltd (ML) has also refuted claims by Kingdom Financial Holdings Ltd (KFHL) that it has fulfilled conditions antecedent to the two companies’ full demerger.
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Meikles-Demerger still hanging in the balance

Harare — MEIKLES Africa Limited are playing their cards close to the chest despite the announcement by Kingdom Financial Holdings that it has paid US$22,5 million to pave way for the demerger of the two parties.
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Central bank critical to recovery – Tsumba

FORMER Reserve Bank governor Dr Leonard Tsumba has authored the second edition of his book on the restructuring and reform of the central bank in efforts to highlight the centrality of the RBZ to economic recovery.
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Zimbabwe mining: Mugabe (really) wants the money

JOHANNESBURG - A fortnight ago, when Impala Platinum quietly announced that it's to move ahead with the Phase 2 expansion at 87%-held Zimplats, at a cost of US$ 500m, more than a few investors scratched their heads.
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Robert Mugabe backtracks on mines nationalisation

VICTORIA FALLS, - Zimbabwe's President Robert Mugabe said on Friday the government would not expropriate mines and was refining a controversial local ownership law to enable miners to expand their operations.
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Facebook to launch privacy overhaul

Facebook will unveil sweeping changes to its privacy settings as early as next week in response to a wave of complaints from advocacy groups and regulators, according to people briefed on the plans.
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Ghana-Zimbabwe Business Summit scheduled for May

Accra, Ghana - Mrs Pavelyn Tendai Musaka, Zimbabwean High Commissioner to Ghana, on Wednesday urged private sector operators in Ghana and Zimbabwe to deepen ties to promote socio-economic development in their countries.
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Meikles to revamp hotels, supermarkets

HARARE - Zimbabwe's hotel group Meikles Africa will spend $53 million by end-March 2011 to revamp its hotels and supermarkets and hopes to return to profit by year-end, the company's chairman said on Wednesday.
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Zimbabwean man aims to change the face of Nigerian Insurance industry

Interview: The following is an interview between new managing director and chief executive officer of Nigerian Insurance giant Cornerstone Insurance Plc Mr. Livingstone Magorimbo and Nike Popoola.
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