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Zimbabwe’s internet crawls as undersea fibre outage enters 4th day

Zimbabwe’s internet crawls as undersea fibre outage enters 4th day

Zimbabwean internet providers relying on the onward fibre connectivity of SEACOM and EASSy, two of Africa’s major undersea cables, are facing major problems delivering internet services to customers as the the two cables have been down for close to 4 days, writes Soul Kabweza. According to reports, the cables were apparently severed by ship anchors…

Kasukuwere to meet Barclays over indigenisation

Kasukuwere to meet Barclays over indigenisation

Zimbabwean Indigenization Minister Saviour Kasukuwere said he will meet Barclays Africa Chief Executive Officer Kennedy Bungane about plans by the lender’s local unit to sell a majority stake to black citizens by June. “We will be meeting him next week Tuesday to discuss their plans and proposal with regards to…

Norfund loans US$1.4m to NMBZ for SME on-lending

Norfund loans US$1.4m to NMBZ for SME on-lending

The Norwegian Investment Fund for Developing Countries (Norfund), a state-owned institution, recently issued a seven-year loan of USD 1.4 million to investment holding company NMBZ (National Merchant Bank of Zimbabwe) Holdings, which owns NMB Bank Limited, for on-lending to small and medium enterprises (SMEs). Ingebjorg Stofring, The Norwegian ambassador to…