馃嚳馃嚰ZimbabweSouthern Africa
Zimbabwean companies navigate market shifts and new partnerships
via NewsDay Zimbabwe1 min read
Several Zimbabwean companies are making strategic moves, with Dairibord seeking to exit the local stock exchange and list on the Victoria Falls Exchange VFEX. BancABC and Visa have signed a five-year partnership to advance digital payments. Meanwhile, ZimGreenCo and Dolcin Trading have entered a 25-year power purchase agreement. ART operations have been impacted by power outages and raw material shortages, leading to declines in export and paper division volumes. The government and the UN have also launched a framework to address adolescent pregnancies.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
Must ReadA new twice-yearly HIV injection is expected to improve medication adherence in Zimbabwe. This development comes amidst various other news items, including reports of a death threat to Chibaya over a planned CAB3 meeting, calls for SADC member states to accelerate infrastructure development, and Dairibord's intention to delist from the SE and list on VFEX. Other headlines cover BancABC and Visa's five-year partnership, Dynamos turning to a Romanian coach, political tensions at grasslands plots, and Stanbic Bank extending US$227 million credit support to the mining sector. ART operations have been affected by power outages and raw material shortages, leading to a decline in export and paper division volumes.
Must ReadDairibord is finalizing a circular for shareholders regarding its proposed migration from the Zimbabwe Stock Exchange ZSE to the Victoria Falls Stock Exchange VFEX. BancABC and Visa have signed a five-year partnership agreement to advance digital payments. Additionally, ZimGreenCo and Dolcin Trading have entered into a 25-year power purchase agreement.
Dynamos are expected to appoint Romanian coach Aristica Cioaba as their new coach today, following the suspension and dismissal of Genesis Mangombe and his entire backroom staff. Mangombe's suspension on Tuesday afternoon was due to serious misconduct allegations, including match-fixing, gross insubordination, and the forced use of ritual charms on players. Cioaba, a UEFA Pro License holder, has extensive coaching experience across Africa, Asia, and the Middle East, including three stints with Ghanaian Premier League side Aduana Stars and a spell at Tanzanian club Azam. He has also held assistant roles at Al-Masry of Egypt and Raja Casablanca. Cioaba is already in the country and was seen at Barbourfields Stadium during Dynamos' recent 1-1 draw against Highlanders. The club's executive reportedly felt Mangombe lacked the experience to lead the team to the next level and through the CAF Confederation Cup. Mangombe leaves Dynamos in sixth place with 30 points after 19 matches. Dynamos are currently processing Cioaba's work permit and are reportedly in talks with a former club coach and player to serve as his assistant, aiming to finalize the new technical setup before Sunday's fixture against Bulawayo Chiefs.