VENTURE CAPITAL POST

Zimbabwe purchased nearly 650,000 metric tons of corn from Ukraine and Zambia following a poor harvest. Dry climate has also limited grains output in Zambia, where the harvest is anticipated to fall nearly 30% in 2016.

Huddersfield, UK-based retail chain Poundstretcher shelled out $1 million to branch out to Zambia as it begins to beef up its presence in Africa and establish its name as an international brand.

Namibia Power Corp (NamPower) plans to raise NAD5 billion (USD496 million) to fund the expansion of its transmission networks and power generation over the next five years, according to the firm's managing director.

President Michael Sata's drive to upgrade the country's rough roads, which often become impassable in the rainy season, is popular with many Zambians like Moyo. But foreign investors, who must partly fund such ambitious schemes, are less keen on his costly promises and very public dust-ups with business.

Because of comments considered as arrogant as against the government, the work permit of Konkola Copper Mines CEO has been cancelled and he would be barred entry into the country.

Issues over tax payments and retrenchment of workers caused Konkola Copper Mines to seek court intervention.

ZCCM Holdings said it would be offering stock for sale to existing stakeholders to help pay off debt and fund new investments.

Zambia would invest US$410 million to build an oil refinery that could lower the fuel costs.

Syngenta announced their intentions to acquire MRI Seed Zambia Ltd and MRI Agro Ltd.