The Reserve Bank of Zimbabwe (RBZ) is set to introduce relaxed controls on international remittances by April this year, as part of its measures to boost inflows and ease liquidity constraints.John Ma...
By Staff reporter | Published: 07 June 2015
Air Zimbabwe (AirZim) has commercialised its technical and engineering services as part of measures to broaden revenue streams.The airline, which advertised the services recently, is targeting the tra...
By Staff reporter | Published: 07 June 2015
Aquarius Platinum Limited (Aquarius) - a 50 percent shareholder in Zimbabwe's second-largest platinum producer, Mimosa Mining Company (Mimosa) - says it has engaged government over the recently-impose...
By Staff reporter | Published: 07 June 2015
Struggling PG Industries Zimbabwe Limited (PG) plans to convert a total $7,1 million debentures into equity.The group said the conversion, at a price of $0,001, will include accrued and unpaid interes...
By Staff reporter | Published: 07 June 2015
Zimbabwe has reintroduced a $200 million interbank market, six years after the facility was abolished.The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, said in his 2015 monetary policy state...
By Staff reporter | Published: 07 June 2015
The Reserve Bank of Zimbabwe (RBZ) has engaged Easylink Money Transfer Agent (Easylink) to compliment banks in the distribution of the recently launched bond coins.Easylink - a money transfer unit own...
By Staff reporter | Published: 07 June 2015
Panic has gripped over 108 Tetrad Investment Bank (Tetrad) employees after the financial institution's judicial manager, Winsley Militala of Petwin Executor and Trust Co, suspended their contracts on ...
By Staff reporter | Published: 07 June 2015
Toronto Stock Exchange-listed gold producer Caledonia Mining Corporation (Caledonia) says government's move to amend gold pricing structures for its Zimbabwean gold mine will improve cost efficiency.T...
By Staff reporter | Published: 07 June 2015
The National Oil Infrastructure Company of Zimbabwe (Noic) is planning a $6 million ethanol storage facility at its main Harare depot, which will also complement other fuel assets such as Sakunda Ener...
By Staff reporter | Published: 07 June 2015
Zimbabwe's judicial system is currently overwhelmed by banking sector lawsuits pitting financial institutions and clients who may easily settle matters amicably before approaching the courts, Master o...
By Staff reporter | Published: 07 June 2015
The Reserve Bank of Zimbabwe (RBZ) is negotiating with creditors in an effort to reduce and find ways to pay off its staggering $1,35 billion debt.John Mangudya, the RBZ governor, told Parliament this...
By Staff reporter | Published: 07 June 2015
Zimbabwe's move to impose a 15 percent tax on unprocessed platinum exports could threaten producers' viability, compromise future mining investments and is yet another instance of policy discord by au...
By Staff reporter | Published: 07 June 2015
Businessman Zachary Wazara's companies - Spiritage Zimbabwe Limited (Spiritage) and Suremed Medical (Suremed) - are claiming nearly $400 000 from collapsed Royal Bank Limited (Royal).According t...
By Staff reporter | Published: 07 June 2015
Royal Bank Zimbabwe Limited (Royal) liquidator Cecil Madondo is facing a legal challenge from the bank's creditors for failing to "take care of their interests" by selling the institution's assets for...
By Staff reporter | Published: 07 June 2015
Finance minister Patrick Chinamasa says government is crafting measures to save indigenous banks from collapse.This comes as numerous local banks have closed down due to mismanagement, poor corporate ...
By Staff reporter | Published: 07 June 2015
An America-based company Got Produce Incorporated (Got Produce) is hoping to "revolutionise" African agriculture with its hydroponic and technology-driven greenhouses, executives say.Backed by group f...
By Staff reporter | Published: 07 June 2015
Troubled AfrAsia Zimbabwe Holdings Limited (AZHL)'s banking and microfinance subsidiaries are contesting $16,4 million lawsuits from various clients.Among the aggrieved is Alphavic Management Consulta...
By Staff reporter | Published: 07 June 2015
Zimbabwe's largest platinum producer Zimplats reported a depressed performance in the last quarter ending December 2014, with the miner posting a $20,5 million operating loss due to the collapse of it...
By Business reporter | Published: 07 June 2015
Econet Wireless Zimbabwe, the country's largest cellular operator by subscribers, has revealed that it is expecting to report turnover of $752.7 million for the twelve months to February 2015, up 8% y...
By Staff reporter | Published: 18 February 2015
Kingdom Bank Africa Limited (KBAL) owned by prominent businessman Nigel Chanakira has been placed under curatorship in Botswana.The offshore outfit is said to be teetering on the brink of collapse acc...
By Staff reporter | Published: 18 February 2015
POWERSPEED Electrical Ltd's turnover for the four months to January is ahead on the same period last year while trading is in line with expectations although operating circumstances are difficult for ...
By the herald | Published: 18 February 2015
LOW-COST airline, Fly Africa, is set to introduce the Bulawayo-Johannesburg route next month as part of its expansion programme aimed at servicing more routes on the African continent.The airline is a...
By Business Reporter | Published: 18 February 2015
AN estimated 70 percent of the country's population prefers keeping its money under "pillows and mattresses despite the increase in financial inclusion mainly driven by mobile money platform, the FinS...
By Staff reporter | Published: 18 February 2015
RioZim Limited says it expects to report a bigger loss for the full year to December due to lower tonnage at its Renco Mine combined with the low gold prices in the fourth quarter of last year.In a st...
By Staff reporter | Published: 17 February 2015
Zimbabwe's tobacco exports for the period 1 January to 13 February 2015 reached $193,8 million up from only $36,4 million recorded during the same time last year.According to figures from the Tobacco ...
By Staff reporter | Published: 17 February 2015
Court rebukes RBZ, lifts US$7m freeze 
Mugabe son paid shooting victim R400k, court told 
Trump admin launches $166B tariff refund portal 
Gold-backed ETF set for VFEX debut 
Fuel shock drives Zimbabwe inflation higher 
Court ruling exposes deep cracks in Zimbabwe's gold trade 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
