Four-year-old Makomo Resources in 2013 overtook Hwange Colliery Company Limited (HCCL) to become the biggest coal miner in the country, latest data from the Chamber of Mines shows.Owned 60 percent by ...
By New Ziana | Published: 02 July 2014
Mobile network operator, Telecel says it has begun a fibre deployment project which will see the company laying its own optical fibre cable to avail more high capacity data provisioning for the networ...
By Francis Chimanda | Published: 02 July 2014
TROUBLED Bulawayo firm Marvo Stationery Manufacturers has paid its workers $10 each after going for 18 months without salaries, it emerged yesterday.The disgruntled workers told Southern Eye Business,...
By Staff reporter | Published: 02 July 2014
Mine minister Walter Chidhakwa yesterday retained faith in Farai Mtamangira's Hwange Colliery Company Limited (HCCL) board amid expectations that the second largest shareholder Nicolas Van Hoogstraten...
By Staff reporter | Published: 02 July 2014
MOST foreign-owned firms and weak cash movement laws in Zimbabwe could be blamed for the tight liquidity conditions prevailing in the economy, analysts have said.Analysts said Zimbabwe was now like a ...
By Staff reporter | Published: 02 July 2014
THE Agricultural Marketing Authority (AMA) has issued $55 million bills to raise money to fund the purchase of about 250,000 metric tonnes of grain from the 2013/14 season.The authority was establishe...
By Oliver Kazunga | Published: 02 July 2014
TOTAL banking deposits have marginally improved to $4,82 billion as of March 31, 2014 from $4,73 billion last year, the Reserve Bank of Zimbabwe has said.In a report for the quarter ending March 31, 2...
By Oliver Kazunga | Published: 02 July 2014
Zimre Holdings Limited is forecasting a turnover of about $150 million by the end of this year as the company targets increased earnings from the disposal of non-core and non-performing local and exte...
By Tinashe Makichi | Published: 02 July 2014
ZSE listed diversified group, Meikles Limited posted an after tax profit of $37,1 million for the full year to March 2014 from $6,5 million the prior year largely due to a huge jump in non-trading inc...
By Staff reporter | Published: 02 July 2014
HWANGE Colliery Company Ltd, the country's largest coal miner, expects to turn profitable upon commissioning of new equipment before year-end, an official said.The company has finalised the acquisitio...
By Staff reporter | Published: 02 July 2014
AIR Namibia has introduced a 112 seater Airbus A319 to service its Harare-Windhoek and Harare-Lusaka routes due to increased demand.The Airbus, which offers both Business class and Economy Class servi...
By Staff reporter | Published: 02 July 2014
Zimbabwe's central bank is considering establishing a body to take over local lenders' non-performing loans and make it easier for them to attract new capital, its governor said on Monday.Several ban...
By Reuters | Published: 02 July 2014
African Consolidated Resources PLC Monday said its deal to buy the Dalny mine in Zimbabwe from Falcon Gold Zimbabwe Ltd has been held back to await formal approval by Falcon Gold shareholders, Allianc...
By Alliance News | Published: 30 June 2014
Mobile network operator Telecel Zimbabwe is seeking $200 million to increase its third generation (3G) network coverage and grow subscriber base to 5,5 million by year end.Telecel is the second larges...
By Staff reporter | Published: 30 June 2014
Zimbabwe Stock Exchange-listed composite financial house Zimre Holdings (ZHL)'s shareholders have approved a repurchase of its stock.In terms of the share buyback the maximum number of shares will not...
By Staff reporter | Published: 30 June 2014
Hwange Colliery Company Ltd (HCCL)'s shareholders have turned down the company's proposed share option scheme in what could be interpreted as a victory for Nick van Hoogstraten who once turned down th...
By Staff reporter | Published: 30 June 2014
DELTA Beverages is refusing to pay a former worker more than U$28 000 in back-pay and damages awarded to him in a labour dispute arguing the payment should have been made in Zimbabwe dollars.In an app...
By Fidelis Munyoro | Published: 30 June 2014
THE Zimbabwe National Chamber of Commerce (ZNCC) president Hlanganiso Matangaidze was last week re-elected the chamber's president for another one year term. His vice-president Davison Norupiri was al...
By Staff reporter | Published: 30 June 2014
CHEAP imports, which pay zero percent duty and a poor performance by General Beltings have combined to put pressure on Zimbabwe Stock Exchange-listed GB Holdings' performance.Performance in the year t...
By Staff reporter | Published: 30 June 2014
Zimbabwe has retained the presidency for Federation of Clearing and Forwarding Associations of Southern Africa (FCFASA) following an annual general meeting which was held in Victoria Falls last week. ...
By Thupeyo Muleya | Published: 30 June 2014
Fidelity Life Assurance of Zimbabwe Limited is expecting its $5 million bond issue to be fully subscribed by the end of this month as many investors have expressed interest in the instrument. As...
By Staff reporter | Published: 30 June 2014
MAKOMO Resources, Zimbabwe's second largest coal miner, intends to build a 600 megawatt plant in Hwange as early as next year, adding to the national power grid while work on the Kariba South Power St...
By Martin Kadzere | Published: 30 June 2014
SEED CO will receive the last tranche of capital amounting to $28 million from its US technical partner Limagrain before end of year under an equity deal valued at $40 million.The funding is expected ...
By Staff reporter | Published: 30 June 2014
Mr. Nyasha Matonda was appointed Chief Executive Officer with effect from 1 June 2014. He was confirmed as an Executive Director with effect from 19 June 2014..
...
By WILD | Published: 30 June 2014
Barclays Zimbabwe officially launched its recently introduced Point of Sale (POS) acquiring devices last week in Victoria Falls.Barclays Zimbabwe wanted to visibly demonstrate how this product would s...
By Staff reporter | Published: 30 June 2014
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
