THE China-Africa Development Fund, China's largest private equity fund focusing on African investments, has moved to buy a significant shareholding in Cottco Holdings Ltd through its wholly-owned subs...
Econet Wireless is implementing a highly advanced call centre system which will enable its contact centre operators to monitor feedback and conversations on both social network and cellular communicat...
LISTED beverages giant Delta will this week launch a new yoghurt drink. The new drink consolidates Delta's continued interest in expanding its non-alcoholic portfolio and claiming an increasing share ...
MWANA Africa will require at least $26,5 million to restart its smelting plant at Bindura Nickel Corporation, the Pan African mining company announced yesterday.Based on the independent study by Hatch...
RAINBOW Tourism Group local operations' revenue for the four months to April increased to $8,2 million helping the hospitality company record a 7 percent jump to $8,7 million over the same period last...
ECONET Wireless, in partnership with international money transfer service, WorldRemit, has launched a service which enables customers to receive money from outside the country directly on mobile phone...
British American Tobacco Plc plans to invest more capital towards its Zimbabwean business despite earlier reports that the company is planning to divest its business operations, a company official has...
SCHWEPPES Zimbabwe has acquired 100 percent stake of Beitbridge Juicing Co in a vertical integration move that will see the beverage company strengthening its supply chain by taking control of a key r...
OK Zimbabwe last week reported March results which showed declining profitability and flat revenue growth. Chief executive Mr Willard Zireva recognised the factors affecting the operating environment....
The Ministry of Mines and Mining Development will host the second Zimbabwe Diamond Conference later this year with Minister Walter Chidhakwa expected to officiate at the event.The conference will be h...
Blue Ribbon Foods resumed operations on the maize line last week after securing a supply agreement for raw materials with a Mutare-based company. A source familiar with the development said operations...
FERROCHROME producer, Zimbabwe Alloys has shortlisted four investors, among them AfroChine Smelting to acquire the majority stake in the company, a source has said.An audit and advisory firm, Grant Th...
Youth, Indigenisation and Empowerment Minister Francis Nhema is satisfied with results of the Indigenisation and Economic Empowerment Act since its inception saying investors are now warming up to the...
Qatar Airways will soon introduce flights to Harare, initially flying into Zimbabwe three times a week, the new envoy from the oil rich country said last Thursday. Qatar's new ambassador to Zimbabwe, ...
Virginia tobacco deliveries have surpassed the 185 million kilogrammes target set for this year with indications that the figure could reach 200 million kg before the marketing season ends.Tobacco Ind...
OK Zimbabwe intends to refurbish six stores across the country this year at a cost of $6 million, a senior official has said.The group will spend an additional $2 million on the establishment of baker...
Qatar Airways will soon introduce flights to Harare, initially flying into Zimbabwe three times a week, the new envoy from the oil rich country said on Thursday.Qatar's new ambassador to Zimbabwe Sale...
The National Social Security Authority has been given the green light to attach Tetrad Bank property to recover nearly $5 million owed to it by the embattled bank.The bank, which is reeling under a se...
Zimbabwe has so far sold tobacco worth $582,8 million as the 2014 selling season target of 180 million kilogrammes has been exceeded.Latest figures from the Tobacco Marketing Industry Board (TIMB) sho...
Listed sugar manufacturer Star Africa appears to be struggling to dispose of its investments in Tongaat Hulett Botswana and BlueStar Logistics.In its latest update on the matter, the company said: "Ea...
Giant retailer OK Zimbabwe yesterday reported a decline in profitability for FY2014 as overheads increased and deflationary pressures weighed heavy.Profit for the year ended March 31, 2014 amounted to...
Lafarge's volumes for the first four months of the year went down about 13% compared with the same period last year although 2% higher than the last quarter of 2013, MD Amal Tantawi told the AGM today...
OK Zimbabwe is looking at operating their own bakeries as they vie for better margins after recording 0.8% revenue growth and 0.2% gross margins decline for the year ended 31 March 2014, group CEO Wil...
THE Reserve Bank of Zimbabwe has cancelled the banking licence of Capital Bank after the latter voluntarily surrendered it. This follows unwillingness on the part of the bank's majority shareholder, N...
CEMENT producer PPC Zimbabwe says domestic sales in the first five months of the year are down 5 percent compared to the same period last year. PPC managing director Njombo Lekula said domestic...