Zimplats will start refurbishing its base metals refinery at a cost of $100 million in July after completing a preliminary plant assessment.Addressing delegates during a tour of Zimplats' operations o...
By Staff reporter | Published: 02 June 2014
Banks charge punitive interest for loans to industry and commerce because they get funds at a premium due to the high country risk profile, a central bank official said.RBZ senior divisional chief, ec...
By Golden Sibanda | Published: 02 June 2014
Padenga Holdings Limited CE Gary Sharp told the AGM this morning that the demand for crocodile meat remains weak in Europe and Asia, as the group's efforts were focused on searching for alternative vi...
By Staff reporter | Published: 30 May 2014
Seven employees, including a manager, were seriously injured after a gas tank exploded in a mine tunnel at Freda Rebecca Mine on Tuesday. Some of the seven were taken to Bindura Provincial Hospital be...
By Staff reporter | Published: 30 May 2014
Zimbabwe Power Company (ZPC) says the design for Kariba South expansion has been approved and a hydrographic survey is being conducted by Sinohydro in Lake Kariba around the intakes.With a capacity of...
By Staff reporter | Published: 30 May 2014
Hunyani Holdings Ltd, a paper packaging and forestry company, reported an operating loss in the six months to April as costs increased while revenue declined. The Zimbabwe Stock Exchange-listed compan...
By Staff reporter | Published: 30 May 2014
The Government has agreed to consolidate the $27 million debt owed to Seed Co (Pvt) Limited by various Government departments for seed supplied under agricultural input schemes since 2007. Seed Co is ...
By Tinashe Makichi | Published: 30 May 2014
Australian listed company, Prospectus Resources says it has entered into a placing agreement to raise $1million dollars about A$1 078 748) through the issuance of 71,9 million shares at $0,015 t...
By Staff reporter | Published: 30 May 2014
Canadian-based company, NanoStruck Technologies Inc. says it has signed a non-binding Letter of Intent (LOI) with Purple Grid Trading Pvt Ltd, a Zimbabwean company whereby Purple Grid will use NanoStr...
By Staff reporter | Published: 30 May 2014
Econet Wireless says it is making inroads to increase smart phone penetration in the country with a view to increasing broadband usage.Speaking at an investment forum, Econet chief executive Douglas ...
By Staff reporter | Published: 30 May 2014
National airline Air Zimbabwe is now poised to resume international flights as it has been readmitted into International Air Transport Association International (IATA) Operational Safety Audit progra...
By Staff reporter | Published: 30 May 2014
Zimbabwe's insurance industry could be sitting on $1 billion worth of premiums which can only be unlocked by increasing the insurance penetration rate from the current 3,65 percent.First Mutual Holdi...
By Staff reporter | Published: 30 May 2014
AIM-listed Mwana Africa's Bindura Nickel Corporation (BNC) is targeting to process minerals from other countries in the region at its Bindura smelter and refinery complex once refurbishment has been ...
By Staff reporter | Published: 30 May 2014
ABC Holdings says regulatory and other approvals are being sought for the disposal of its controlling shareholding to a company owned by former Barclays Plc chief executive officer Bob Diamond.Under t...
By Staff reporter | Published: 29 May 2014
ZIMBABWE Stock Exchange-listed concern, Pearl Properties, recorded below-target revenue of $2,9 million for the four months to April 30, due to increasing rent arrears.General manager Francis Nyambiri...
By Staff reporter | Published: 29 May 2014
ZIMBABWE Stock Exchange listed Edgars recorded a $281 000 loss in the four months to April 2014 when compared to the same period last year due to due to operating environment which tightened on the b...
By Staff reporter | Published: 29 May 2014
NicozDiamond managed to record a revenue growth of 6% as at April 2014 compared to the same period last year, MD Grace Muradzikwa told the AGM today. "We are grateful to our business providers to...
By Staff reporter | Published: 29 May 2014
THE Labour Court has ordered ailing meat processing firm, Cold Storage Company (CSC) to pay over $450,000 in outstanding salaries to 209 employees after efforts to reconcile the two parties failed.CSC...
By Staff reporter | Published: 29 May 2014
RioZim is negotiating the term sheet for a $45 million facility with an international financier to refinance the group's bank debt, which now stands at $40 million, managing director Mr Ashton Ndlovu ...
By Business Correspondent | Published: 29 May 2014
Bindura Nickel Corporation is targeting a 42 percent increase in nickel production within the next two years as the company intensifies efforts to restart its smelter shut down during the hyperinflati...
By Tinashe Makichi | Published: 29 May 2014
The New Limpopo Bridge, one of Zimbabwe's most successful projects under build operate and transfer model, is undergoing extensive facelift ahead of its handover to Government next month. The bridge t...
By Staff reporter | Published: 29 May 2014
Listed property concern Mashonaland Holdings says it is considering reviewing rentals for its properties downwards in response to the high default and void rates in sector.Speaking at the Imara Invest...
By Staff reporter | Published: 28 May 2014
Listed financial concern Tetrad Holdings Limited posted a staggering loss of $16,2 million for the year ended September 31 2013 weighed down by provisions for the banking division's non-performing loa...
By Staff reporter | Published: 28 May 2014
The number of telecash agents and merchants that have signed up with Telecel now stands at more than 3 000, almost double the number that had been registered when telecash was launched at the end of J...
By Chengetai Chinembiri | Published: 28 May 2014
Zimpost has processed transactions worth over $30 million under its Zipcash money transfer facility since it launched the service in October last yearZimpost has processed transactions worth over $30 ...
By New Ziana. | Published: 28 May 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
