Tetrad Investment Bank could finally have got the Reserve Bank of Zimbabwe off its back after completing a deal to bring in an investor.Tetrad was one of the seven banks that were being monitored by t...
Pan-African telecoms operator, Gondwana International Networks has announced that it has signed a new contract with Avanti Communications which will see the latter deploy both broadband and VOIP servi...
INDUSTRY and Commerce minister Mike Bimha says Bulawayo industries are top priority to benefit from a $100 million credit facility extended to Zimbabwe by the Indian government.The Zimbabwe government...
Zimbabwe's agriculture will recover by 7,3 percent this year, the World Bank has said in its latest country report.It said after a poor 2012\13 season, agriculture is expected to rebound largely on th...
Kwekwe-based ZimChem Refiners Private Limited has started producing stone pre-coat oil, which the country has been importing from other countries.In an interview at the just-ended Zimbabwe Internation...
Rwanda's national airline, RwandAir could be the latest airline to fly into Harare as the country continues with efforts to woo more airlines into the country. Civil Aviation Authority of Zimbabwe chi...
Zimbabwe-focused investment company Cambria Africa is prepared to offload its hotel property, Leopard Rock, which is located in Vumba in the Eastern highlands of the country. According to an e-mail st...
Government will not issue permits for chrome ore exports as its focus is currently on value addition and beneficiation of minerals, Mines and Mining Development Deputy Minister Fred Moyo said. Deputy ...
Embattled national airline, Air Zimbabwe is faced with a potentially crippling skills flight of key aircraft technicians, engineers and pilots.Impeccable sources at the airline said regional and inte...
Combative workers union, The Zimbabwe Allied Bankers and Workers Union (Zibawu) is spiritedly campaigning for the voluntary resignation of Infrastructure Development Bank Zimbabwe (IDBZ) chief execut...
Anglo-American Platinum Limited (Amplats) says its Zimbabwean unit, Unki Mine, which recorded a 4 percent increase in production, helped to cushion losses incurred in the South African mines whose ope...
Cement manufacturer PPC said today that it is likely to post higher profits in the six months to March 2014. In a trading update, PPC said this is attributable to "non-recurring accounting items."The ...
Zimbabwe has so far sold tobacco worth $300 million, a 3,8 percent improvement from last year's $289 million in the comparable period.Latest figures from the Tobacco Marketing Industry Board (Timb) sh...
Zimbabwe is still some way off to be fully capacitated to harness the opportunities offered by information and communication technologies (ICTs).A study by the World Economic Forum released yesterday ...
Zimbabwe is equipping the state owned Mining Promotion Corp. to drive the search for new mineral reserves together with external partners, Mines Minister Walter Chidakwa said.Minerals exploration and ...
Zimbabwe Stock Exchange-listed group TA Holdings says it is anticipating a loss for the year ended December 31 2013 following an impairment charge against one of its subsidiaries.In a statement, the g...
The United States says Zimbabwe must rebuild confidence in its vulnerable banking sector to enable the country to attract foreign investment.Bruce Wharton, the US ambassador to Zimbabwe, said foreign ...
STEWARD Bank on Wednesday opened a new branch in Bulawayo as part of its expansion drive.Speaking at the official opening of the branch along Fife Street, Steward Bank chief executive officer (CEO) Kw...
THE Zimbabwe National Roads Administration (Zinara) has been rocked by a labour dispute with employees manning its tollgates after the road company allegedly breached its contractual agreement over sa...
AFRASIA Bank, formerly Kingdom Bank, has been sued for about $79 million by local tycoon Zachary Wazara and his firm Spiritage Zimbabwe Limited for allegedly breaching its obligations in Valley Techno...
This week's announcement Mauritius-based Afrasia Bank Ltd has increased shareholding in AfrAsia Zimbabwe Holdings Limited to 62,5% , following the injection of an additional $20 million into the enti...
ZCTU secretary-general Japhet Moyo says financial problems at Zupco is symptomatic of the abuse and mismanagement of parastatals in the country.Several parastatals face viability problems that have se...
Beleaguered state owned bus company, Zimbabwe United Passenger Company (Zupco) has all but fallen apart due to financial dire straits that have resulted in the grounding part of its fleet of buses and...
Old Mutual Zimbabwe Limited shareholders this week approved a share buyback meant to facilitate the eventual disposal of shares to indigenous Zimbabweans in line with the company's compliance to the i...
Local Banks will increasingly reel from persistent deflation as analysts fear growing depressed demand for loans and massive defaults on borrowing by companies and individuals struggling under a liqui...