CBZ Holdings Limited announces the appointment of Mr. Richard Victor Wilde as Chairman of the board with effect from 20 February 2014. Mr. Wilde is a former Deputy Governor of the Reserve Bank of Zimb...
Cafca MD Rob Webster told the AGM that the copper barter recycling deal has put the firm in a profitable situation as they expect the profit to go up 30% year-on-year."The barter deal started la...
Telecel Zimbabwe (Private) Limited has said the attempt by the Prosecutor-General, Johannes Tomana, to appeal against the Supreme Court ruling forcing him to issue a certificate for the private prosec...
MINES Minister Walter Chidhakwa has suggested that only one company could survive the purge expected on diamond mining operations in Chiadzwa, with the rest likely to be forced to merge.Indications ar...
THE purchase of Zuva Petroleum assets by a company owned by John Mushayavanhu has torched off controversy over allegations the banker could be fronting for a British-based commodities firm, Glencore H...
Zimbabwe expects to rake in nearly $35 million from the second auction of its diamond in Antwerp, Belgium this week. The country - planning to resume local auctions this year - put over 923 000 diamon...
Listed Chemco Holdings limited plans to convert a debt owed to TSL into equity. Consequently, TSL - owed around $2 million - will increase its shareholding to 81.64% in the agro-focused group. Chemco ...
Mines minister Walter Chidhakwa has said government is committed to carrying out a thorough due diligence analysis on the two companies that have been shortlisted to set up a platinum refinery in the ...
Chemco Holdings plans to delist from the Zimbabwe Stock Exchange this year as it seeks shareholder approval for the transaction due to limited retail and institutional investor interest in Chemco shar...
The 2014 tobacco selling season opened yesterday with the first bale selling at $4,85 per kilogramme which is slightly higher than the $4,50 offered last year. At least 185 million kilogrammes of toba...
Delta is spending close to $12 million on the expansion of its Chibuku Super plant in Chitungwiza, with annual production expected to triple to 1.8 million hectolitres. The plant will be completed by ...
Zimbabwe has reduced licence fees for local diamond polishing and cutting firms from $100 000 to $20 000 annually. The licence is valid for 10 years. Walter Chidhakwa, the Mines minister, t...
State-owned wireless network operator, NetOne, says it is owed $10 million by government, a development that has affected its operational efficiency. Its chief executive, Reward Kangai, said the...
The liquidation hearing of Trust Bank Corporation has been postponed to next month after the Reserve Bank of Zimbabwe failed to file its heads of arguments in response to the opposing affidavit from ...
The Ministry of Transport and Infrastructure Development was at the core of the rot at Air Zimbabwe as it emerges that Frank Chitukutuku, the Zimbabwe National Roads Administration CEO, is among the ...
NMB Bank Limited is looking to raise about $5 million from investors such as pension funds to provide loans for Small and Medium Enterprise companies that have the capacity to pay back the money, NMB...
South African firm Vasari Global's bid to acquire Cairns Holdings is back on track after the parties agreed on a valuation following disputes over the purchase price. Sources said it was now mor...
Zimbabwe is planning to establish a provisional diamond exchange by the end of the first half of this year, Mines and Mining Development Minister Walter Chidhakwa has said. Addressing the media ...
The Tobacco Industry and Marketing Board says it will be on the lookout for nesting when the 2014 marketing season for the "golden leaf" opens today. Nesting tobacco means placing good quality t...
The 2014 tobacco selling season will open today with 47 percent of the crop expected to come from communal farmers. Stakeholders have expressed confidence that the 2014 selling season would surp...
The Civil Aviation Authority of Zimbabwe lost hundreds of thousands of United States dollars through undercharging landing fees for airlines using Harare, Victoria Falls and Joshua Nqabuko internatio...
For FY 2013, Chemco posted an improved operating performance following the restructuring of the company. The operating loss reduced by 83% to $153,256. Net gearing deteriorated to an untenable 1...
Zimbabwe's Ministry of Information Communication Technology (ICT), Postal and Courier Services will stage an e-Tech Africa expo conference and exhibition from 11 - 14 March 2014.The theme for this ye...
Global telecoms operator Telecel International has denied rumours that it is pulling out of Zimbabwe. The company on Monday dispelled reports that it was shutting down because it was reluctant to pay...
Meikles has warned of a deflationary period in Zimbabwe as it takes legal action against the Reserve Bank of Zimbabwe and Ministry of Finance and Economic Development to recover funds held on deposit...