The government will offload 49% of its holdings in the Agricultural Development Bank of Zimbabwe (Agribank) by year-end through privatisation to recapitalise the institution which urgently requires a ...
By Staff reporter | Published: 27 February 2014
CBZ Holdings Limited (CBZ) has recorded a profit after tax of $36, 7 million for the year to December 31, 2013 despite the economic challenges facing the country.Due to the group's prudence in provid...
By Staff reporter | Published: 27 February 2014
THE National Railways of Zimbabwe is negotiating with a financial institution for the funding of a railway rehabilitation programme, Minister of Transport Obert Mpofu said.In addition, the NRZ may com...
By Business Reporter | Published: 27 February 2014
Powerspeed's turnover in the four months to January was up 9 percent against the same period last year. Gross profit was up 19 percent but there was a 4 percent increase in expenses due to the branch ...
By Staff reporter | Published: 27 February 2014
Listed cement manufacturer, Lafarge Cement is looking at investing $20 million towards the rehabilitation of its cement manufacturing plant in order to boost its volumes.The cement manufacturing compa...
By Staff reporter | Published: 27 February 2014
The High Court has deferred to tomorrow the ruling on the urgency of a case in which South African-based businessman Mr Mutumwa Mawere wants the court to decide whether Shabanie Mashava Mines i...
By Staff reporter | Published: 27 February 2014
CBZ Holdings is set to issue a record $200 million Diaspora bond in April to be guaranteed by the African Export and Import Bank to replace the current $68 million bond which expires the same month. T...
By Staff reporter | Published: 27 February 2014
Allied Timbers Holdings has closed its Botswana business due to the fall in demand of roofing timber material in that country and has instead set sights on the Zambian market, a senior official said y...
By Staff reporter | Published: 27 February 2014
Tobacco auction floors in Karoi opened for trading on Monday, two weeks after the opening of the national selling season, with about 800 bales going under the hammer for prices generally welcomed by f...
By Staff reporter | Published: 27 February 2014
Old Mutual, will for the second successive year, be a major sponsor of the Harare International Festival of Arts (HIFA).The sponsorship will see the final and most popular day of HIFA named as Old Mut...
By Staff reporter | Published: 26 February 2014
Government has set a preliminary maize production target of between 1,6 million metric tonnes to 1,8 million metric tonnes following a good rainfall season.The permanent secretary in the Ministry of L...
By Staff reporter | Published: 26 February 2014
Zimbabwe's sole yeast manufacture, Anchor Holdings limited is seeking $4.5 million from the government to retool its manufacturing plant in Gweru. The absence of the latest technology at the plant and...
By Staff reporter | Published: 26 February 2014
Government intends to create a special purpose vehicle (SPV) that will assume the Reserve Bank of Zimbabwe’s debt estimated at $1.35 billion outside the central bank's books. Finance and Economic De...
By Staff reporter | Published: 26 February 2014
Renaissance Financial Holdings has implored the Reserve Bank of Zimbabwe to stop the National Social Security Authority from liquidating Capital Bank Limited saying the State-owned institution is not ...
By Staff reporter | Published: 26 February 2014
Mwana Africa Plc, the parent company of Bindura Nickel Corporation and Freda Rebecca, has sacked non-executive board chairperson Mark Wellesley-Wood amid suspicion he was an agent for a hostile takeov...
By Staff reporter | Published: 26 February 2014
Turnall Holdings Limited says production capacity for tiles fell by 28% due to a fall in domestic demand. As a result the company is planning to explore new markets in the region. Last year...
By Staff reporter | Published: 26 February 2014
Zimbabwe is losing billions of dollars worth of gold to South African buyers who are offering local small scale miners high prices for the yellow metal, Parliament heard on Monday. Officials fro...
By Staff reporter | Published: 26 February 2014
Blue Ribbon Industries requires as much as $40 million to bring the grain milling and processing company back to viability, judicial manager Reggie Saruchera has said. Saruchera said in an inter...
By Staff reporter | Published: 26 February 2014
BAT Zimbabwe recorded a 17% volume decline across its local brand portfolio for the year ended 31 December 2013 and management is expecting trading conditions to remain challenging in the face of a s...
By Staff reporter | Published: 26 February 2014
Zimbabwe has auctioned tobacco worth $1.1 million since the opening of the 2014 selling season last Wednesday. Around 517 762kg of the golden leaf went under the hammer at three licensed auction...
By Staff reporter | Published: 26 February 2014
The National Railways of Zimbabwe's revenue in the 8 months to August 2013 dropped by 11% to $54.74 million from $61.96 million in the comparable period the prior year as the state-owned institution ...
By Staff reporter | Published: 26 February 2014
PG Industries is looking to bring on board strategic partners to enhance the group's capital position and complement the initiatives being made to restructure creditor balances.In a circular to share...
By Staff reporter | Published: 25 February 2014
The Broadcasting Authority of Zimbabwe has said BOStv was operating illegally as a free-to-air TV channel, and must be incorporated into the MYTV bouquet on a subscription basis as authorised by thei...
By Staff reporter | Published: 25 February 2014
Wage negotiations between the Chamber of Mines and the Associated Mineworkers Union of Zimbabwe will today resume amid indications both parties are determined to reach an agreement to finally break th...
By Staff reporter | Published: 21 February 2014
Giant clothing manufacturer and retailer, Edgars Group is set to resume garments and clothing exports to the European Union among other international markets.In an interview, Edgars Carousel man...
By Staff reporter | Published: 21 February 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 
Mutapa Gold Resources CEO quits 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
