GOLD production at Freda Rebecca Mine declined by 25 percent to 13,072 ounces in the last quarter of 2013 due to engineering down time and the annual shut down.Pan-African firm, Mwana Africa, which o...
By Staff reporter | Published: 30 January 2014
The Tobacco Industry and Marketing Board (TIMB) indicated that more than 87,000 growers have so far registered for the 2014 season."To date, about 87,281 growers have registered for the 2014 season co...
By Staff reporter | Published: 30 January 2014
ZIMBABWE has this year exported more than five million kilogrammes of tobacco valued at $22,3 million, data from the Tobacco Industry and Marketing Board (TIMB) show.TIMB indicated that as of January ...
By Staff reporter | Published: 30 January 2014
Interfin Bank Limited has found an investor who is willing to inject $50 million needed to recapitalize the ailing institution.Speaking after the Interfin Financial Services annual general meeting tod...
By Staff reporter | Published: 30 January 2014
MANUFACTURER Hunyani Holdings Ltd says it will no longer sell its subsidiary Softex Tissue Products (Pvt) Ltd. The disposal of Softex, which had initially been expected to have been concluded during t...
By Staff reporter | Published: 30 January 2014
TELECEL Zimbabwe is set to register over 60% of its subscribers on Telecash mobile money platform in the first six months of this year, a company official has said.Telecash is direct competition to Ec...
By Staff reporter | Published: 30 January 2014
The total banking deposits closed 2013 at $4,7 billion while loans and advances were at $3,7 billion, the central bank said yesterday. As at May 2013, total deposits stood at $3,7 billion down from $4...
By Staff reporter | Published: 30 January 2014
Zimbabwe's pig industry is in dire straits due to a combination of factors such as high costs of feed, depressed demand due to low consumer spending and low producer price. The industry has over the p...
By Staff reporter | Published: 30 January 2014
Econet Wireless Zimbabwe has said it is willing to deal with individual financial institutions only with regards to the opening up of the USSD gateway. Econet was under pressure to revise its position...
By Staff reporter | Published: 30 January 2014
Banks now have to justify and obtain approval from the Reserve Bank of Zimbabwe before effecting increases on charges and lending rates. Presenting the 2014 Monetary Policy Statement acting RBZ Govern...
By Staff reporter | Published: 30 January 2014
Local equipment distribution company Westia Group last week signed a memorandum of understanding with the Small Enterprises Development Corporation that will see beneficiaries' access equipment on cre...
By Staff reporter | Published: 30 January 2014
The government has introduced a range of additional licensing costs for privately owned telecoms companies in the country after missing its revenue targets for 2013 by 6%, local news agency IT Web New...
By TeleGeography | Published: 29 January 2014
Telecel today launched its electronic wallet service, telecash, which allows mobile phones to be used to send money to anyone with a mobile phone, regardless of network, and pay for groceries, bills, ...
By Staff reporter | Published: 29 January 2014
Canadian based firm Caledonia Mining Corporation has complied with Government's directive for local mines to sell their gold to Fidelity Printers in a bid to stop the export of unprocessed gold.In a s...
By Staff reporter | Published: 29 January 2014
Willowvale Mazda Motor Industries (WMMI) will soon return to its original business model of assembling different types of cars in an effort to revive its waning fortunes, an official has said.WMMI, wh...
By New Ziana | Published: 29 January 2014
Phoenix Consolidated Industries Limited is considering delisting from the Zimbabwe stock exchange as part of the company's turnaround strategy. In a report presented to creditors at the High court thi...
By Staff reporter | Published: 29 January 2014
Just over 20 banking institutions currently on the ZimSwitch platform have partnered Zimbabwe's second largest mobile phone operator, Telecel, in launching a mobile money service as Zimbabwe pushes fo...
By Staff reporter | Published: 29 January 2014
Rouqui Investments, a company with diverse business interests is at an advanced stage of building a blanket factory in Beitbridge at a cost of $23 million, Roy Muleya, a director of the company said i...
By Staff reporter | Published: 29 January 2014
Foreign-owned bank Standard Chartered Zimbabwe has ordered the Industrial Development Corporation to close its bank account with the institution next month as part of widespread Western-backed sanctio...
By Staff reporter | Published: 29 January 2014
Metallon Gold Zimbabwe says it will not shut down Arcturus Mine despite persistent losses due to low ore grade and falling gold prices. Head of corporate affairs Zenzo Nsimbi said Arcturus Mine was cl...
By Staff reporter | Published: 29 January 2014
Zimbabwe's platinum mining sector could benefit from an indefinite strike embarked upon by South Africa's platinum mine workers through increased global platinum prices due to reduced market supply, a...
By Staff reporter | Published: 29 January 2014
Zimbabwe's mining royalties slumped by 45 percent to $133,7 million against a target of $245 million in the full year to December 2013, casting further doubt on the country's 2014 economic projections...
By Staff reporter | Published: 29 January 2014
THE Supreme Court has ordered Mr Johannes Tomana, the Prosecutor - General, to issue a certificate to privately prosecute Telecel shareholder Jane Mutasa within five days on charges of swindling the m...
By Staff reporter | Published: 28 January 2014
Imara Edwards Securities released its Zimbabwe macroeconomic report 2013 review and 2014 outlook.A sweet spot for the ZSE in 2013After a largely indifferent year in 2012 the ZSE industrial index repor...
By Imara | Published: 28 January 2014
The three auction floors licensed to sell tobacco this year have almost completed preparations for the marketing season which starts on February 19. The Tobacco Industry Marketing Board has licenced B...
By New Ziana | Published: 28 January 2014
ZCTU implores govt to review US$150 minimum wage 
DRC bans US dollar cash payments 
Trump admin launches $166B tariff refund portal 
Gold-backed ETF set for VFEX debut 
Zimbabwe's currency is undervalued by nearly half 
Zimbabwe moves to crack down on proxy mining deals 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
