Eastway (Pvt) Limited, a subsidiary of Twalumba Holdings, has signed a $1.6 billion deal with Thompson Cole Consortium, a UK-based firm, for the construction of solar power generation plants in the co...
The Tobacco Industry and Marketing Board have revised the tobacco target from 170 million to 166,5 million.This follows the decline in tobacco deliveries at most contract floors.TIMB chief executive D...
ZIMPLOW Limited is confident the new Government will adopt economic policies that favour agriculture, mining and infrastructure in what should positively impact its business.Group chief executive Mr Z...
FBCH has put on hold plans to merge its banking and mortgage lending units until the central bank clarifies the bank's recapitalisation deadlines. The group intends to combine FBC Bank and FBC Buildin...
ZIMBABWE Artisanal and Small-Scale Miners Council (ZASMC) is finalising a deal with the Allied Bank on a loan scheme facility to fund operations of small-scale miners in the country.ZASMC president We...
Stanbic Bank, the Zimbabwe-based unit of Standard Bank Group, has remained profitable despite the challenging economic and banking environment it operates from.In its half-year to June 30 2013, Stanbi...
PAN African resources group Mwana Africa has appointed Mr Mark Wellesley-Wood as non executive chairman.He takes over from Mr Oliver Baring whose resignation was announced on Monday.Mwana said Mr Well...
ZESA Holdings has warned Zimbabweans to brace for increased load shedding outside the published schedule as the Hydro Cabora Bassa (HCB) is undertaking maintenance on its plant.In a statement yesterda...
Zimpapers chief executive Justin Mutasa said the installation of the $2.2 million fully automated Orient X-Cel printing press was at an advanced stage and would be ready for trial runs in two weeks. ...
CHINA Africa Sunlight Energy said it plans to invest as much as $2.1 billion in Zimbabwe developing coal mines and building a 2,100-megawatt plant powered by the fuel to help ease electricity shortage...
METBANK'S after tax profit for the half-year period ended June 30, 2013 went up by about 27 percent to $1,9 million compared to the same period last year's figure of $1,5 million largely owing to a de...
Standard Chartered Bank Zimbabwe Limited (StanChart)'s profit after tax slumped 10 percent to $7,2 million in the half year to June 2013, weighed down by a tough operating environment.The financial i...
The Zimbabwe Energy Regulatory Authority has spent $400 000 on a new fuel quality testing mobile laboratory to protect consumers from substandard products after the introduction of mandatory blending ...
NetOne, Zimbabwe's third largest mobile operator, last week announced via adverts in the press the reduction of its 3G broadband dongle from the previous $50 to $35. The announcement comes a whole 6 m...
South African based company JM Busha Investments plans to set up an investment bank in the country.Group managing director Mr Joseph Makamba Busha told New Ziana that the company would be engaging rel...
OLD MUTUAL Investment Group Zimbabwe has recorded an 82% increase in after-tax profit to $1,4 million for the six months ended June 30 2013 compared to $763 000 during the comparative period last year...
Shareholders are advised that the level of production in cotton this year was much lower than prior years consequently the company will post a loss for the year to 31 March 2014 that is substantially...
Old Mutual plc has announced that Dr Nkosana Moyo has agreed to join its Board as an independent non-executive director with effect from 1 September 2013. He will also become a member of the Board Ri...
British American Tobacco has been certified as a top employer in southern Africa by the Top Employers Institute. Based on independent research, the Top Employers Institute said British American Tobacc...
New Dawn Mining Corp announced that Falcon Gold Zimbabwe Limited, has shut down its 100% owned Dalny Mine located in Kadoma effective as of August 30, 2013.The Dalny Mine produced 1,949 ounces of gol...
The Hospitality Association of Zimbabwe (HAZ) today said business was brisk during the United Nations World Tourism Organisation (UNWTO) general assembly with hotels recording above 90 percent occupan...
From their presentation at the analyst briefing after announcing their half year results NicozDiamond managing director, Mrs Grace Muradzikwa said that retaining human capital skills was one of their ...
MWANA Africa Plc executives have agreed to a 50 percent pay cut as the pan-African multi-commodity mining company bids for $5 million in annual savings.The Alternative Investment Market listed mining ...
NMB Bank Chief Executive James Mushore told an analyst briefing yesterday that his bank is going to explore growth opportunities in other market segments saying the journey might lead them to opportu...
SeedCo Chief Executive Morgan Nzwere told the AGM yesterday that SeedCo is optimistic about the forthcoming agriculture season as they expect the new government to pursue pro-agriculture policies.&nbs...