Motorola Solutions is considering expanding its operations in Zimbabwe as it targets to benefit from the anticipated economic recovery.Motorola Solutions is a different entity from cellphone manufactu...
By New Ziana | Published: 07 November 2013
A diamond mine at Murowa diamond mine in Zvishavane, has been named the "most valuable diamond" by Rio Tinto during a "Specials" tender showcasing the finest, large rough diamonds from the company's t...
By Staff reporter | Published: 07 November 2013
Zimplow Holdings today announced the disposal of 100% of its shareholding in Bulawayo Steel Products (Private) Limited trading as Tassburg, effective 1 November 2013 to members of the management team...
By Staff reporter | Published: 07 November 2013
SeedCo recorded a first half loss of $12.8m compared to $8.9m in the prior year. This is as per SeedCo tradition. Group Chief Executive Officer Morgan Nzwere said the company was looking forward to...
By Staff reporter | Published: 07 November 2013
TRUST HOLDINGS is on the verge of concluding a placement with a South African firm MOGS to raise $20 million to comply with minimum capital requirements and enhance liquidity in its banking unit.Acc...
By Staff reporter | Published: 07 November 2013
STEWARD Bank has reported massive write downs in its operations, with swelling expenses and declining incomes during the half year to August 31, 2013 highlighting the challenge that its new owner, Eco...
By Staff reporter | Published: 07 November 2013
ZIMBABWE'S banks have reneged on a pact with the Reserve Bank of Zimbabwe (RBZ) aimed at lowering borrowing costs for the country's struggling industrial sector and encouraging domestic savings.Banks ...
By Staff reporter | Published: 07 November 2013
The Grain Marketing Board (GMB) has missed the target of commissioning its stock-feeds manufacturing plant in Norton in September due to delays in the shipment of critical components required to finis...
By Staff reporter | Published: 06 November 2013
Chinese mobile phone maker, Huawei Technologies, has entered the Zimbabwean market through a partnership with Econet Wireless which will give dominant brands such as Samsung, Nokia and Apple a run for...
By Staff reporter | Published: 06 November 2013
African Distillers Limited MD Cecil Gombera told the AGM that the company recorded a 6% growth in volumes in the first quarter (July- September 2013) of the financial year as the group focuses on grow...
By Staff reporter | Published: 06 November 2013
Private Equity investment firm Brainworks Capital is set to make a mandatory offer to all listed African Sun shareholders. This is after the group recently completed an acquisition of 36.51% of the to...
By Staff reporter | Published: 06 November 2013
Chief executive of food and beverages manufacturing concern Cairns Foods Ltd Mr Silas Gweshe has resigned ahead of the completion of the acquisition of a controlling stake in the company by Vasari Gl...
By Business Reporter | Published: 06 November 2013
THE Reserve Bank of Zimbabwe has given local banks the go ahead to individually apply for permission to join the Sadc Integrated Regional Electronic Settlement System after the banks successfully test...
By Staff reporter | Published: 06 November 2013
The Supreme Court has ordered the Zimbabwe Allied Banking Group (ZABG) to reinstate its former Head of Compliance section Stella Nhari who was unlawfully dismissed by the financial institution in 2008...
By Staff reporter | Published: 05 November 2013
Impala platinum says it is on course to complete the Zimplats Phase 2 expansion project which is expected to increase the country's annual platinum output to 430 000 ounces.Implats, which is a major ...
By Staff reporter | Published: 05 November 2013
The Shipping and Forwarding Agencies of Zimbabwe (SFAAZ) has raised concern of the delays by the National Railways of Zimbabwe (NRZ) in delivering cargo to various parts of the country especially Hara...
By Staff reporter | Published: 05 November 2013
Meikles department stores has reversed its decision to retrench 55 of its workers after the retrenchment board ordered it to pay out almost $1 million in retrenchment packages.Meikles department store...
By Staff reporter | Published: 05 November 2013
GOVERNMENT says it will review mining royalties and rates of taxation with a view to reduce the cost from mining charges to ensure optimal exploitation of minerals, Deputy Minister of Mines and Mining...
By Staff reporter | Published: 05 November 2013
Metallon Gold Zimbabwe group chief executive officer Mr Allan Mashingaidze has resigned barely a year after his two predecessors also resigned. In a telephone interview, Metallon corporate affairs m...
By Staff reporter | Published: 05 November 2013
HOTEL group African Sun Limited has reduced its short-term debt by more than 30 percent following the disposal of some shares in property firm, Dawn Properties. As at 31 March, ASL's short-term debt s...
By Business Reporter | Published: 05 November 2013
PLATINUM miner Mimosa faces a wave of strikes over plans to cut up to 700 jobs. The Zvishavane-based miner is also mulling wage cuts citing operational challenges.Top management from Implats and Aquar...
By Staff reporter | Published: 05 November 2013
Islamic group Orischart says it is in negotiations with monetary authorities in Zimbabwe to introduce Islamic banking in the country.Ashirai Mawere, an Orischart official, told businessdaily that the...
By Staff reporter | Published: 05 November 2013
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The Zimbabwe Energy Regulatory Authority (ZERA) is concerned with the slow pace at which some licensed Independent Power Producers (IPP's) are implementing their projects.ZERA has in recent years lic...
By New Ziana | Published: 04 November 2013
The Grain Marketing Board (GMB) said on Sunday it now owed wheat and maize farmers at least $3.2 million after paying part of the debt owed to them.Government recently released at least $9 million to ...
By New Ziana | Published: 04 November 2013
The Industrial Development Corporation (IDC) is still hunting for an investor to take over its 49 percent shareholding in Bulawayo based manufacturing firm, Zimbabwe Grain Bag (ZGB).The company was ...
By New Ziana | Published: 04 November 2013
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
