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...
THE People's Own Savings Bank (POSB) recorded a loss of $131 000 in operating profit in the first half of the year partly due to a drop in non- interest income and a decline in revenue reserves.Accor...
THE troubled Zimbabwe Engineering Company (Zeco) which is linked to flamboyant businessman Philip Chiyangwa recorded a depressing set of results for the financial year ended 2013. The depressing set ...
Meikles Centar Mining has cast acquisitive glances at Zimbabwe mining assets amid indications the company is planning to make a grand entrance onto the country's mining scene. A well-placed source sai...
Earnings for the 6 months to June for Stanbic Bank - a member of South Africa-headquartered Standard Bank - were up 23% to $8 million driven by growth in net interest income. Fee and commission income...
NMB chief executive officer James Mushore has warned that the cancellation of domestic consumer debts owed to local authorities and plans to write off more utility bills may worsen the liquidity crisi...
JOHANNESBURG, South-Africa - Ann Cairns, President of International Markets, MasterCard, with Peter Schlebusch, Group Executive, Standard Bank Group as they celebrate the signing of an agreement stren...
THE Central African Building Society has remained on a solid growth path after net surplus in the interim to June 2013 rose 11 percent to $10,6 million driven by increases in both interest and non-int...
Gold Star sugar volumes were adversely affected by cheap imports which are dumped into the market, Star Africa's CEO Sam Mushiri told an AGM today. Mushiri noted that there is now an understanding wit...
Afdis continues to enjoy growth in volumes, revenues and profits as it regains its position in the spirit and wines market supported by improving operational efficiencies. Sales volumes grew by 18% w...
Lafarge cement demand for the first 7 months of 2013 was constrained by limited construction activity, MD Jonathan Shoniwa said yesterday.Construction projects have not taken off as anticipated; cons...
DAIRIBORD Holdings' core earnings fell 170 percent in the six months to June this year due to unusually high costs, including retrenchment packages and relocation of machinery. One of the country's l...
AIR ZIMBABWE says it is targeting to resume flights to regional and international destinations before the end of this year.The airline suspended regional and international flights two years ago after ...
ECONET WIRELESS might have complied with the regulatory authority directive against slashing voice call tariffs by more than half, but the company still faces investigation into the propriety or impr...