INDUSTRIALS & ENERGY

Renault targets Zimbabwe with all new 'climber'

Renault, one of the fastest growing automotive brands, created history with its Renault KWID. This attractive, innovative and affordable car, is a true game-changer and volume driver for Renault.Stayi...

By Staff reporter | Published: 05 June 2018

FINANCIAL SERVICES

Golix looks outside Zim to stay alive

ZIMBABWE'S cryptocurrency exchange, Golix, has turned to Kenya, South Africa and Uganda to continue trading its cryptocurrencies as it continues to battle for survival following a ban on its local ope...

By Staff reporter | Published: 05 June 2018

MINING & RETAIL

Diamonds boss admits Marange diamond looting

ZIMBABWE Consolidation Diamond Company (ZCDC)'s chief executive officer, Morris Mpofu, has claimed that some of his subordinates were working in cahoots with illegal diamond miners to steal the gems ...

By Staff reporter | Published: 05 June 2018

MINING & RETAIL

Edgars to resume exports

GIANT clothing manufacturer and retailer, Edgars Group, says it will soon resume garments and clothing exports into the region.In an interview after the ZimTrade/Zimra stakeholder engagement seminar h...

By Staff reporter | Published: 05 June 2018

CONSTRUCTION & PROPERTY

NRZ property revenue rises

THE National Railways of Zimbabwe (NRZ) is working on increasing its revenue streams by expanding its property portfolio, whose revenues soared to $5,67 million last year from $3,3 million in the prio...

By Staff reporter | Published: 05 June 2018

CONSTRUCTION & PROPERTY

Demand for residential properties grows

Listed property firm Mashonaland Holdings Limited says it has made progress on the development of two residential projects in Ruwa and Harare during the six months to March 31, 2018, as it taps into t...

By Staff reporter | Published: 05 June 2018

LANDS & AGRICULTURE

Command Poultry excites Chegutu farmers

About 500 farmers in Chegutu District have volunteered to participate in the Government's Command Poultry programme.The programme is part of the Command Livestock initiative being rolled out by Govern...

By Staff reporter | Published: 05 June 2018

TELECOMS & TECHNOLOGY

Zimbabwe pushes for increased spectrum in ICT

Zimbabwe is pushing for additional spectrum to support growth for its broadcast and information communication technology (ICT) industry, permanent secretary in the Ministry of Information Communicatio...

By Staff reporter | Published: 05 June 2018

FINANCIAL SERVICES

Time Bank fights land grab

TIME Bank shareholders have filed an urgent chamber application at the High Court seeking suspension of earlier court judgments in a case which went in favour of a party claiming to have been allocate...

By Staff reporter | Published: 05 June 2018

TELECOMS & TECHNOLOGY

Smart technologies will drive Africa's electrical expansion

The use of advanced metering technologies is steadily on the rise in Africa, but, to evolve the business models of the electrical utilities operating on the continent, utilities still need to harness ...

By Staff reporter | Published: 04 June 2018

FINANCIAL SERVICES

FinTechs are filling the gaps in SA's banking industry

The South African government has committed to an aggressive program of economic reform to reignite its stalled economy. President Cyril Ramaphosa's new deal for banks and corporates offers renewed dyn...

By Agencies | Published: 04 June 2018

TELECOMS & TECHNOLOGY

Kwese TV creates 2 500 jobs in Zimbabwe

Kwese TV, a unit of Econet Media, has created 2 500 jobs in Zimbabwe since it was launched in October last year.The satellite and broadcasting TV network, which is currently offering flexible packages...

By Staff reporter | Published: 04 June 2018

FINANCIAL SERVICES

Ecobank named Africa's best and most innovative

PAN-African banking group, Ecobank, has won two major awards at the recent African Banker's prestigious ceremony held in Busan, South Korea.The bank has been named 'best retail bank in Africa' after ...

By Staff reporter | Published: 04 June 2018

INDUSTRIALS & ENERGY

Simbisa to open more outlets in Kwekwe

FAST food chain, Simbisa Brands is set to open two outlets in Kwekwe in the next two months as it spreads its wings to maintain market dominance on the local market.Simbisa already operates Nando's, C...

By Staff reporter | Published: 04 June 2018

FINANCIAL SERVICES

Barclays Zim to operate under dual brand by October

BARCLAYS Bank of Zimbabwe says it will be operating under a dual brand by October this year following its acquisition by FMB Malawi last year.Last October, FMB received regulatory approvals to acquire...

By The Source | Published: 04 June 2018

FINANCIAL SERVICES

Steward Bank profit before tax rises 133%

STEWARD Bank has recorded profit before tax of $32,7 million for the full year ended February 28, 2018, a 133 percent jump from last year's $8,4 million.In statement accompanying the bank's financial ...

By Staff reporter | Published: 04 June 2018

TELECOMS & TECHNOLOGY

Econet reports $831m topline revenue

ECONET Wireless Zimbabwe has reported impressive $831,6 million top line revenue for the full year ended 28 February 2018, a 34 percent increase from the $621,7 million reported in the prior year.Buoy...

By Staff reporter | Published: 04 June 2018

TELECOMS & TECHNOLOGY

Potraz rakes in over $120 million

THE Postal and Telecommunications Regulatory Authority of Zimbabwe has collected over $120 million since the introduction of the multi-currency system in 2009 under the Universal Services Fund (USF), ...

By Staff reporter | Published: 04 June 2018

TELECOMS & TECHNOLOGY

Econet in $50m debenture poser

ECONET Wireless Zimbabwe is desperate to find a quick solution to circumvent regulatory challenges which have hampered plans to list $50 million debentures on an external securities exchange to protec...

By Staff reporter | Published: 04 June 2018

LANDS & AGRICULTURE

SeedCo revenue down 5%

A combination of adverse factors saw pan-African seed giant Seed Co record lower than expected sales volumes and revenue for the year-ended March 31, 2018. According to chief executive officer Morgan ...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

Mash Holdings reviews land banks

Listed property development firm, Mash Holdings says it is reviewing its land banks as a way of unlocking value for shareholders. The group's chairperson, Ron Mutandagayi said the company will maintai...

By Staff reporter | Published: 04 June 2018

FINANCIAL SERVICES

'Zimbabwe banks ripping-off clients'

Employees in the financial and banking sector under the Zimbabwe Banks and Allied Workers Union (Zibawu) have accused banks of ripping-off clients while paying them slave wages.The workers, in a lett...

By Staff reporter | Published: 04 June 2018

LANDS & AGRICULTURE

Seed Co takes farmers to global expo

Local seed company Seed Co's thought leadership initiatives recently saw 30 farmers being flown to South Africa to join about 80 000 agriculture stakeholders across the globe at the Nampo Park Exhibi...

By Staff reporter | Published: 04 June 2018

FINANCIAL SERVICES

Govt urged to set up financial intelligence unit

THE Government should establish an independent financial intelligence unit, outside the Reserve Bank of Zimbabwe, to guarantee its effectiveness under the Money Laundering and Proceeds of Crime Act....

By Staff reporter | Published: 04 June 2018

MINING & RETAIL

JR Goddard opens up on lithium contract

BULAWAYO businessman Mr Jim Ross Goddard says his company will deliver the best service and render investment value after it won an earth-moving contract running into millions of dollars from Prospect...

By Staff reporter | Published: 04 June 2018
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