FINANCE minister Patrick Chinamasa and his Mines counterpart, Winston Chitando, are headed to South Africa for a mines indaba set for Tuesday in Cape Town, as the country is aggressively searching for...
By Staff reporter | Published: 03 February 2018
GOVERNMENT-OWNED stationery retailer Kingstons Holdings could soon face an avalanche of lawsuits and writs of execution after the High Court revoked its provisional liquidation status.Kingstons was pl...
By Staff reporter | Published: 02 February 2018
ZIMBABWE'S mining sector requires an estimated US$777 million to sustain operations and ramp up production this year, businessdigest has learnt.By September last year, local finance houses had extende...
By Staff reporter | Published: 02 February 2018
THE framework agreement of the National Railways of Zimbabwe's (NRZ) US$400 million recapitalisation tender has been signed, allowing a consortium, which won the tender, to immediately dispatch wagons...
By Staff reporter | Published: 02 February 2018
PAN African Resources (PanAf), a JSE-listed gold producer, has emerged as the company interested in buying the assets of Zimbabwe's ASA Resource Group, a base metals and gold firm.Panaf said earlier o...
By Staff reporter | Published: 02 February 2018
Time Bank has regained over 600 hectares of land, held through sister company Water Mount Estates; which had been lost to farmers who were irregularly allocated the land under the land reform programm...
By Staff reporter | Published: 02 February 2018
Australian based mining firm Prospect Resources on Wednesday said it has raised $10 million via a private placement of 166 million shares, which will be used to accelerate development of i...
By Staff reporter | Published: 02 February 2018
HWANGE Colliery Company Limited (HCCL) has assured its employee creditors that it will comply with the provisions of a scheme of arrangement agreed upon last year.The firm's scheme of arrangement was ...
By Staff reporter | Published: 02 February 2018
Government plans to reduce power tariffs to below what is charged by its regional counterparts in a bid to improve the country's competitiveness.The average regional price stands at 7.50c/kWh compared...
By Staff reporter | Published: 02 February 2018
Zimbabwe has over the past few years lost 102 correspondent banking relationships due to high country risk, Reserve Bank of Zimbabwe Governor Dr John Mangudya said.Correspondent banking represents the...
By Staff reporter | Published: 02 February 2018
British business tycoon Nicholas van Hoogstraten has ruled out a rights issue and borrowings at the diversified concern CFI Holdings Ltd, saying his family will provide any funding requirements at the...
By Staff reporter | Published: 02 February 2018
Government has urged white farmers to apply for land leases as the process will not be based on race or religion, an official has said. Addressing white farmers at Mbuya Nehanda Hall in Marondera on W...
By Staff reporter | Published: 02 February 2018
MIDLANDS-BASED ferrochrome producer, ZimAlloys is set to recruit over 500 workers within the first 18 months of operating under a new investor.ZimAlloys, which was placed under judicial management in ...
By Staff reporter | Published: 02 February 2018
Zimbabwe's largest platinum producer Zimplats Holdings Limited's revenue for the quarter ended December 30, 2017 jumped 80 percent to $184 million from the previous quarter on the back of sale of conc...
By Staff reporter | Published: 02 February 2018
Stanbic Bank Zimbabwe has been awarded $6 million after successfully suing a construction company for failure to honour an overdraft facility arrangement.The bank entered into a financial deal with CE...
By Staff reporter | Published: 02 February 2018
TRADE Kings Zimbabwe, a local fast moving consumer goods (FMCG) manufacturer and distributor, expects to complete construction of its paste detergent plant by end of this month, an executive has said....
By Staff reporter | Published: 02 February 2018
THE upcoming Mining Indaba in South Africa will present a platform for the new administration in Zimbabwe to attract investments into the country.One of the most-eagerly anticipated events at the foru...
By Staff reporter | Published: 02 February 2018
A SENIOR agronomist in Manicaland has expressed pessimism that the rains received starting on Wednesday will do much to rejuvenate crops and improve yields.Provincial agriculture extension officer (Ma...
By Staff reporter | Published: 02 February 2018
AN unnamed Indonesian investor has expressed interest in investing $30 million into textile concern, Merlin, as working capital over five years, NewsDay has established.According to the minutes of the...
By Staff reporter | Published: 02 February 2018
MBCA Bank, a unit of South Africa's Nedbank Group, has now started the process of changing its name, which was first announced three years ago. The bank will adopt its parent's name, Nedbank.The Nedba...
By Staff | Published: 01 February 2018
BARCLAYS Bank Plc will today cease to offer correspondent banking services for its former Zimbabwean unit, which it sold to Malawi's FMB Capital last year.FMB Capital acquired 43 percent shareho...
By Staff reporter | Published: 01 February 2018
GOVERNMENT has issued a directive for white farmers to be issued with 99-year leases instead of five-year leases subject to renewal upon meeting "certain conditions".In a letter addressed to acting pr...
By Staff reporter | Published: 01 February 2018
ZIMBABWE'S government will relinquish absolute control of its vast but under-utilised mining assets, which have chronically underperformed due to under-capitalisation and mismanagement.In a call...
By Staff reporter | Published: 01 February 2018
Zimbabwe is only left with about two commercial coffee farmers on 300 hectares, down from 145 who were farming over 7 600 hectares before 2004.Zimbabwe Coffee Mill director Johane Jori told the Easter...
By Staff reporter | Published: 01 February 2018
STANDARD Chartered Bank has riled its depositors after taking long to integrate its system with Ecocash, to enable them to transact with others who do not have formal bank accounts.Ecocash is Econet W...
By Staff reporter | Published: 01 February 2018
Bulawayo community radio aspires for licence 
South Africa is in serious trouble 
US halts visa services for Zimbabwean nationals 
ZSE pushes for another equities tax cut to boost selloffs 
AfDB projects 6% economic growth for Zimbabwe 
All set for Matebeleland South Agricultural show 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
