FINANCE deputy minister Terrence Mukupe has said banks have the right to refuse opening accounts for new clients as they are private enterprises.Responding to MDC-T legislator Bacilli Majaya in the Na...
By Staff reporter | Published: 12 January 2018
THE Tobacco Industry and Marketing Board (TIMB) says opening of the 2018 selling season is likely to delay due to the late onset of the rains as most of the crop is still in the fields.Under normal ci...
By Staff reporter | Published: 12 January 2018
Zimbabwe is planning to resume auction of diamonds next month, having suspended sales in February last year following the merger in 2016 of companies previously operating in the Chiadzwa area of Maran...
By New Ziana | Published: 12 January 2018
THE ZB Financial Holdings (ZBFH) group is headed for a split amid indications that one of its major shareholder, Nicholas Vingirai wants out.Vingirai, who through his Transnational Holdings Limited (T...
By Staff reporter | Published: 12 January 2018
THE Ministry of Transport and Infrastructural Development plans to buy three Embraer ERJ145 aircraft for Air Zimbabwe at a cost of US$6 million and lease two other similar aircraft which will ply rout...
By Staff reporter | Published: 12 January 2018
Government has committed itself to take up TelOne's legacy debt under a debt warehousing initiative as the money owed continues to weigh on the company's operations.Cabinet in July approved the assump...
By Staff reporter | Published: 12 January 2018
Regional seed producer, Seed Co is awaiting exchange control approval to proceed with plans to list the group's external business, aimed at raising funding to finance growth, chief executive Morgan Nz...
By Staff reporter | Published: 12 January 2018
Roofing and piping products manufacturer, Turnall Holdings, has approached the RBZ seeking a $10 million bailout package it requires to retire toxic debt. Turnall is saddled by a $15 million debt, whi...
By Staff reporter | Published: 12 January 2018
More than US$60 million will be invested in the establishment of at least 300 base stations across the country this year by mobile network operators as infrastructure sharing gathers momentum, a top g...
By Staff reporter | Published: 11 January 2018
NetOne's ex-managing director Mr Reward Kangai was yesterday arrested by the Zimbabwe Anti-Corruption Commission (ZACC) on allegations of abuse of power during his tenure at the country's second-bigge...
By Staff reporter | Published: 11 January 2018
BULAWAYO-BASED textile concern, Merlin has embarked on a gradual re-employment of ex-workers having so far engaged 60 employees from the maintenance department as it re-opens.The manufacturing firm, w...
By Staff reporter | Published: 11 January 2018
TOBACCO growers' registration for the 2017/18 cropping season has increased by 40 percent to 113 530 from 81 172 during the comparable period last year.Latest statistics from the Tobacco Industry and ...
By Staff reporter | Published: 10 January 2018
THE Zimbabwe Stock Exchange (ZSE)-listed quick service restaurant business, Simbisa Brands is seeking regulatory approval for a secondary listing on the Alternative Investments Market in London as par...
By Staff reporter | Published: 10 January 2018
ZIMBABWE'S largest platinum miner, Zimplats says it is investing $264 million in the development of a new mine to replace Rukodzi and Ngwarati mines that are facing depletion in the next four an...
By Staff reporter | Published: 10 January 2018
Shabanie Mashaba Mine Holdings has started renewing contracts for its employees, amid revelations that the new Government is eager to see the asbestos giant back in operation.Shabanie Mine, which used...
By Staff reporter | Published: 10 January 2018
Women and Youth Affairs Minister Sithembiso Nyoni says the much awaited Women's Bank is set to open next month and the Reserve Bank of Zimbabwe is in the process of inspecting its structures and other...
By Staff reporter | Published: 10 January 2018
Work on the 600 megawatt extension of Hwange Power Station will start soon, after China reaffirmed its commitment to facilitate the $1,5 billion upgrade, among several other potential areas of trade a...
By Staff reporter | Published: 10 January 2018
Africa-focused investment firm, Masawara Plc, has registered a $3,6 million profit in the half year to June 2017 up from $2,3 million in the same period in 2016. The group's insurance unit registered ...
By Staff reporter | Published: 10 January 2018
Econet Wireless Zimbabwe (Econet) is set to become one of the first companies in Zimbabwe to set up a photovoltaic power plant at its premises in Willowvale for own consumption. The Zimbabwe Energy Re...
By Staff reporter | Published: 09 January 2018
THE National Railways of Zimbabwe (NRZ) has entered into a $375 000 partnership with the Beitbridge-Bulawayo Railways (BBR) to refurbish 25 wagons in a move that is meant to boost NRZ's capacity to mo...
By Staff reporter | Published: 09 January 2018
The Zimbabwe Mining Development Corporation will soon start mining its lithium deposits in Bikita, on the back of firming demand for the mineral on the global markets.This comes as Zimbabwe is experie...
By Staff reporter | Published: 09 January 2018
GWERU-BASED poultry producer Fairhill Chickens will this year increase its slaughtering capacity by 150 percent to 30 000 birds daily driven by a new abattoir set to be commissioned in the first quart...
By Staff reporter | Published: 09 January 2018
AIM-listed Premier African Minerals says it is in discussions with the National Indigenisation and Economic Empowerment Board (NIEEB) to agree on alternative financing options for the cash-strapped RH...
By Staff reporter | Published: 09 January 2018
Agribank, the country's premier agriculture finance institution, has mobilised over US$100 million to fund the 2017-18 summer cropping season, which in some cases can be obtained without collateral. T...
By Staff reporter | Published: 08 January 2018
THE area put under tobacco in the 2017/18 cropping season has declined by 2.5 percent to 79 335 hectares on last year's figures.Latest statistics from the Tobacco Industry and Marketing Board (TIMB) s...
By Staff reporter | Published: 08 January 2018
Ian Khama joins Zimbabwe CIO linked group 
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 
Ken Sharpe blasts incompetent Harare council 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
