State owned diamond mining entity, Zimbabwe Consolidated Diamond (ZCDC), will next year invest $21 million in the establishment of a Geology Strategic Business Unit (SBU) that will explore known congl...
By Staff reporter | Published: 11 December 2017
Non-performing loans (NPLs) dropped to 8,63 percent this year from 20,5 percent in 2015, raising expectation the financial services sector is becoming more stable. Although the NPLs have declined to s...
By Staff reporter | Published: 11 December 2017
The Government is set to procure 400 wagons and 14 locomotives for the National Railways of Zimbabwe (NRZ) under the $400 million recapitalisation deal, a Cabinet Minister has said.Addressing sugarcan...
By Staff reporter | Published: 11 December 2017
GOVERNMENT is set to acquire 15 aeroplanes as part of efforts to resuscitate the ailing Air Zimbabwe, Transport and Infrastructure Development Minister Dr Jorum Gumbo has said.In an interview recently...
By Staff reporter | Published: 11 December 2017
THE sourcing of foreign currency from the parallel market is not sustainable for industry operations and Government needs to capacitate the Reserve Bank of Zimbabwe (RBZ) to meet funding requirements ...
By Staff reporter | Published: 11 December 2017
KWEKWE based chrome smelting company, Zimbabwe Mining and Smelting Company (Zimasco), has agreed on a scheme of arrangement with its creditors and is set to be removed from judicial management next mo...
By Staff reporter | Published: 11 December 2017
CEMENT manufacturer, PPC Zimbabwe, has filed an urgent High Court chamber application seeking an interdict order to stop the Zimbabwe Revenue Authority (Zimra) from garnishing its bank accounts over a...
By Staff reporter | Published: 11 December 2017
ZIMBABWE's telecommunications companies registered a 19 percent growth in cumulative revenue to $292,7 million in the third quarter to September 2017, compared to $244,5 million recorded in the previo...
By Staff reporter | Published: 11 December 2017
A telecom industry report this week revealed that Econet Wireless Zimbabwe had the highest Average Revenue Per User (ARPU) of $8,57 between July and September this year, ahead of its main industry ri...
By Staff reporter | Published: 10 December 2017
The Reserve Bank of Zimbabwe (RBZ) has mobilised a $28,5 million input facility for small-scale tobacco farmers as it gears towards boosting the country's golden leaf production.The facility administ...
By Staff reporter | Published: 10 December 2017
CLOTHING manufacturers have urged Government to institute an all-inclusive rebate scheme for the sector.Zimbabwe Clothing Manufacturers Association (ZCMA) chairman Mr Jeremy Youmans said although the ...
By Staff reporter | Published: 10 December 2017
ONE of the country's leading life assurance and short-term insurance player, Zimnat through its joint venture (JV) with Botswana's leading funeral services provider, FSG Limited has invested over $5 ...
By Staff reporter | Published: 10 December 2017
LOCAL cooking oil producers are being forced to manufacture about 60 percent of the country's requirement due to the shortage of foreign currency to import adequate soya beans.Oil Expressers Associat...
By Staff reporter | Published: 10 December 2017
Newly appointed Mines and Mining Development Minister Mr Wiston Chitando has shared his vision for the extractive industry, which he said will be driven by increased capacity utilisation, ability to ...
By Staff reporter | Published: 10 December 2017
Government plans to mobilise $649 million to support the implementation of several power projects lined up for next year, in a bid to ensure steady and affordable power supply.A number of projects i...
By Staff reporter | Published: 10 December 2017
1§Fixed telecommunications services operator, TelOne, has unveiled new home broadband packages which are technology neutral and offer flexible packages from as low as $1 in response to the fee...
By Staff reporter | Published: 10 December 2017
Listed mining concern, Bindura Nickel Corporation (BNC), has posted a $2,23 million profit after tax in the half year to September representing a 46,8 percent increase from $1,18 million reported in ...
By Staff reporter | Published: 10 December 2017
Property firm Mashonaland Holdings (Mash Holdings) says its revenues went down by 14 percent to $4,7 million in the full year to September 2017 due to company closures resulting in increased voids. Th...
By Staff reporter | Published: 10 December 2017
CFI Holdings Limited issued the following Market Update:"An Extra Ordinary General meeting was set to take place on the 6th of December 2017 in the Mirabelle Room, Meikles Hotel in terms of a duly cir...
By cfi | Published: 08 December 2017
Leading mobile network operator (MNO) Econet Wireless Zimbabwe has extended its mobile market leadership by growing its revenue market share to 82 percent, and increasing its customer market share to ...
By Staff reporter | Published: 08 December 2017
Two former non-executive directors of CFI Holdings have said they reserve the right to sue for defamatory allegations, following their exit from the group on Tuesday. Ephraim Chawoneka and Douglas Mam...
By Staff reporter | Published: 08 December 2017
NetOne has put in place a programme of investment to improve network connectivity, as the country's second largest mobile operator intensifies the push to enhance customer service experience.NetOne ac...
By Staff reporter | Published: 08 December 2017
Austrian construction giant, Geiger International, the contractor engaged by Government for the Harare-Beitbridge Highway, has completed surveying the road, paving way for the commencement of the mult...
By Staff reporter | Published: 08 December 2017
FAST moving consumer goods manufacturer Olivine Industries will invest $5 million in the final phase of the margarine processing technology and soap plant upgrade.This development is expected to impro...
By Staff reporter | Published: 08 December 2017
Majority of oil producers have complied with Government's mandatory fortification programme to enrich oil with vitamins that are vital to the people's health, Oil Expressers Association of Zimbabwe (O...
By Staff reporter | Published: 08 December 2017
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
