NATIONAL Foods Holdings Ltd (Natfoods) has been negatively affected by the high price offered by the Grain Marketing Board (GMB) for maize, seeing its profit reduced to $13,7 million in the financial ...
ZIMBABWE'S tobacco export earnings have increased by 10.5 percent to $422.8 million compared to $382.6 million generated during the same period last year.The country exports flue-cured tobacco to diff...
HWANGE Colliery Company Limited (HCCL)'s liability has narrowed by 77.2 percent to $77.2 million from $311 million, the firm's financial results for the half year ended June 30, 2017 show.The decline ...
Government is shelling out US$5 million towards payment for gold delivered by small-scale miners, which is weighing down the availability for physical cash for ordinary citizens, a Cabinet minister ha...
fastjet Plc will begin flying from Mozambique this year and expects to start internal South African services in 2018 as it rekindles growth plans put on hold as losses mounted. With the operating loss...
BULAWAYO-BASED company Battlefront Investments has started building a US$150 000 state-of-the-art donkey meat abattoir that will have capacity to dress more than 70 animals daily.Zimbabwe’s first su...
ONE of the country’s leading textile companies, Archer Clothing Manufacturers has since the beginning of the year employed an additional 600 workers, buoyed by improved production and exports.Archer...
QUICK service restaurant operator, Simbisa Brands announced a strong set of financials with profit for the year ended June 30, 2017 rising 26 percent to $6,355 million driven by growth in the group's ...
Econet Media's Kwese TV has been granted permission by the High Court to continue broadcasting until the Supreme Court rules on the appeal filed by the Broadcasting Authority of Zimbabwe (BAZ).Kwese T...
General Beltings Holdings, facing a going concern problems, incurred loss after tax of $254 230 resulting in an accumulated loss of $3,787 million in the half year to June 2017.The conveyor belts manu...
Transport logistics group, Unifreight is targeting increased investment into vehicles to improve services as it seeks to maintain profitability achieved in the half year to June 2017.This is expected ...
STANBIC Bank has warned members of the public to guard against falling victim to debit card fraudsters.Acting head of personal and business Banking, Mr Patson Mahatchi said his bank has assumed respon...
COLCOM Holdings Limited, a division of Innscor Africa Limited consolidated its solvency by over 23 percent, the firm's financial statements for the year ended June 30, 2017 show.During the period unde...
LISTED Hotel group Rainbow Tourism Group (RTG), sees sustained profitability into the future on stability stemming from cost cutting initiatives over the past five years and a soon to be implemented b...
SEED Co Group, Africa's biggest seed producer, says the Government's 2017 Command Agriculture Programme boosted demand for winter cereals, which saw the group registering a 257 percent growth in overa...
Local bus manufacturing and assembling firm, Deven Engineering, has seen production severely hit as the company struggles to import critical materials owing to foreign currency challenges. The situati...
Zimbabwe has to relax its visa regime to attract Nigerian tourists and market the country as a destination for meetings, incentives, conferences and exhibitions (Mice), a tourism expert has said.Uloma...
The appointment of State owned Allied Timbers Zimbabwe chief executive Daniel Sithole has been thrown under the spotlight amid revelations he was thrust to the helm of Zimbabwe's largest timber proces...
ZIMBABWE'S national electronic funds switch, Zimswitch, this week froze after panic buying over the weekend overwhelmed the system, triggering chaos as shoppers failed to transact in an economy now pr...
ZIMBABWE could lose at least $340 million in potential revenue from ferrochrome exports this year due to a controversial domestic pricing regime, a paper prepared for President Robert Mugabe's office ...
Government - through its Zimbabwe Consolidated Diamond Company (ZCDC) - could relocate more people in Manicaland province to pave way for diamond mining, if it secures claims to the Tsvingwe area.Tsvi...
THE Premier Soccer League were yesterday caught in an embarrassing offside position once again when billboards of a rival broadcasting company were still being displayed at Luveve during a Castle Lage...
A BULAWAYO mining firm, Ubuntu Beth Mining (Pvt) Ltd has taken local engineering firm, ABJ Engineering, to court over a $20 000 debt following a cancelled gold stamp mill acquisition deal.In summons f...
THE High Court in Bulawayo has postponed Merlin's creditors and members' meeting to October 18. The creditors and members' meeting was supposed to be held at the High Court in Bulawayo yesterday.In an...
THE Zimbabwe Stock Exchange plans to introduce a mobile share trading platform before the end of the year to allow potential and existing investors easy access to stock markets.As part of efforts to m...