The pensions industry recorded total income of $112 million in the first quarter ended March this year attributable to contributions, rental and investment income, the sector regulator has said.The In...
Government is considering approaching the private sector to assist with storage facilities for wheat as the country's silos will filled with grain harvested during the 2016/17 summer cropping season, ...
AfriSam Group is confident its proposed merger with PPC Ltd has potential to create significant benefits for all shareholders and stakeholders."AfriSam and PPC have a proud collective business history...
LISTED clothing retailer, Edgars Stores Limited has maintained a sound financial position allowing the company to meet its short-term financial obligations driven by reduction in net borrowings and en...
GWERU-based poultry producer, Fairhill Chickens' production has plummeted by more than 25 percent owing to the highly pathogenic H5N8 avian influenza virus commonly known as bird flu, which broke out ...
THE Government will this summer cropping season avail a $20 million loan facility to support small-scale tobacco farmers.Agriculture, Mechanisation and Irrigation Development Minister, Dr Joseph Made ...
Sugar producer, Triangle Limited, has applied to the Zimbabwe Energy Regulatory Authority (Zera) for an independent electricity distribution licence covering its operations.In a recent notice, Zera sa...
LOCAL cement producer, PPC Zimbabwe, has invested over $120 million in different projects in Zimbabwe since 2009 and is looking forward to do more, managing director, Kelibone Masiyane has said.Masiya...
ZB FINANCIAL Holdings (ZB) has lauded the United States' decision to remove the institution from the sanctions list, saying the move re-opened avenues to work with other financial institutions across ...
Multi-national food and drink company, Nestle Zimbabwe, has embarked on a retrenchment exercise, as part of the company's "business optimisation activities".The exercise, which was voluntary, saw more...
Listed clothing retailer Edgars Stores Limited's profit for the half year to July 2017 jumped 400 percent to $567 499 from $109 119 during the same period last year on increased sales and tighter debt...
Farmers have sold $558,8 million worth of tobacco since the start of the 2017 tobacco marketing season, a 6,7 decline compared to the same period last year.Latest statistics from the industry regulato...
THE People's Own Savings Bank (POSB) has survived the hard economic conditions in the country and its depositors have risen to 600 000 in the last three years.This was revealed by the bank's public re...
BULAWAYO-BASED manufacturing concern Rubber Products Manufacturers is back on line and has resumed exports after having shut down in 2013 due to a huge debt, shortage of working capital, among other c...
Industrial firm Masimba has been given a $15 million contract by IDBZ to build over 1 500 houses in Kariba. At completion the project will facilitate relocation of 391 house-holds who are presently at...
National Railways of Zimbabwe (NRZ) investors are fretting over endless delays in consummating the deal, especially after being announced as the preferred partner last month, it has been learnt. A con...
ZIMBABWEAN telecoms tycoon Strive Masiyiwa's new pay television service, Kwese TV, has kick-started services in South Africa through a partnership with Netflix, it said on Friday as it seeks to claw u...
CFI Holdings' divisions, Agrifoods and Victoria Foods, may soon resume production after judicial manager Mr Reggie Saruchera secured $10 million from a local bank for plant rehabilitation and working ...
ZIMBABWE'S gold production has risen by about 10 percent in the first eight months of the year to 14.6 tonnes from 13.4 tonnes in the comparable period in 2016, official figures show.The country's exp...
The Government has directed the Grain Marketing Board (GMB) to immediately activate satellite collection points to mop up the remaining grain as the Strategic Grain Reserve has hit a million tonnes.Th...
Government has directed the Grain Marketing Board (GMB) to immediately activate satellite collection points to mop up the remaining grain as the Strategic Grain Reserve has hit a million tonnes.GMB ha...
The Zimbabwe Fertiliser Manufacturers Association says Government should ban finished fertilizer imports as manufacturers can produce enough to meet demand if fully supported.ZFMA president Mr Tapuwa ...
Zimbabwe's RHA Tungsten Project, under development, near Bulawayo has received has had its underground mineral resource estimates upgraded.The RHA Tungsten mine is 49 percent owned by junior resources...
Platinum mining giant, Zimplats' $134 million SMC Base Metal Refinery (BMR) refurbishments project remains a priority for the group but continued cash flow constrains arising from depressed metal pric...
INDUSTRIAL Development Corporation's glass manufacturing firm, Zimglass has started aggressively looking for an investor who can inject $7 million towards the revival of the plant after earlier indica...