Arise, an investment company formed by a partnership between Norfund, a Norwegian investment fund, FMO, a Dutch development fund and Rabobank, a Dutch commercial bank, is now NMBZ's second largest sh...
By Staff reporter | Published: 28 August 2017
Zimre Property Investment (ZPI) is planning to invest over $20 million in construction projects across the country, the company has announced.Company chairperson Jean Maguranyanga yesterday said ZPI ...
By Staff reporter | Published: 28 August 2017
FBC Holdings Limited has registered a 3% uptick in profit after tax to $9,6 million for the first half of the year on the back of managing costs despite the group's revenue for the period being down....
By Staff reporter | Published: 28 August 2017
Just a day after launch, Techzim can confirm that Econet has suspended selling Kwese TV in Zimbabwe. The suspension follows a statement issued by the Broadcasting Authority of Zimbabwe last night whic...
By Staff reporter | Published: 24 August 2017
A proposal by Barclays Plc to cede 15 percent of its shares in Barclays Bank of Zimbabwe into an employee trust has split the workers, with low-level managers demanding revision of terms.Over 500 wor...
By Staff reporter | Published: 24 August 2017
NATIONAL electronic funds switch, ZimSwitch, recorded a 1 600 percent surge in digital transaction volumes during the first half of the year, from an average of 900 000 per month to over 16 million t...
By Staff reporter | Published: 24 August 2017
THE Old Mutual Plc share price has jumped by over 30 percent in the past few months on the Zimbabwe Stock Exchange (ZSE) market, widening the gap with the stock's Johannesburg and London prices and su...
By Staff reporter | Published: 24 August 2017
THE Agriculture Bank of Zimbabwe (Agribank) has reduced its staff cost to total income ratio by 25 percentage points in the past two years owing to aggressive cost containment.Minister of Finance and ...
By Staff reporter | Published: 24 August 2017
FAST-MOVING consumer goods manufacturer, Olivine Industries, has shut down its Willowvale and Birmingham production plants due to operational inefficiencies which have resulted in high production cost...
By Staff reporter | Published: 24 August 2017
ZIMBABWE Stock Exchange-listed financial services provider, ZB Financial Holdings Limited (ZBFHL), has abandoned plans to set up a unit in neighbouring Mozambique due to foreign currency shortages.Ron...
By Staff reporter | Published: 24 August 2017
CBZ Bank has provided $6 million to smallholder farmers through two facilities over the past two years.The bank gave out 9 554 loans valued at $5,2 million to farmers across the country under the Live...
By Staff reporter | Published: 24 August 2017
BRITISH investor, Nicholas van Hoogstraten, said his investment vehicle, Messina Investments (Messina), has been buying from CFI Holdings (CFI) minorities rival since bidder Stalap Investments' offer ...
By Staff reporter | Published: 24 August 2017
BARCLAYS Plc is proceeding with the sale of Barclays Bank of Zimbabwe to Malawi-listed lender, FMB Capital, after receiving unofficial authorisation from the central bank to close the transaction, acc...
By Staff reporter | Published: 24 August 2017
Listed financial services provider NMB Holdings has received approval from the Reserve Bank of Zimbabwe for its banking subsidiary to introduce agency banking.Chief executive Mr Ben Washaya told anal...
By Staff reporter | Published: 24 August 2017
Listed wines and spirits maker African Distillers Ltd (AFDIS) doubled its after-tax-profit to $2, 7 million in the six months to June 30, 2017 from $1, 1 million recorded in the same period last year....
By Staff reporter | Published: 24 August 2017
Mobile operator Telecel Zimbabwe has announced that it has begun the upgrade of the network in readiness for the launch of LTE services by September and to improve quality of service.The mobile compan...
By Agencies | Published: 24 August 2017
Dairibord has completed 70 percent of the work around configuring its business model to a much learner structure, financial director Mercy Ndoro has said.Responding to emailed questions, Ms Ndoro sai...
By Staff reporter | Published: 24 August 2017
THE People's Own Savings Bank (POSB) has disbursed $1,5 million in mortgage financing since certification early this year, as the bank announces its arrival in a competitive industry.The mortgage sect...
By Staff reporter | Published: 24 August 2017
AGRICULTURE, Mechanisation and Irrigation Development Minister Joseph Made has threatened to bring all cotton marketing activities under Government control to prevent smuggling and side marketing by p...
By Staff reporter | Published: 24 August 2017
KWESE TV has partnered local player, Dr Dish in a content distribution deal that will see the Econet media owned company beam in the country. However, there is confusion as the Broadcasting Authority ...
By Staff reporter | Published: 24 August 2017
STANBIC Bank Zimbabwe says it has invested $88.8 million to fund the capital needs of various players in the country's mining sector in 2016 as part of its efforts to contribute to national developmen...
By Staff reporter | Published: 24 August 2017
FIDELITY Printers and Refiners is paying out $15 million to the estimated 300 000 artisanal gold miners on a weekly basis, Finance and Economic Development Minister Patrick Chinamasa said.Speaking at ...
By Staff reporter | Published: 24 August 2017
Tobacco exports are expected to reach nearly $1 billion during the 2017 season, the tobacco industry has said.Premier Tobacco Auction Floor managing director Mr Philemon Mangena said this yesterday at...
By Staff reporter | Published: 24 August 2017
The People's Own Savings Bank (POSB) has launched a mortgage finance division as it spreads its products to increase revenue streams and consolidate its market.The new division seeks to finance housin...
By Staff reporter | Published: 23 August 2017
Impala Platinum, the parent company of Zimbabwe's largest platinum producer Zimplats, says its headline loss per share for the year ended June 30, 2017 is expected at between 125 and 150 cents per sha...
By Staff reporter | Published: 23 August 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
