Eight international airlines have suspended selling their services from Zimbabwe after debts owed to them by local travel agents rose to over $20 million, fanned by biting foreign currency shortages, ...
By Staff reporter | Published: 11 August 2017
Zimbabwe Energy and Power Development Minister Samuel Undenge says a power price increase in the country is unavoidable as the current subsidized tariff is unsustainable. Zera turned down an electrici...
By Staff reporter | Published: 11 August 2017
Government has expressed concern over the private sector's reluctance to provide significant funding support to agriculture, which provides a number of key raw materials required by industry for manuf...
By Staff reporter | Published: 11 August 2017
The Postal and Telecommunications Regulatory Authority of Zimbabwe will build 250 base stations under a multi-operator radio network extension project with capacity for 2 million users. Potraz will en...
By Staff reporter | Published: 11 August 2017
The Zimbabwe Power Company (ZPC) says electricity generated in the second quarter of 2017 was 5 percent below target due to inadequate coal supplies for its thermal power stations and continued water ...
By Staff reporter | Published: 11 August 2017
First Mutual Holdings Limited (FMHL) is planning to merge Nicoz Diamond Insurance Limited (NDIL) and TristarInsurance Company Limited if its proposed acquisition of the former goes through. The implem...
By Staff reporter | Published: 11 August 2017
GOVERNMENT has licensed telecommunications guru, Strive Masiyiwa's Kwesé TV, a development which will bring competition to MultiChoice's Digital Satellite Television (DStv).NewsDay heard yesterday th...
By Staff reporter | Published: 11 August 2017
ZB Financial Holdings (ZBFH) is negotiating for $35 million lines of credit from regional banks, as it seeks to fund its various operations."The group has made inroads in mobilising lines of credit. A...
By Staff reporter | Published: 11 August 2017
GOLD deliveries by small-scale miners increased by 7.8 percent to 1 127.5 kilogrammes last month from 1 045.9kg in June, data from Fidelity Printers and Refiners show.The small-scale mining sector whi...
By Staff reporter | Published: 11 August 2017
Former Interfin Bank Limited managing director Raymond Njanike will be spearheading the establishment of the newly formed EmpowerBank following his appointment as board chairman of the institution.Gov...
By Staff reporter | Published: 11 August 2017
ZBFH reported a better than expected H1 17 performance highlighted by a 39.9% increase in attributable earnings to $7.9m, for eps of US 4.49cents. The performance was driven by increased transactional...
By Ngoni Shenjere | Published: 10 August 2017
Old Mutual Zimbabwe Limited published a robust set of numbers underpinned by a 175% growth in total revenue to $384.9m. Despite Gross Premium Written declining by 2% to $100.8m fees income from asset ...
By Staff reporter | Published: 10 August 2017
Dairibord Holdings Limited released a mixed set of numbers showing a 5.1% growth in revenue and an attributable loss of $0.8m. The overall operating performance improved from an operating loss of $2.1...
By Staff reporter | Published: 10 August 2017
Barclays posted a strong set of financials for H1 17, showing a 2.9x surge in attributable earnings to $9.5m, just shy of FY 16 earnings of $10.8m. NII income was supported by the bank's access to low...
By Staff reporter | Published: 10 August 2017
The local baking industry is dominated by three large bakeries which have impacted negatively on the viability of smaller institutions forcing 93 bakeries to close shop in the last two years.The Natio...
By Staff reporter | Published: 10 August 2017
The government is set to invest $15 million in the upgrade of the Feruka pipeline to enable pumping of 16 million litres daily, which puts to rest the need for a second channel to transmit fuel into t...
By Staff reporter | Published: 10 August 2017
FINANCIAL services group, ZB Financial Holdings, has resumed international business after it was removed from the United States of America sanctions list last year, group chief executive officer, Ron ...
By Staff reporter | Published: 10 August 2017
THE Insurance and Pensions Commission (IPEC) is in discussions with government, which could see the regulator extending its oversight to medical aid societies, currently being governed by the Ministry...
By Staff reporter | Published: 10 August 2017
ZIMBABWE'S largest financial services group by assets, CBZ Holdings (CBZ), has said it is negotiating with regional lenders for external loans at concessionary rates.The group's chief executive office...
By Staff reporter | Published: 10 August 2017
GOVERNMENT has awarded the tender for the $400 million recapitalisation of the National Railways of Zimbabwe (NRZ) to South Africa's Transnet, which is partnering a consortium of non-resident Zimbabwe...
By Staff reporter | Published: 10 August 2017
INFORMATION Communication Technology Minister Supa Mandiwanzira has expressed disquiet over Econet Wireless' dominance of the country's mobile money payments system saying this exposed the country to ...
By Staff reporter | Published: 10 August 2017
MINISTER of Information, Communication and Technology and Courier Services, Supa Mandiwanzira, says Zimbabweans have lost trust in banks because of bank failures and cash shortages in the economy.Spea...
By Staff reporter | Published: 10 August 2017
Government has extended Shangani Energy Exploration and Zambezi methane gas exploitation. The special grant for Shangani Energy was extended by three years to 2020, while that of Zambezi Gas was exte...
By Staff reporter | Published: 10 August 2017
African Sun reported an improved operating performance showing a profit before tax of $24,886 compared to a loss of $1.2m for the comparable period. The performance was on the back of increased occupa...
By Ngoni Shenjere | Published: 10 August 2017
THE country's largest platinum miner, Zimplats says the redevelopment of its Bimha Mine remains on schedule and expects to be back to full production by April 2018. The platinum producer has announced...
By Staff reporter | Published: 10 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
