GOVERNMENT is facing a fiscal meltdown triggered by excessive borrowing that has crowded out private sector lending, while destabilising the banking sector at the same time, it has been established.Zi...
By Staff reporter | Published: 14 July 2017
Zimbabwean banks are seeing their profits skyrocket despite the tough operating environment, making more money from trading and mostly electronic transactions, financial research firm Equity Axis has ...
By Staff reporter | Published: 14 July 2017
British diplomats in Harare have privately expressed serious concerns over Zimbabwe's plans to mortgage gold reserves to guarantee a syndicated long-term loan arranged by the African Export and Import...
By Staff reporter | Published: 14 July 2017
The Bulawayo City Council (BCC) has entered into a partnership with a local bank to develop medium density residential stands in Mahatshula West in a bid to ease the city's housing backlog, currentl...
By Staff reporter | Published: 14 July 2017
Harare City Council is concerned with the low uptake of houses at the Budiriro CABS Housing Scheme and is now considering leasing the houses after only 800 out of 2 879 were occupied even after scrapp...
By Staff reporter | Published: 14 July 2017
TOURISM minister Walter Mzembi wants Treasury to allocate 1% - about $41 million - of the government's budget to his ministry to create a development fund and market the country.This comes as Mzembi l...
By Staff reporter | Published: 14 July 2017
THE National Building Society (NBS) is set to construct more than 14 600 low cost houses in Bulawayo and Harare, as part of its efforts to reduce the country's over 1,25 million housing backlog, an of...
By Staff reporter | Published: 14 July 2017
The company is completely de-capitalised. Every unit has a working capital deficit. This is clear from the financials. This, in my view, clearly shows he doesn't know how to run a business of this mag...
By Staff reporter | Published: 14 July 2017
PROTON Bakers has introduced a new product on the market as a way to satisfy customer needs and offer them value for their money.has introduced a new product on the market as a way to satisfy customer...
By Staff reporter | Published: 14 July 2017
ZIMBABWEAN banks face insolvency due to a growing portfolio of Treasury bills (T-bills) and electronic funds transfers unsupported by cash reserves, the International Monetary Fund (IMF) has warned.T-...
By Staff reporter | Published: 13 July 2017
NEW York Stock Exchange-listed Kemet Corporation has invested in a tantalite mine in Zimbabwe and signed an off-take agreement for the supply of four tonnes of the industrially useful metal per month...
By Staff reporter | Published: 13 July 2017
ZIMBABWE'S Steward Bank has suspended payments to the pay-TV subsidiary of South Africa's Naspers, citing unavailability of foreign currency, in a sign that dollar shortages are worsening in the south...
By Staff reporter | Published: 13 July 2017
THE Zimbabwe Stock Exchange (ZSE) listing committee has allowed Zimre Holdings Ltd's investment vehicle, Stalap Investments to make a mandatory offer to CFI Holdings Limited minority shareholders.This...
By Staff reporter | Published: 13 July 2017
PAN African telecommunications group, Liquid Telecom has secured a $700 million bond and term loan facility aimed at supporting the group's existing debt and growth strategy.The financing package was...
By Staff reporter | Published: 13 July 2017
TOURIST arrivals into Zimbabwe increased by six percent to 479 718 during the first quarter compared to the same period last year, statistics from the 2017 first quarter tourism performance report sho...
By Staff reporter | Published: 13 July 2017
Econet Wireless Zimbabwe, which controls 98 percent of the Long Term Evolution data customer market share, has announced a major data network upgrade that will see the mobile network market leader ach...
By Staff reporter | Published: 13 July 2017
Zimbabwe is starved of access to foreign finance and only has three international banks availing credit to the country due to isolation and sanctions that Western countries imposed, the central bank ...
By Staff reporter | Published: 13 July 2017
LOCAL cement producer, PPC Zimbabwe, has started lobbying the government to move away from asphalt roads and turn to concrete roads, saying the latter were more durable.Another cement manufacturer, La...
By Staff reporter | Published: 13 July 2017
DEPOSITORS Protection Corporation (DPC) chief executive officer, John Chikura, has said the worsening economic crisis facing the country was hindering the performance of most banks, but warned that mo...
By Staff reporter | Published: 13 July 2017
NMB Bank is now offering school fees loans to working parents, no matter what school their children are attending, enabling them to ensure that school fees are paid in full and on time.The loan is ava...
By Chengetai Chinembiri | Published: 12 July 2017
The Reserve Bank of Zimbabwe (RBZ) is planning to plug the parallel financial markets and ease the current cash crisis by re-establishing Bureaux de Changes, more than 15 years after they were closed....
By Staff reporter | Published: 12 July 2017
WORKERS at the moribund National Railways of Zimbabwe (NRZ) are working under dangerous conditions as the cash-strapped parastatal continues to struggle to acquire the necessary safety clothing and eq...
By Staff reporter | Published: 12 July 2017
ZIMBABWE's informal sector could be the sixth largest in the Sub-Saharan region, contributing between 40 percent and 50 percent to economic growth - an estimated $7 billion - especially for the four-y...
By Staff reporter | Published: 12 July 2017
THE National Railways of Zimbabwe (NRZ) has started the adjudication process to select the winning bidder from the six potential investors it has shortlisted under its $400 million recapitalisation in...
By Staff reporter | Published: 12 July 2017
Government owned telecommunications company, NetOne has accused its ousted CEO, Reward Kangai of attempting to frustrate the process of seeking his replacement through frivolous litigation.In papers f...
By Staff reporter | Published: 12 July 2017
Zimra imposes US$2m penalty on OK Zimbabwe 
South Africa ripe for a coup 
India dumps US Treasury bills 
Zimbabwe's dollar stock exchange surges 45% 
Gold edges up as traders await guidance 
fastjet introduces Bulawayo-Victoria Falls flights 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
