ZIMBABWE'S cash-strapped government has spent nearly $1 billion on procuring Boeing 777-200ER planes from Malaysia Airlines, as it sets up a new airline to be run by President Robert Mugabe's son-in-l...
By Staff reporter | Published: 05 July 2017
Caledonia Mining Corporation is on course to achieving its 2017 gold production target of 52 000 ounces to 57 000 ounces at its 49 percent-owned Blanket Mine in Zimbabwe.This is after the Toronto Stoc...
By Staff reporter | Published: 05 July 2017
THE prevailing cash shortages have given rise to massive side-marketing of cotton contracted by the Government with private buyers paying spot cash to entice farmers.While the Government is entitled t...
By Staff reporter | Published: 05 July 2017
The State Procurement Board (SPB) yesterday unveiled six investors interested in the recapitalisation of the state-owned, National Railways of Zimbabwe (NRZ).NRZ infrastructure, which includes the rai...
By Staff reporter | Published: 05 July 2017
ASA RESOURCES Group' subsidiary, Bindura Nickel Corporation's (BNC) smelter restart project is 83% complete after $21,5 million was spent on the project which is set for completion this financial year...
By Staff reporter | Published: 05 July 2017
FINANCIAL institutions will be held responsible for any fraudulent or unauthorised transactions carried out without the knowledge of a credit or debit card holder.The Reserve Bank of Zimbabwe (RBZ) la...
By Staff reporter | Published: 05 July 2017
THE cooking oil industry is operating at between 50 and 60% of capacity following import restrictions imposed by government in the past three years, an industry official has said.Oil Expressers Associ...
By Staff reporter | Published: 05 July 2017
Listed hospitality concern African Sun Limited (ASL) said its revenues in the five months to May went up by 15 percent compared to last year due to an increase in occupancy to 43 percent from 36 perce...
By Staff reporter | Published: 04 July 2017
Zimbabwe Stock Exchange-listed seed producer, SeedCo, is seeking alternative listing on a regional stock exchange to raise capital for its expansion projects.This comes as the country is experiencing ...
By Staff reporter | Published: 04 July 2017
The Insurance and Pensions Commission (Ipec) is threatening to de-register insurance companies and brokers that are failing to meet client claims on time in the wake of a worsening economic situation,...
By Staff reporter | Published: 04 July 2017
The pay-as-you-go pension scheme, the National Social Security Authority (Nssa), received $7 million from government in the second quarter of the year for facilitating the acquisition of Telecel Zimba...
By Staff reporter | Published: 04 July 2017
Zimbabwe Stock Exchange-listed diversified concern, Zimre, is planning to list its subsidiary Emeritus International Reinsurance Company (Emeritus) in Botswana.The group's chief executive, Stan Kudeng...
By Staff reporter | Published: 04 July 2017
The World Bank has forecasted that Zimbabwe will miss its ambitious 28-tonne gold production for this year, putting a dent on the country's economic revival prospects.This comes as Zimbabwe, which pro...
By Staff reporter | Published: 04 July 2017
Mines minister Walter Chidakwa has threatened to cancel mining licences of two coal miners, Monaf Investment (Monaf) and Appex Petroleum (Appex), due to non-performance.Chidakwa said government was no...
By Staff reporter | Published: 04 July 2017
In this week's instalment of Women on Top - a new column that celebrates women in top positions - Daily News deputy business editor Ndakaziva Majaka caught up with State fixed phone operator TelOne's ...
By Staff reporter | Published: 04 July 2017
Government is likely to regain its 23,5 percent stake in ZB Financial Holdings (ZBFH) after businessman Nicholas Vingirai threatened to pull out of the banking group due to shareholder disagreements.M...
By Staff reporter | Published: 04 July 2017
Zimbabwe's government-owned mobile firm NetOne has said it paid its former chief executive officer Reward Kangai $247 000 following the termination of his employment contract.Kangai was sent on forced...
By Staff reporter | Published: 04 July 2017
Zimre Property Investments (ZPI) has embarked on another cost-cutting drive aimed at keeping the company afloat in an increasingly challenging economic environment.The realtor's managing director, Eds...
By Staff reporter | Published: 04 July 2017
London Stock Exchange-listed mining exploration and production company, Premier African Minerals Limited (Premier), anticipates beginning commercial mining at its Zulu Lithium and Tantalum mine follow...
By Staff reporter | Published: 04 July 2017
Local fertiliser manufacturer Zimphos' Msasa sulphuric acid plant is now 25 percent complete amid indications it will come online by first quarter 2018, a junior minister said.Deputy Industry minister...
By Staff reporter | Published: 04 July 2017
The Agricultural Bank of Zimbabwe (Agribank) has unveiled $70 million earmarked to stimulate export trade and horticulture production.Agribank public relations manager Olam Marufu told the businessdai...
By Staff reporter | Published: 04 July 2017
The fate of Barclays Bank Zimbabwe (BBZ) managing director George Guvamatanga (pictured) is hanging in the balance after his company was recently taken over by Malawi First Merchant Bank (FMB).T...
By Staff reporter | Published: 04 July 2017
BANKS must stop charging interest on loans once the interest payable equals the amount borrowed while interest charges should be on reducing balance basis, the Reserve Bank of Zimbabwe said in a frame...
By Staff reporter | Published: 04 July 2017
SOUTH Africa's privately owned Airlink landed at the Victoria Falls International Airport on Sunday to become the third new airliner to fly direct to the prime resort town this year since the commissi...
By Staff reporter | Published: 04 July 2017
KUSILE Rural District Council (KRDC) in Matabeleland North has courted a Chinese firm, Fazhao Investment to harvest and process timber in the area.KRDC chief executive officer, Mr Christopher Chuma, s...
By Staff reporter | Published: 04 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
