Zimbabwe's gold production went up by nearly 20 percent from 926,79 kg in January 2014 to 1 111,62 kg in January this year, statistics from the Africa Development Bank (AfDB) shows.In its monthly econ...
By Staff reporter | Published: 21 June 2015
Zimbabwe's tobacco sales have declined by 27 percent to $60 million since the opening of the 2015 selling season last month compared to $81 million recorded in the same period last year due to lower p...
By Staff reporter | Published: 21 June 2015
Tetrad Investment Bank's future hangs in the balance as creditors and depositors meet for the last time today in the capital to decide the troubled financial institution's fate.At the last meeting hel...
By Staff reporter | Published: 21 June 2015
China continues to dominate the country's tobacco exports after the Asian country snapped up 19,4 million kilogrammes (kg) worth $167,6 million out of $218 million earned by Zimbabwe so far.Statistics...
By Staff reporter | Published: 21 June 2015
Collapsed Allied Financial Holdings (AFH) former chief executive Terence Mukupe has turned to politics and is eyeing the Harare East parliamentary seat under the Zanu PF ticket.Mukupe is expected to l...
By Staff reporter | Published: 21 June 2015
Premier African Minerals (Premier) says it remains on course to start its first tungsten production in Zimbabwe by June this year.George Roach, Premier chief executive, said the mining firm has starte...
By Staff reporter | Published: 21 June 2015
Zimbabwe's manufacturing industry is bleeding to death after the sector contracted by a negative 4,9 percent in 2014, latest statistics from the central bank show.In its quarterly economic report rele...
By Staff reporter | Published: 21 June 2015
Asian tourist arrivals to Zimbabwe has declined by 19 percent to 42 798 in 2014 from 52 959 recorded in 2013 despite the country's aggressive Look East policy, latest tourism statistics show.Figures r...
By Staff reporter | Published: 21 June 2015
Hwange Colliery Company Limited (HCCL) is set to acquire new coal concessions in a move aimed at increasing the life-span of the group's mines and attract new investment.HCCL chairman Farai Mutamangir...
By Staff reporter | Published: 21 June 2015
Blanket Mine (Blanket) gold production declined to 41 771 ounces in 2014 from 45 527 ounces registered in 2013 due to lower head grade.Steve Curtis, chief executive of Caledonia Mining Corporation (Ca...
By Staff reporter | Published: 07 June 2015
Zimbabwe Stock Exchange-listed agro-industrial concern, Zimplow, is set to dispose more non-core assets in the coming year as the group seeks to restructure debts and focus on its primary business.Gro...
By Staff reporter | Published: 07 June 2015
African Sun Limited (ASL) chief executive Shingi Munyeza has resigned with immediate effect, as private equity firm Brainworks Capital Management (BCM) plans a total takeover of the listed hospitality...
By Staff reporter | Published: 07 June 2015
Standard Chartered Bank Zimbabwe Limited (Stanchart) is embarking on a restructuring exercise in line with its parent company's - Standard Chartered Plc - review of its global branch network.Samuel Ru...
By Staff reporter | Published: 07 June 2015
Construction firm Masimba Holdings Limited (Masimba) is seeking regulatory approval to unbundle its contracting and manufacturing businesses into two separately listed companies.Greg Sebborn, Masimba ...
By Staff reporter | Published: 07 June 2015
Zimbabwe Stock Exchange-listed NMB Zimbabwe Holdings (NMBZ) has registered a $1,6 million profit after tax in the full year to December 31, 2014, up from a loss of $3,3 million recorded in 2013.Tendai...
By Staff reporter | Published: 07 June 2015
National airline Air Zimbabwe (AirZim) has so far realised nearly $40 000 from commercialising its technical and engineering services.AirZim acting chief executive, Edmund Makona, said after investing...
By Staff reporter | Published: 07 June 2015
ZB Financial Holdings (ZB), one of the big banking institutions with a strong asset base in the country, is aiming a return to profitability this year through reduced overheads and product innovation....
By Staff reporter | Published: 07 June 2015
Impala Platinum (Implats)' Zimbabwean unit Zimplats has lost its High Court challenge of a $29,6 million additional profits tax (ATP) bill imposed by the country's revenue collector.Alex Mhembere, Zim...
By Staff reporter | Published: 07 June 2015
Royal Bank Zimbabwe Limited (Royal)'s directors could face prosecution after the defunct institution's creditors on Wednesday approved a plan to institute legal proceedings against the ex-board for ab...
By Staff reporter | Published: 07 June 2015
Jersey-listed Masawara Plc (Masawara) has fully-acquired TA Holdings Limited (TA) after minority shareholders yesterday accepted the investment company's $0,25 share buyout offer price, businessdaily ...
By Staff reporter | Published: 07 June 2015
Steward Bank has won a labour dispute against 11 of its workers, who were seeking a court order barring the financial institution from withholding their salaries and benefits pending retrenchment.Nisb...
By Staff reporter | Published: 07 June 2015
Zimbabwe's largest sugar producer Tongaat Hulett (Tongaat) says government must review the indigenisation policy and consider empowerment credits for business sustenance in favour of compulsory acquis...
By Staff reporter | Published: 07 June 2015
Shingai Mutasa's Masawara Plc (Masawara) has increased its offer to TA Holdings Limited (TA) minority shareholders by $0.05 to $0.25, as the investments group seeks to wholly takeover the latter.Recen...
By Staff reporter | Published: 07 June 2015
Zimbabwe's largest sugar producer Tongaat Hulett (Tongaat) says it is seeking $20 million from various financial institutions earmarked for the development of 4 000 hectares it was recently allocated ...
By Staff reporter | Published: 07 June 2015
Listed milk-processor Dairibord Holdings Limited (Dairibord) says it plans to invest $10 million in capital expenditure this year to boost operational efficiencies.Dairibord chief executive, Anthony M...
By Staff reporter | Published: 07 June 2015
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
