Rio Tinto (Rio) and Russia's DTZ Ozgeo are yet to agree on Zimbabwe's mandatory merger of diamond firms, with the two seeking clarity on the proposal.This comes as a week ago, Mines minister Walter Ch...
By Staff reporter | Published: 07 June 2015
Zimbabwe plans to cancel independent power producers (IPPs) licences -with a capacity to generate 5 000 megawatts (MW) - including Essar Africa (Essar)'s.Gloria Magombo, the Zimbabwe Energy Regulatory...
By Staff reporter | Published: 07 June 2015
National airline Air Zimbabwe (Airzim) is seeking new partners as part of its turnaround strategies.Its acting-chief executive Edmund Makona told Parliament on Monday that the national flag carrier - ...
By Staff reporter | Published: 07 June 2015
Telecel International (TI) executives are in Zimbabwe to discuss the fate of its local unit following government threats to shut down the mobile operator.This also comes as two of Empowerment Corporat...
By Staff reporter | Published: 07 June 2015
Banking group ABC Holdings Limited (ABCH) has secured a $50 million multi-currency loan from the African Development Bank (AfDB) for on-lending to small-to-medium enterprises (SMEs).The loan, with a s...
By Staff reporter | Published: 07 June 2015
Lafarge Cement Zimbabwe Limited (Lafarge)'s short-term borrowings ballooned by 380 percent to $4,8 million in the year to December 2014 from $1 million in prior comparable period as the company battle...
By Staff reporter | Published: 07 June 2015
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says banks must not attach defaulting debtors' properties, but restructure bad debts instead.This comes on the back of a wave of property auctions...
By Staff reporter | Published: 07 June 2015
Zimbabwe has been ranked among the most unattractive mining destinations, with the country lagging behind the Democratic Republic of Congo, Mozambique and South Africa, according to a latest survey by...
By Staff reporter | Published: 07 June 2015
The Infrastructure Development Bank of Zimbabwe (IDBZ) says it awaits finalisation of the Banking Act amendments before it can recapitalise in line with Reserve Bank of Zimbabwe requirements.This come...
By Staff reporter | Published: 07 June 2015
Cement manufacturer PPC Zimbabwe (PPC) - a subsidiary of South Africa-based PPC International - plans to more than double production from 600 000 tonnes to 1,4 million tonnes annually following ...
By Staff reporter | Published: 07 June 2015
The United Kingdom (UK) Department for International Development (DFID)'s $800 000 has been trapped in AfrAsia Zimbabwe Holdings Limited (AZHL)'s lending unit, Microking, following collapse of the fin...
By Staff reporter | Published: 07 June 2015
Zimbabwe's former Industry and International Trade minister Nkosana Moyo has been appointed to Impala Platinum Holdings (Implats) board.Implats is an 87 percent shareholder of Zimbabwe's largest plati...
By Staff reporter | Published: 07 June 2015
Listed diversified group Innscor Africa Limited (Innscor) is challenging the Competition and Tariff Commission (CTC)'s decision to fine it over $2, 5 million for unproceduraly increasing its stake in ...
By Staff reporter | Published: 07 June 2015
Reserve Bank of Zimbabwe (RBZ) has introduced new regulations for money transfer agencies and bureaux de change, with foreigners barred from having shareholding in the institutions.Morris Mpofu, the c...
By Staff reporter | Published: 07 June 2015
AfrAsia Bank Limited (ABL) says its Zimbabwean banking unit, AfrAsia Bank Zimbabwe Limited (ABZL), collapsed after negotiations with an international investor fell through at the last minute.The Mauri...
By Staff reporter | Published: 07 June 2015
Tobacco merchants have mobilised $824 million from offshore sources, in compliance with the central bank Tobacco Finance Order (TFO), Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said.He ...
By Staff reporter | Published: 07 June 2015
NMB Bank Limited (NMB) has acquired a 40,16 percent stake in Zimre Holdings Limited (ZHL) after taking up nearly 82 percent unsubscribed shares in the insurance group's $15 million rights issue.The ba...
By Staff reporter | Published: 07 June 2015
Meikles Limited (Meikles) has come out "guns blazing" against the Securities Exchange Commission of Zimbabwe (SEC) over transparency issues related to Mentor Limited (Mentor), with the group threateni...
By Staff reporter | Published: 07 June 2015
Mauritius-based Sino Properties (Proprietary) Limited (Sino Properties), is now the majority shareholder in Zimplow after snapping up a 59,4 percent stake in the agro-industrial concern.Sino Propertie...
By Staff reporter | Published: 07 June 2015
Zimbabwe Platinum Mines Limited (Zimplats) says the collapse of its Bimha Mine in August last year cost the company nearly $23 million.Alex Mhembere, Zimplats chief executive said the mine collapse re...
By Staff reporter | Published: 07 June 2015
Empowerment Corporation (Private) Limited (EC)'s shareholders have unanimously agreed to restore Brainworks Capital Management (BCM)'s bid for their 40 percent share in Telecel Zimbabwe (Private) Limi...
By Staff reporter | Published: 07 June 2015
The Zimbabwe Revenue Authority (Zimra) has threatened to "descend" heavily on all tax defaulters who ignore the granted amnesty to regularise their outstanding tax bills.Gershem Pasi, the Zimra commis...
By Staff reporter | Published: 07 June 2015
Meikles Limited (Meikles) executive chairman John Moxon claims there are elements with "negative agendas" behind the group's saga involving its nearly $90 million debt owed by Reserve Bank of Zi...
By Staff reporter | Published: 07 June 2015
Zimbabwe's largest platinum producer Zimplats profit after tax slumped by 88 percent to $3,9 million in the half year to December 2014 from $42 million recorded in prior comparable period due to depre...
By Staff reporter | Published: 07 June 2015
Zimbabwe's High Court has dismissed businesswoman Jane Mutasa's bid to block the sale of Empowerment Corporation (Private) Limited (EC)'s 40 percent stake in Telecel Zimbabwe (Private) Limited (Telece...
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
