Nissan Zimbabwe lost its local Nissan franchise on June 30th, 2014 as Nissan Motor Corporation decided not to renew the distribution agreement following the acquisition of the local dealership by a co...
By Clara Mawere and Nhlanhla Dube | Published: 29 July 2014
The National Railways of Zimbabwe (NRZ) has agreed to borrow $460 million from the Development Bank of Southern Africa to develop its unprofitable network that relies mainly on rolling stock acquired ...
By Reuters | Published: 24 July 2014
Stock Feed Manufacturer Association (SFA) has advised its members to stock up on maize as the local crop is running out and imports are yet to be approved.In a recent meeting of members, the associati...
By Staff reporter | Published: 24 July 2014
Zimbabwe-focused multi-commodity resource development company, African Consolidated Resources (ACR) has said it has reached an agreement with Falcon Gold to extend the date for the payment of the outs...
By Staff reporter | Published: 24 July 2014
GOVERNMENT will soon ensure that Fidelity Printers and Refiners charges competitive prices on all gold delivered to the buyer to curb smuggling of the mineral, a Cabinet Minister has said.In the 2014 ...
By Staff reporter | Published: 24 July 2014
THE banking sector has no capacity to meet financial requirements for the mining industry due to the liquidity crunch facing the economy, the Bankers Association of Zimbabwe president, Sam Malaba, sai...
By Oliver Kazunga | Published: 24 July 2014
The Minister of Transport and Infrastructural Development Obert Mpofu has appointed a substantive board for Air Zimbabwe.The eight member board is chaired by Abdulman Harid who is a former Commissione...
By Staff reporter | Published: 24 July 2014
GOVERNMENT is negotiating a $25 million loan agreement with the Eximbank of India to buy 500 buses to revive the Zimbabwe United Passenger Company's operations. Local Government, Public Works and Nati...
By Staff reporter | Published: 24 July 2014
CABINET has approved the restructuring of the Mines and Mining Development Ministry which will see four mining districts replaced by eight mining provinces, an official said. Mining commissioners, who...
By Martin Kadzere and Oliver Kazunga | Published: 24 July 2014
CABS is running unsecured payroll lending at $127 million and corporate sector loans amounting to just under $100 million including to the Distressed and Marginalised Areas Fund. Unveiling CABS new co...
By Conrad Mwanawashe | Published: 24 July 2014
MINES and Mining Development Minister Walter Chidhakwa yesterday said the extraction of coal-bed methane gas in Lupane has begun, describing the development as "historic".Addressing delegates to the o...
By Oliver Kazunga | Published: 24 July 2014
SABLE Chemicals, Zimbabwe's sole producer of ammonium nitrate fertiliser, has taken coal samples from Sengwa in Gokwe to China to test the feasibility of processing the mineral for hydrogen.Gasified c...
By Golden Sibanda | Published: 24 July 2014
AfrAsia Bank has announced the closure of its Victoria Falls branch as part of the group's efforts to streamline operations.The branch will cease operations on July 31 and all accounts will be transfe...
By Leonard Ncube | Published: 24 July 2014
South African packaging company Nampak is seeking to consolidate its Zimbabwe businesses for them to be run under one entity. Nampak wholly owns CarnaudMetal Box (CMB), and has two associates Hunyani ...
By Staff reporter | Published: 24 July 2014
NATIONAL Social Security Authority's 140-room Beitbridge Hotel which is being leased by Rainbow Tourism Group will be officially opened on September 18 this year following completion of all formalitie...
By Staff reporter | Published: 24 July 2014
Struggling banks should consider merging or downgrading to micro-finance institutions which have less capital requirements and operating costs instead of posing a threat to the entire financial servic...
By Conrad Mwanawashe | Published: 24 July 2014
Banking giant Cabs says it will seek to raise at least $70 million dollars in lines of credit by the end of the year from its mortgage securitisation deal.Speaking at the launch of the bank's new look...
By Staff reporter | Published: 23 July 2014
Liquid Telecom, a leading data, voice and IP provider in Africa, is increasing VSAT (Very Small Aperture Terminal) capacity across the continent as demand continues to go up.In a statement, the compan...
By Staff reporter | Published: 23 July 2014
Listed beverages concern, Delta Corporation, is reportedly pressing ahead to close 15 customer collection depots (CCDs) as part of strategies to contain costs and rationalise operations.Sources said t...
By Staff reporter | Published: 23 July 2014
KWEKWE–based dairy processor, Dendairy, is set to commission two new packaging machines for aseptic production of dairy products.Aseptic processing is the process by which germ-free products are pac...
By Lovemore Zigara | Published: 23 July 2014
DELTA Corporation, Zimbabwe's largest listed company said volumes during the first quarter to June rose 1 percent, driven by strong growth in opaque beer.Sorghum beer volumes increased 15 percent, spu...
By Staff reporter | Published: 23 July 2014
Mining firms have accumulated pension arrears of up to $43 million since 2009 as the prevailing liquidity challenges are affecting companies' ability to remit employee contributions.As a result, the g...
By Staff reporter | Published: 23 July 2014
Sino Zimbabwe is set to increase its ginning and milling capacity by 17 percent following the purchase of additional equipment.Sino Zim purchased new springreels and weavings for the plant with the id...
By Staff reporter | Published: 23 July 2014
TELECOMMUNICATIONS firm Telecel says it is planning to tap into the retail sector as a new revenue stream.The company is already focusing its strategic direction on improved data services provision in...
By Staff reporter | Published: 22 July 2014
FAST-FOODS group Innscor Africa has informed its workforce that it would be retrenching its warehouse, distribution and administration section employees in Bulawayo citing viability challenges.The ret...
By Staff reporter | Published: 22 July 2014
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
