THE average ratio of non-performing loans (NPL) to total advances rose marginally in three months to March as the weak economy militated against borrower's ability to repay.However in spite of this, b...
By Staff reporter | Published: 03 July 2014
THE Insurance and Pensions Commission (IPEC) has revealed that only 12 of the 25 licensed insurance companies have complied with the minimum capital requirement of $1,5 million by the end of last mont...
By Walter Muchinguri | Published: 03 July 2014
THE High Court has ordered Altifin Insurance to pay the Cotton Company of Zimbabwe about $117 000 plus interest which arose from an insurance claim raised by the cotton producer.High Court Judge Justi...
By Staff reporter | Published: 03 July 2014
The Reserve Bank of Zimbabwe (RBZ) says mobile banking is an important driver of transactions in the financial sector as it caters for millions of people who do not have accounts.RBZ Governor, Dr John...
By Staff reporter | Published: 03 July 2014
Telecel Zimbabwe's mobile money transfer system, Telecash, has handled $15 million since its inception early this year as the company seeks to increase its visibility in the mobile money space.The loc...
By Staff reporter | Published: 03 July 2014
The strict regulations imposed by the World Health Organisation (WHO) against the tobacco industry have caused an outcry for fairness and consideration by the international tobacco community.A meeting...
By Staff reporter | Published: 03 July 2014
ZB Financial Holdings says it is looking for looking for "third party" investors for its banking arm in a bid to meet the Reserve Bank of Zimbabwe's comprehensive re-capitalisation requirements.All co...
By Staff reporter | Published: 03 July 2014
AIM-listed multi-commodity resource development company African Consolidated Resources (ACR) has extended the date for payment of the outstanding consideration of $7,5 million for the purchase of Falc...
By Staff reporter | Published: 03 July 2014
Telecel Zimbabwe says mobile phone companies are being prejudiced of potential business and revenue by the high prevalence of traffic refilling.General manager Angeline Vere on Monday appealed to gove...
By Staff reporter | Published: 02 July 2014
A senior government official has complained over the way banks are handling depositors monies particularly bank charges, which he said were high and not justified.Addressing delegates at the launch of...
By Staff reporter | Published: 02 July 2014
Four-year-old Makomo Resources in 2013 overtook Hwange Colliery Company Limited (HCCL) to become the biggest coal miner in the country, latest data from the Chamber of Mines shows.Owned 60 percent by ...
By New Ziana | Published: 02 July 2014
Mobile network operator, Telecel says it has begun a fibre deployment project which will see the company laying its own optical fibre cable to avail more high capacity data provisioning for the networ...
By Francis Chimanda | Published: 02 July 2014
TROUBLED Bulawayo firm Marvo Stationery Manufacturers has paid its workers $10 each after going for 18 months without salaries, it emerged yesterday.The disgruntled workers told Southern Eye Business,...
By Staff reporter | Published: 02 July 2014
Mine minister Walter Chidhakwa yesterday retained faith in Farai Mtamangira's Hwange Colliery Company Limited (HCCL) board amid expectations that the second largest shareholder Nicolas Van Hoogstraten...
By Staff reporter | Published: 02 July 2014
MOST foreign-owned firms and weak cash movement laws in Zimbabwe could be blamed for the tight liquidity conditions prevailing in the economy, analysts have said.Analysts said Zimbabwe was now like a ...
By Staff reporter | Published: 02 July 2014
THE Agricultural Marketing Authority (AMA) has issued $55 million bills to raise money to fund the purchase of about 250,000 metric tonnes of grain from the 2013/14 season.The authority was establishe...
By Oliver Kazunga | Published: 02 July 2014
TOTAL banking deposits have marginally improved to $4,82 billion as of March 31, 2014 from $4,73 billion last year, the Reserve Bank of Zimbabwe has said.In a report for the quarter ending March 31, 2...
By Oliver Kazunga | Published: 02 July 2014
Zimre Holdings Limited is forecasting a turnover of about $150 million by the end of this year as the company targets increased earnings from the disposal of non-core and non-performing local and exte...
By Tinashe Makichi | Published: 02 July 2014
ZSE listed diversified group, Meikles Limited posted an after tax profit of $37,1 million for the full year to March 2014 from $6,5 million the prior year largely due to a huge jump in non-trading inc...
By Staff reporter | Published: 02 July 2014
HWANGE Colliery Company Ltd, the country's largest coal miner, expects to turn profitable upon commissioning of new equipment before year-end, an official said.The company has finalised the acquisitio...
By Staff reporter | Published: 02 July 2014
AIR Namibia has introduced a 112 seater Airbus A319 to service its Harare-Windhoek and Harare-Lusaka routes due to increased demand.The Airbus, which offers both Business class and Economy Class servi...
By Staff reporter | Published: 02 July 2014
Zimbabwe's central bank is considering establishing a body to take over local lenders' non-performing loans and make it easier for them to attract new capital, its governor said on Monday.Several ban...
By Reuters | Published: 02 July 2014
African Consolidated Resources PLC Monday said its deal to buy the Dalny mine in Zimbabwe from Falcon Gold Zimbabwe Ltd has been held back to await formal approval by Falcon Gold shareholders, Allianc...
By Alliance News | Published: 30 June 2014
Mobile network operator Telecel Zimbabwe is seeking $200 million to increase its third generation (3G) network coverage and grow subscriber base to 5,5 million by year end.Telecel is the second larges...
By Staff reporter | Published: 30 June 2014
Zimbabwe Stock Exchange-listed composite financial house Zimre Holdings (ZHL)'s shareholders have approved a repurchase of its stock.In terms of the share buyback the maximum number of shares will not...
By Staff reporter | Published: 30 June 2014
ZCTU implores govt to review US$150 minimum wage 
DRC bans US dollar cash payments 
Trump admin launches $166B tariff refund portal 
Gold-backed ETF set for VFEX debut 
Zimbabwe's currency is undervalued by nearly half 
Zimbabwe moves to crack down on proxy mining deals 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
