Dairibord Holdings will commission five new plants this year under a $10 million capital expenditure programme to grow its revenues and cut down costs to overturn the loss suffered in the year to Dec...
By Staff reporter | Published: 26 May 2014
NESTLE Zimbabwe says a growing export market and the re-introduction of new product lines will spur the company’s performance this year. In an interview last week, Nestle managing director Mr Kumbi...
By Staff reporter | Published: 26 May 2014
New rich gold deposits were recently discovered by artisanal miners in Nyanga. Mines commissioner for Manicaland Province Mr Agripa Chimusasa said in an interview last week that the discovery of new ...
By Staff reporter | Published: 26 May 2014
ZIMBABWE plans to have 40 airlines flying into the country by 2018, nearly trebling the current figures, Civil Aviation Authority of Zimbabwe (CAAZ) general manager David Chawota said yesterday.At th...
By Staff reporter | Published: 26 May 2014
NESTLÉ Zimbabwe plans to spend $10 million this year on plant and machinery upgrade as it seeks to grow the regional exports base, a company official has said.The money would be raised from sharehol...
By Staff reporter | Published: 26 May 2014
Scores of Golden Grill Fast Foods outlets workers in Bulawayo Friday arrived at work to find their workplace under lock and key after National Indigenisation and Economic Empowerment Board (NIEEB) of...
By Staff reporter | Published: 26 May 2014
Barclays grew a quality loan book by 26% in the year to April 2014 while deposits declined by 5%, group MD George Guvamatanga told the AGM yesterday."Our strategy of being the 'Go-To' bank is in cour...
By Staff reporter | Published: 26 May 2014
DZLH volumes for the first four months up to April 2014 remained static on account of weak demand while the operating environment is expected to remain challenging, group CE Anthony Mandiwanza told a...
By Staff reporter | Published: 26 May 2014
Delta Corporation recorded a 1% decrease in revenue for the year ended 31 March 2014 as total beverage volumes remained flat due to softening demand and declining consumer spend , CE Pearson Gowero t...
By Staff reporter | Published: 26 May 2014
The country's largest chicken breeder, Irvine's Zimbabwe has invested $6 million towards the construction of silos and a stockfeed processing plant which will push production capacity to 25 tonnes pe...
By Tinashe Makichi | Published: 26 May 2014
MWANA Africa has revealed it is looking for debt financing to fund the reopening of its Zimbabwe nickel smelter and refinery to benefit from rising metal prices.Restarting the Bindura Nickel smelter ...
By Bloomberg. | Published: 26 May 2014
THE economic challenges prevailing in the country have affected the viability of the property sector with some buildings in Bulawayo having gone for almost a year without tenants.Estate Agents Counci...
By Sithandazile Moyo | Published: 26 May 2014
Ecobank has expressed willingness to fund a national rollout of smart meters for the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) through a local independent energy solutions com...
By BH24 | Published: 18 May 2014
A 38 percent rise in interest income led Delta to an increase in profitability for the year to March 31 in spite of the marginal decline in revenue.For the period, the bottom-line was 3 percent highe...
By Staff reporter | Published: 18 May 2014
REAL-TIME mobile messaging application, WhatsApp, now accounts for at least 23 percent of mobile telecoms service provider Econet Wireless Zimbabwe's network activity.Sandvine, a leading provider of i...
By Staff reporter | Published: 18 May 2014
ADDAX Trading, a South African-based company has won the bid to buy Homelink Private Ltd for $22 million, sources familiar with the transaction said.The company won the bid ahead of other contenders i...
By Martin Kadzere | Published: 18 May 2014
HWANGE Colliery Company has terminated discussions with major shareholder Mr Nicholas van Hoogstraten for a $50 million loan citing issues around management control and cost of the funding.The board i...
By Martin Kadzere | Published: 18 May 2014
Cimas Medical Aid Society has been issued with an air operator's certificate by the Civil Aviation Authority of Zimbabwe to allow it to operate air medical services.Cimas board chairman Mordecai Mahla...
By Chengetai Chinembiri | Published: 14 May 2014
Econet Wireless Global's Liquid Telecom will inject $200 million for the expansion of its fibre-optic cable network in the Sadc region.Liquid chief executive Nic Rudnick said they intend to spend the ...
By Staff reporter | Published: 14 May 2014
Old Mutual plc today announced the appointment of Ingrid Johnson as its group finance director with effect from 1 July 2014.Johnson will succeed Philip Broadley who will remain an executive director t...
By Staff reporter | Published: 14 May 2014
Gwanda-based gold producer Blanket Mine's gold output for the first quarter of the current year was down 2,2 percent due to 10 241 ounces compared to the prior period last year.Production was adverse...
By Staff reporter | Published: 14 May 2014
Delta beverages posted a profit of $104 million for the year ended March 31, 2014 up 38 percent from $75 million in the prior year.According to the group's financials released today, group revenue gre...
By Staff reporter | Published: 14 May 2014
Astra's four months to April 2014 volumes declined 5% compared to last year, Managing Director Mac Mazimbe told an AGM this afternoon, adding that their performance mirrors the economy. "Sales re...
By Staff reporter | Published: 14 May 2014
The World Bank says Zimbabwe must strengthen its financial sector to curb systemic risk and avoid bank failures.Nadia Piffaretti, the institution's local economist, last week told a Sapes Trust busine...
By Staff reporter | Published: 14 May 2014
French cement maker Lafarge has appointed Amal Tantawi as new chief executive of its Zimbabwean unit.She succeeds Jonathan Shoniwa who was elevated to executive chairman late last year, following Much...
By Business Live | Published: 14 May 2014
Opposition vows to resist Zanu PF's 2030 plan 
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
