ZIMBABWE'S life assurance industry recorded 68 % decline in after tax profits to $314,85 million in the nine months to September 2018 compared to $979,27 million during the same period in 2017, the in...
By Staff reporter | Published: 08 January 2019
THE National Railways of Zimbabwe (NRZ) has projected to increase its freight by 25,6 percent this year buoyed by the anticipated improved business and recapitalisation efforts.NRZ public relations ma...
By Staff reporter | Published: 06 January 2019
Government has moved in to secure 30 000 metric tonnes of wheat worth $12,2 million with a 20 percent down payment following threats by an international supplier to cut off the deal citing Harare's de...
By Staff reporter | Published: 06 January 2019
Zimbabwe's gold deliveries to Fidelity Printers and Refiners reached 33.2 tonnes in 2018 worth over $1 billion in export receipts, the highest ever since 1980 as the country starts rebuilding reserves...
By Staff reporter | Published: 04 January 2019
CABS is merging its Greendale and Chisipite branches with effect from February 25 as a way of enhancing its digitalisation efforts.In a statement, the bank which boasts of more than 50 branches across...
By Staff reporter | Published: 02 January 2019
Government has rolled out the new amendments to the Microfinance Act.This comes as government sought to create credit and collateral registries as well as encourage consolidation among small businesse...
By Staff reporter | Published: 02 January 2019
AGRICULTURAL concern Ariston Holdings posted an after tax profit of $2,8 million in the full year to September from a loss position of $1,7 million in the prior year, on the back of cost-cutting measu...
By Staff reporter | Published: 01 January 2019
Some artisanal miners are feared dead after a mine shaft they were working in in Shurugwi collapsed at the weekend. The incident occurred on Saturday afternoon at Wonderer Mine, one of the oldest mine...
By staff reporter | Published: 01 January 2019
FIRST Capital Bank, formerly Barclays Bank Zimbabwe, has approved the unbundling of non-core assets set for listing on the Zimbabwe Stock Exchange (ZSE). In a renewal of cautionary statement to shareh...
By Staff reporter | Published: 01 January 2019
Property developers are demanding payment in US dollars for residential stands or houses in a development that might further exclude ordinary people from owning houses. The development flies in the fa...
By Staff reporter | Published: 01 January 2019
DIVERSIFIED manufacturer, Zimplow Holdings Limited, has appointed Mr Vimbayi Nyakudya as the new group chief executive officer replacing Mr Mark Hulett. In a statement yesterday the company advised sh...
By Staff reporter | Published: 01 January 2019
THE Zimbabwe Parks and Wildlife Management Authority (Zimparks) is considering a downward review of its service charges for locals in an effort to promote domestic tourism in 2019. Zimparks public rel...
By Staff reporter | Published: 01 January 2019
THE $400 million National Railways of Zimbabwe (NRZ) recapitalisation deal is still on track with six financiers having shown interest to release close to $1 billion to fund the project. In 2017, NRZ ...
By Staff reporter | Published: 01 January 2019
The Hospitality Association of Zimbabwe (HAZ) is satisfied with the way the Government promoted domestic and international tourism in 2018 and will leverage on that plinth to maximize tourism receipts...
By Staff reporter | Published: 01 January 2019
The Hospitality Association of Zimbabwe (HAZ) says prospects are bright for the tourism sector if Government improves connectivity of tourist centres by air. Further, HAZ called on the Government to p...
By Staff reporter | Published: 01 January 2019
ZIMPOST says it generated $19,3 million in revenue in the 11 months to November, which was 12% below the $22 million achieved last year, as liquidity challenges and working capital constraints affecte...
By Staff reporter | Published: 31 December 2018
Air Zimbabwe yesterday grounded Mbuya Nehanda, a Boeing 737-200ER, for mandatory maintenance expected to last over a month. The airline has largely been operating two serviceable aircraft and whenever...
By Staff reporter | Published: 31 December 2018
Zimbabwe's energy import bill has dropped to about $1,2 million monthly from at least $48 million as efforts to invest in local electricity generation to underpin the envisaged economic growth begin t...
By Staff reporter | Published: 30 December 2018
ONE of the country's leading cooking oil and soap manufacturers, United Refineries Limited (URL) will resume cooking oil exports to Namibia soon as it forges ahead to grow its foreign currency coffers...
By Staff reporter | Published: 30 December 2018
Considerable dividends have begun to accrue to Zimbabwe as Government and the private sector continue to ratchet up efforts to promote Zimbabwe as a safe destination. The tourism sector has since gros...
By Staff reporter | Published: 30 December 2018
The Zimbabwe Power Company intends to spend more than $500 million rehabilitating Hwange Power Station units 1 to 5 to guarantee reliability and extend its lifespan by between 15 to 20 years. The proj...
By Staff reporter | Published: 30 December 2018
President
Mnangagwa is expected to commission Shurugwi-based Anglo-American
platinum miners, Unki Mine's $62 million platinum processing plant next
month. Construction of the plant began in 2016 an...
By Staff reporter | Published: 29 December 2018
MEIKLES stands to lose its shareholding in several of its subsidiaries after a High Court dismissed its application challenging the attachment of its shares by the sheriff over a $1,5 million debt owe...
By Staff reporter | Published: 24 December 2018
NATIONAL Tyre Services (NTS) reported an increase in profit after tax to $337 051 for the half year to September, but the company fears that fiscal and other monetary measures introduced by authoritie...
By Staff reporter | Published: 24 December 2018
GIANT seed house, SeedCo says it is working on developing rice varieties suitable for local climatic conditions to reduce the country's reliance on imports. Naturally the cereal originates in tropical...
By staff reporter | Published: 24 December 2018
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
