STEWARD Bank on Wednesday opened a new branch in Bulawayo as part of its expansion drive.Speaking at the official opening of the branch along Fife Street, Steward Bank chief executive officer (CEO) Kw...
By Staff reporter | Published: 25 April 2014
THE Zimbabwe National Roads Administration (Zinara) has been rocked by a labour dispute with employees manning its tollgates after the road company allegedly breached its contractual agreement over sa...
By Staff reporter | Published: 25 April 2014
AFRASIA Bank, formerly Kingdom Bank, has been sued for about $79 million by local tycoon Zachary Wazara and his firm Spiritage Zimbabwe Limited for allegedly breaching its obligations in Valley Techno...
By Staff reporter | Published: 25 April 2014
This week's announcement Mauritius-based Afrasia Bank Ltd has increased shareholding in AfrAsia Zimbabwe Holdings Limited to 62,5% , following the injection of an additional $20 million into the enti...
By Staff reporter | Published: 25 April 2014
ZCTU secretary-general Japhet Moyo says financial problems at Zupco is symptomatic of the abuse and mismanagement of parastatals in the country.Several parastatals face viability problems that have se...
By Staff reporter | Published: 25 April 2014
Beleaguered state owned bus company, Zimbabwe United Passenger Company (Zupco) has all but fallen apart due to financial dire straits that have resulted in the grounding part of its fleet of buses and...
By businessdigest | Published: 25 April 2014
Old Mutual Zimbabwe Limited shareholders this week approved a share buyback meant to facilitate the eventual disposal of shares to indigenous Zimbabweans in line with the company's compliance to the i...
By Staff reporter | Published: 25 April 2014
Local Banks will increasingly reel from persistent deflation as analysts fear growing depressed demand for loans and massive defaults on borrowing by companies and individuals struggling under a liqui...
By Staff reporter | Published: 25 April 2014
Mobile money platforms can help boost liquidity by formalising financial transactions within the informal sector and the unbanked segment of the country's economy, research findings have revealed. A r...
By Staff reporter | Published: 25 April 2014
THE Zambezi River Authority (ZRA), an entity owned by the governments of Zimbabwe and Zambia has narrowed down to nine the list of bidders vying to develop the proposed Batoka project, it has been est...
By Staff reporter | Published: 25 April 2014
The country's pharmaceutical sector is ailing, with the National Pharmaceutical Company (Nat-Pharm) failing to pay pharmaceutical companies while it is also owed about $11 million by the government.Un...
By Staff reporter | Published: 24 April 2014
Air Zimbabwe (Pvt) Ltd has fired its Human Resources Manager, Oswald Madziwa for negligently performing a transaction which led to the national airliner losing millions of dollars.Madziwa was dismisse...
By Staff reporter | Published: 24 April 2014
Leading tea-producing company Tanganda Tea (Pvt) Ltd has acquired a state-of-the-art blending and packaging plant worth $2.5m, finance director Henry Nemaire has said.Nemaire told reporters that the w...
By Staff reporter | Published: 24 April 2014
LACK of competition in the fixed line telecommunications sector as well as restrictive policies has hampered growth in the sub-sector where State-owned TelOne still maintains a monopoly on fixed lines...
By Staff reporter | Published: 24 April 2014
THE Zimbabwe Banking and Allied Workers' Union (Zibawu) has said ZB Bank and Steward Bank are in the process of terminating jobs of 335 employees as the two institutions embark on rationalisation of t...
By Staff reporter | Published: 24 April 2014
THE National Social Security Authority's hotel in Beitbridge could be closed by the local authority after the temporary permit allowing it to operate expired last month.NSSA is pinning its hopes on ne...
By Staff reporter | Published: 24 April 2014
Old Mutual Zimbabwe has declared a $10 million dividend for its shareholders for the year ended December 2013. The group in the same period posted positive results recording a 2000 percent increase in...
By Staff reporter | Published: 24 April 2014
Businessman Mr Ray Kaukonde has increased his shareholding in brick maker Willdale Limited ahead of the recapitalisation of the group. Mr Kaukonde upped his interest in the Zimbabwe Stock Exchange-lis...
By Staff reporter | Published: 24 April 2014
Australia, one of the world's leading mining powerhouses, has pledged to empower small-scale miners in Zimbabwe to enable them increase contributions to the mainstream economy.The country aims to achi...
By CAJNews | Published: 23 April 2014
Tetrad Investment Bank's movable property face the hammer after the Deputy Sheriff attached its assets to recover nearly $500 000 which Bindura University of Science and Education had invested with th...
By Staff reporter | Published: 23 April 2014
Zimbabwe will let foreigners keep majority stakes in banks for now because locals have no money to buy shares, the Finance Minister said on Wednesday.But Patrick Chinamasa said the Government would no...
By Reuters | Published: 23 April 2014
KWEKWE-based steel manufacturer, Steelmakers, has been rattled by the liquidity crunch prevailing in the country and this has resulted in turnover plummeting by 50 percent.Steelmakers group general ma...
By Lovemore Zigara | Published: 23 April 2014
Steward Bank intends to close about eight branches across the country, rendering more than 100 employees jobless, as the bank seeks to streamline its costs.The financial institution, currently with 20...
By Tinashe Makichi | Published: 23 April 2014
Gold producer Pan African Mining on Tuesday said it is considering sending workers on a two weeks unpaid rotational leave as a cost-cutting measure since it has not been operating due to lack of elect...
By New Ziana. | Published: 23 April 2014
Belgium is the biggest buyer of Zimbabwean tobacco so far this year with 3,4 million kilogrammes worth $9,1 million having been exported to that country to date, the Tobacco Industry and Marketing Boa...
By New Ziana. | Published: 23 April 2014
Chiwenga takes fresh swipe at Wicknell Chivayo 
Mnangagwa delivers stark warning 
Goodyear shutters multiple global plants 
ZSE pushes for another equities tax cut to boost selloffs 
Zimbabwe's forex receipts jump 23% 
Unifreight shifts focus towards cross-border 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
