Government will set up a $100 million credit facility for small scale miners to support them with equipment and expertise to improve viability. Mines Minister Walter Chidhakwa said the facility is als...
By Staff reporter | Published: 12 May 2014
The Diamond Technology Centre in Mt Hampden is set to open in June. Chair of the centre, Lovemore Kurotwi, said that "the country is set to benefit immensely from the project with the creation of 100 ...
By Staff reporter | Published: 12 May 2014
Government has gazetted regulations empowering local diamond companies to grade, cut, polish, crush and process the stones as well as sell them to international buyers. This is in line with the Minera...
By Staff reporter | Published: 12 May 2014
Tobacco sales have continued to increase since the beginning of the marketing season inching close to the $400 million dollar mark as the country's 180 million kg target draws closer.According to figu...
By Musah Gwaunza | Published: 09 May 2014
Zimbabwe's leading health insurance organisation CIMAS's revenues for FY2013 reached $110,4 million.The rise in revenue, which was up 12,7 percent from the 2012 figure of $98 million, was driven by gr...
By Musah Gwaunza | Published: 09 May 2014
Essar Africa Holdings Limited will release more than $450 million to clear most of NewZim Steel's (formerly Zisco Steel) debt and pave the way for the operationalisation of the company.In addition to ...
By Rumbidzayi Zinyuke | Published: 09 May 2014
The World Bank has stressed the need for the country to prioritise prudent fiscal policies and the strengthening of financial supervision of the local banking sector.In a presentation during the recen...
By Staff reporter | Published: 09 May 2014
ZIMBABWE'S diamond output from the Marange fields is expected to decline to 12 million carats this year, according to diamond analysts Rapaport.That would be a 9,7 percent decline as the country is es...
By BH24 | Published: 09 May 2014
LAST Wednesday's closure of Bhadella Wholesalers in Mutare, which had been operating in the eastern border city for more than eight decades, has been met with mixed feelings by customers and various s...
By Abel Zhakata | Published: 09 May 2014
THE Chamber of Mines and the Associated Mine Workers Union of Zimbabwe (Amwuz) have agreed a 5% increase in wages for 2014, ending protracted wage negotiations of more than six months.The agreement is...
By Staff reporter | Published: 09 May 2014
THE interbank market will soon be operational amid indications banks will receive the facility agreements next week.The new Bankers Association of Zimbabwe (Baz) president, Sam Malaba said the Afrexim...
By Staff reporter | Published: 09 May 2014
Fidelity Life Assurance of Zimbabwe has received a major boost for its phase two Manresa housing development following the finalisation of the administration wrangle between two municipalities which c...
By Staff reporter | Published: 09 May 2014
The Imara Zimbabwe Fund declined 9% in April this year to $19,2 million compared to the previous month after share prices of its leading holdings slumped. In terms of share price moves over the month,...
By Staff reporter | Published: 09 May 2014
Gold deliveries to Fidelity Printers and Refiners, the country's sole buyer of the mineral, reached nearly four tonnes in four months to April this year, official statistics show. The deliveries from ...
By Staff reporter | Published: 09 May 2014
Government is establishing a diamond park in Harare for local companies to cut and polish gems, and also produce finished products, Mines and Mining Development Minister Walter Chidhakwa has said. In ...
By Staff reporter | Published: 09 May 2014
Econet will be launching Wi-Fi hotpots in a bid to ease congestion on the regular mobile broadband networks that use GPRS, Edge and 3G, TechZim reported. "We were tipped to this development by some su...
By Staff reporter | Published: 08 May 2014
Steward Bank posted a loss of $26,4 million for the year ended February 28, 2014 which it attributed to an on-going restructuring process.The bank said it incurred non-recurring operating expenditur...
By Staff reporter | Published: 08 May 2014
Agro-focused firm Chemco Holdings has been delisted from the Zimbabwe Stock Exchange with effect from today.Trade in Chemco shares was suspended in 2012 and shareholders felt that corrective actions f...
By Staff reporter | Published: 08 May 2014
The Postal and Telecommunications Regulatory Authority of Zimbabwe says it is in the process of re-planning spectrum allocations to cater for 4G.4G is a mobile communications standard intended to repl...
By Staff reporter | Published: 08 May 2014
Government is seeking partners in the treatment of the Kwekwe roasting plant calcine dump and the establishment of a facility to recover gold from refactory gold concentrates with the view to boost th...
By Staff reporter | Published: 08 May 2014
ZIMBABWE has been ranked number 117 out of 148 countries graded for their capacity to exploit opportunities offered by the Information Communication Technology (ICT) sector. The southern African count...
By Staff reporter | Published: 08 May 2014
Global Diamond Tenders, a Dubai-based company, hired by government to facilitate the sale of the country's diamonds at the Dubai Diamond Exchange (DDE) has only fully paid three of the seven diamond c...
By Staff reporter | Published: 08 May 2014
Zimbabwe is exploring for new mineral deposits as the hard pressed government seeks to raise cash from the country's vast resources. Mines minister Walter Chidhakwa said new deposits would be used for...
By Staff reporter | Published: 08 May 2014
Zimbabweans should be disciplined, courageous and skilful to overcome challenges facing the economy, newly-appointed Reserve Bank of Zimbabwe Governor John Mangudya has said. In his maiden statement a...
By Staff reporter | Published: 08 May 2014
The Zimbabwe Energy Regulatory Authority (Zera) has moved in to regulate trade and distribution of liquefied petroleum gas (LPG).Government today announced that liquefied petroleum gas (LPG) retailer...
By Musah Gwaunza | Published: 07 May 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
