Listed Dairibord Holdings Limited (Dairibord) plans to shut down its Gweru plant as part of strategies to contain costs and rationalise operations.This comes as the milk processor last year closed its...
By Staff reporter | Published: 26 March 2014
THE Industrial Development Corporation is scouting for a partner to either mine or process lithium ore into other value-added products such as batteries.The project feeds into the worldwide increase i...
By Staff reporter | Published: 26 March 2014
Unifreight Limited will not make a mandatory offer to minority shareholders of Pioneer Corporation Africa, in line with Zimbabwe Stock Exchange rules, as Zimbabwe's equity laws don't allow foreigners ...
By Staff reporter | Published: 26 March 2014
Demand for cement in Zimbabwe has declined as a result of sluggish activity in the country's construction sector and difficult economic conditions.Research by pan-African financial services company Im...
By world cement | Published: 25 March 2014
BancABC Zimbabwe contributed to the group's profitability in the year to December 31, 2013 despite liquidity challenges in the operating environment.BancABC Zimbabwe was one of the three country divis...
By Staff reporter | Published: 25 March 2014
ZB Financial Holdings will focus on cost containment and operational efficiency as key aspects to delivering growth in FY14, CE Ronald Mutandagayi told analysts at the firm's inaugural analyst briefin...
By Staff reporter | Published: 25 March 2014
The Deposit Protection Corporation (DPC) has managed to reimburse only 1 606 depositors out of 8 496, whose accounts were closed when three banks were shutdown.DPC chief executive officer John Chikura...
By Staff reporter | Published: 25 March 2014
THE country's leading mobile operator, Econet, and local finance institutions were set to sign an agreement that would see Zimbabweans enjoying lower banking tariffs, it has been learnt.FBC Holdings c...
By Staff reporter | Published: 25 March 2014
NEWLY-APPOINTED Reserve Bank of Zimbabwe (RBZ) governor John Mangudya reportedly attained his PhD in Business Administration from an unaccredited institution of higher learning, Washington Internatio...
By Staff reporter | Published: 25 March 2014
Zimbabwe is considering a platinum refinery construction proposal by South Africa-based Impala Platinum Holdings (Implats), businessdaily has learnt.Mines minister Walter Chidhakwa yesterday said he m...
By Staff reporter | Published: 25 March 2014
FBC Holdings (FBCH) is finalising a $10 million import facility with PTA Bank (PTA), its chief executive John Mushayavanhu said.He told businessdaily that it would be available shortly."In 2013, we go...
By Staff reporter | Published: 25 March 2014
MBCA Bank (MBCA) - a unit of Nedbank group - says it is working on accessing loan financing from Export Credit Insurance Corporation (ECIC) of South Africa."The bank (MBCA) is in contact with our clie...
By Staff reporter | Published: 25 March 2014
Mwana Africa Plc (Mwana) is set to regain $47,3 million it had written off on Bindura Nickel Corporation (BNC)'s non-current assets over viability concerns of the Zimbabwe-based unit, an investment in...
By Staff reporter | Published: 25 March 2014
Tetrad Investment Bank (Tetrad) has been taken to court by the Bindura University of Science Education (BUSE) over a $560 000 deposit, which it has failed to pay on maturity.This comes as the fledgli...
By Staff reporter | Published: 25 March 2014
CBZ Holdings CE John Mangudya has been named the new Reserve Bank of Zimbabwe (RBZ) governor. Mangudya replaces Gideon Gono who was also head of CBZ before assuming charge at the central bank in 2003....
By Staff reporter | Published: 25 March 2014
African Sun will focus on driving the international market to grow ADR and volumes, group chief executive Shingi Munyeza told the AGM today."Driving international market to grow ADR and volumes; this ...
By Staff reporter | Published: 25 March 2014
Central Africa Building Society (CABS) says the $62 million low cost housing scheme in Budiriro is nearing completion with units expected to be handed over to buyers by the end of the first quarter.In...
By Staff reporter | Published: 20 March 2014
Industrial Development Corporation (IDC) subsidiary and cooking oil manufacturer Surface Investments this year plans to spend $2,5 million on purchasing a new bottling line as part of moves to boost p...
By New Ziana | Published: 20 March 2014
The Zimbabwe government on Wednesday called for patience as modalities for re-opening of the defunct Kwekwe based steelmaker, New Zim Steel (formerly Ziscosteel) are being worked out.Deputy Industry a...
By New Ziana | Published: 20 March 2014
DZLH is projecting a 6% volumes growth in FY14 driven by investments in constrained lines and new products after posting an 8% decrease in sales volumes for the year ended 31 December 2013, group CEO ...
By Staff reporter | Published: 20 March 2014
Turnall will be shifting its focus towards the top tier market going forward as subdued demand patterns have affected the low end market segment, MD John Jere told an analyst briefing yesterday."We ar...
By Staff reporter | Published: 20 March 2014
ZPI will be focusing on smaller projects that deliver value going forward until the economy recovers, managing director Edson Muvingi told an analyst briefing yesterday."Those who know Zimre Park, we ...
By Staff reporter | Published: 20 March 2014
FBC Holdings indicated that there was a modest increase of 7% in total income to $79.50 million while profit before tax "slightly decreased by 4%" to $16.22 million, CE John Mushayavanhu told analysts...
By Staff reporter | Published: 20 March 2014
FBC Holdings will continue focusing on liquidity and risk management under an environment characterised by liquidity challenges and heightened default rates currently obtaining in the Zimbabwean econo...
By Staff reporter | Published: 20 March 2014
Zimbabwe Stock Exchange-listed conglomerate, Innscor Africa Limited's TV Sales division outperformed the group's key bakeries and fast foods segments after its revenue for the six months ended Decembe...
By Staff reporter | Published: 20 March 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
