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
CHAMBER of Mines of Zimbabwe (CoMZ) chief executive officer (CEO), John Chikombero, resigned from the high pressure job with immediate effect on Wednesday last week, amid reports of sharp differences ...
By Staff reporter | Published: 20 March 2014
BOTSWANA Stock Exchange listed retail group, Choppies Enterprises plans to open more outlets in the country this year to add to the current 13 already in operation.According to the group's unaudited f...
By Staff reporter | Published: 20 March 2014
THE country has since the beginning of the year exported 14.3 million kilogrammes of tobacco worth $51.8 million with Belgium leading as the major buyer of the golden leaf.Latest statistics from the T...
By Oliver Kazunga | Published: 20 March 2014
AIR Zimbabwe has increased its fares following the withdrawal of the 50-seater Embraer ERJ 145 LR that was leased to the national airline by Solenta Aviation Limited.The airline used to service local...
By Pamela Shumba | Published: 20 March 2014
Mobile banking has grown phenomenally due to a 104 percent growth in mobile penetration and the registration of over 7 000 mobile agents across the country, the Reserve Bank of Zimbabwe has revealed. ...
By Enia Nyakudzambara | Published: 20 March 2014
Government is reviewing submissions made by gold mining companies pleading for a reduction in royalties to save the industry from potential collapse amid low bullion prices on global market. Gold mini...
By Business Reporter | Published: 20 March 2014
PROPARCO, a French Development Finance Institution yesterday signed a five-year loan agreement for $10 million with CABS. Proparco, which also signed a $10 million loan agreement with NMBZ following t...
By Business Reporter | Published: 20 March 2014
GOVERNMENT is planning to set up a lithium processing plant in Bulawayo, which would be crucial in the production of batteries in the country, an official said. Mr Valentine Vera, a metallurgy directo...
By Staff reporter | Published: 20 March 2014
Business ReporterThe Zimbabwe Chamber of Small Scale Entrepreneur (ZCSME) will next week host a mining indaba in Gweru whose primary focus is to foster a collective working relationship between miners...
By Staff reporter | Published: 19 March 2014
The revival of the Cold Storage Commission (CSC) remains a major solution to the complete recovery of Zimbabwe's beef industry, Agriculture, Mechanisation and Irrigation deputy minister Paddy Zhanda h...
By Staff reporter | Published: 19 March 2014
Mutodi apologises to Guvamatanga 
South African ambassador falls to death from Paris hotel room 
India dumps US Treasury bills 
Zimbabwe's dollar stock exchange surges 45% 
Gold edges up as traders await guidance 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
