ZESA Holdings may have to pay in excess of $5 million in tax liabilities accumulated from backdated salaries after the power utility effected a different salary structure to the one agreed at during c...
By Conrad Mwanawashe | Published: 19 March 2014
Listed property developer Zimbabwe Property Investments Limited has earmarked $2 million to purchase land to drive growth in property development. This comes as ZPI's financial results for the full ye...
By Business Reporter | Published: 19 March 2014
Lebanese-based engineering group, El-Nour United Engineering for Construction and Commerce has entered into a joint venture with Harare City Council to construct a $3 million shopping mall in Mb...
By Business Reporter | Published: 19 March 2014
INDUSTRY has raised concern over the high bank charges and short-term licences imposed on various sectors which are discouraging savings and investment in the country. The Zimbabwe National Chamber of...
By Business Reporter | Published: 19 March 2014
PPC Zimbabwe has started preparatory work towards the construction of clinker plant and cement grinding mill this year, managing director Mr Njombo Lekula has said. "The project feasibility study for ...
By Martin Kadzere | Published: 19 March 2014
Mbada Diamonds (Pvt) Ltd., working in Zimbabwe's eastern Marange fields, will switch to underground mining from surface digging, escalating investment in the region.Mbada, in a 50:50 joint venture wit...
By Bloomberg | Published: 18 March 2014
Zimbabwe's improved tele-density has opened up opportunities for mobile money services.This should provide impetus for growth in the country's usage of electronic payment systems. Last week Informatio...
By Staff reporter | Published: 18 March 2014
RTG posted a $1.058 million PAT for the year ended 31 December 2013 from a loss of $5.887 million in 2012 after meeting its targets in restructuring the balance sheet, reducing costs and reducing the ...
By Staff reporter | Published: 18 March 2014
More Zimbabwean banks are increasingly becoming foreign-owned despite government's aggressive indigenisation programme, the Bankers Association of Zimbabwe (Baz) has said.Although President Robert Mug...
By Staff reporter | Published: 18 March 2014
The country's largest mobile telecommunications company by subscription - Econet Wireless has scored another first after launching its own EcoCash Android application.EcoCash is a mobile payment platf...
By Mernat Mafirakurewa | Published: 18 March 2014
Local advertising agency, Jericho Advertising, has scored a first for Zimbabwe after chief executive Mr Denford Magora and the firm's executive director Mr Ashley Mhonda were appointed to top advertis...
By Staff reporter | Published: 18 March 2014
The Board of Directors of Pioneer Corporation Africa Limited has announced
the resignation of Albert S. Ushe as Group Chief Executive Officer with
effect from 28th February 2014. Having completed tw...
By Staff reporter | Published: 18 March 2014
THE collateral required by the Africa Export and Import Bank may sideline many banks willing to participate on the interbank market, banking sources said yesterday.Afreximbank is the guarantor of the ...
By Martin Kadzere | Published: 18 March 2014
The government says the current fuel blending exercise will not reduce the price of the commodity.In an interview on the sidelines of a presentation on challenges facing the energy sector to students ...
By Staff reporter | Published: 17 March 2014
CFI Holdings is in talks with banks and other potential funders to develop its land into low-cost housing units to generate money for the group and its subsidiaries.The land is situated at CFI's subsi...
By Staff reporter | Published: 17 March 2014
THE liquidation hearing for Trust Bank Corporation (TBC) was pushed to next week after the Reserve Bank of Zimbabwe (RBZ) bungled in filing its heads of argument in response to the opposing affidavit ...
By Staff reporter | Published: 17 March 2014
The European Investment Bank has pledged to open credit lines to Zimbabwe provided the government resolve its $300 mlillion debt overhang. Zimbabwe has foreign debt arrears of $6 billion, with over $3...
By Staff reporter | Published: 17 March 2014
Foreign banks are yet to comply with Zimbabwe's indigenisation policy due to authorities' delay in approving their compliance plans, the Bankers Association of Zimbabwe says. This is despite governmen...
By Staff reporter | Published: 17 March 2014
The Antwerp World Diamond Centre wants to sell 12 million carats of diamonds from Zimbabwe this year, which would make the southern African country one of the six biggest suppliers to the Belgian-base...
By Bloomberg | Published: 17 March 2014
STRUGGLING chrome mining concern, Zimasco Private Limited, has embarked on a voluntary retrenchment exercise targeting to cut about 500 jobs across the company's entire operations in the country. Zima...
By Staff reporter | Published: 17 March 2014
Zimbabwe's mobile money platforms are still too expensive owing to the refusal to share infrastructure by the mobile service providers, parliamentarians heard last week.Giving oral evidence to the par...
By Staff reporter | Published: 17 March 2014
PRODUCTION of small grains is expected to double this year as most dry regions received adequate rains despite some areas being affected by floods, an expert has said.Small Grains and Cereal Producers...
By New Ziana | Published: 17 March 2014
The government has assured Essar Africa that it will secure a loan to pay off Ziscosteel's $200 million domestic debt to accelerate resumption of work at the fallen steel giant.The government inherite...
By Staff reporter | Published: 17 March 2014
PLANS are underway to turn Ascot Shopping Mall into a one-stop shop as its owners aim to boost business at the centre, an official has said.The mall, along the Bulawayo-Johannesburg Road next to Holid...
By Staff reporter | Published: 17 March 2014
INFORMAL traders in Harare have said they have not yet cashed in on proceeds from tobacco sales this year as most farmers have been affected by low prices obtaining at the auction floors and are not k...
By Staff reporter | Published: 17 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
