African Banking Corporation will be focusing on raising capital for its various subsidiaries and improve loan book management, group CE Doug Munatsi told an analyst briefing yesterday."We are actively...
By Staff reporter | Published: 27 March 2014
Masimba Holdings is determined to see a profitable construction and growth at Proplastics after recording a 9% drop in sales volumes ,group CEO Canada Malunga told an analyst briefing yesterday."We ar...
By Staff reporter | Published: 27 March 2014
VUMBACHIKWE Gold mine in Gwanda has been forced to cease operations amid revelations the mine failed to comply with an order from the Environmental Management Agency (EMA) to protect the environment S...
By Staff reporter | Published: 27 March 2014
CHOPPIES Enterprises Limited has taken over Solomons Supermarket in Bulawayo as it continues to expand its supermarket chain, in a deal expected to create more jobs particularly for the city's unemplo...
By Staff reporter | Published: 27 March 2014
ZIMBABWE is courting China Power Investment Corporation to invest in the $2,2 billion Sengwa Thermal Power Station in Gokwe, Finance Minister Patrick Chinamasa has said."We have held meetings with CPI...
By Business Reporter | Published: 27 March 2014
Listed construction firm Masimba Holdings Ltd is strengthening its presence in the region and aiming to double its exports this year.Masimba chief executive officer Canada Malunga told analysts this a...
By Staff reporter | Published: 26 March 2014
Zimbabweans do not understand how banking systems work hence they usually get a raw deal from bankers who take advantage of their ignorance.Addressing parliamentarians recently, Bankers Association of...
By Staff reporter | Published: 26 March 2014
The Tobacco Industry and Marketing Board says more than 28 million kilogrammes of tobacco have been delivered to all the country's auction floors since the beginning of the marketing season, a 16 perc...
By Staff reporter | Published: 26 March 2014
ABC Holdings (ABCH) seeks $360 million to capacitate it to be lender-of-last-resort to its banking subsidiaries.This comes as last year the group secured $135 million in lines of credit out of which $...
By Staff reporter | Published: 26 March 2014
Newly appointed Reserve Bank of Zimbabwe governor John Mangudya must stick to central bank's advisory role to government and regulation of the financial sector, economists say. They said apart from fa...
By Staff reporter | Published: 26 March 2014
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
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
