GOVERNMENT says it has engaged the Development Bank of Southern Africa (DBSA) to provide $450 million for the rehabilitation of railways and procurement of rolling stock as a way of addressing some of...
SMALL-scale miners have called on the government to come up with policies that promote their activities to boost mineral production in the country.In an interview, Zimbabwe Artisanal and Small-scale ...
PG INDUSTRIES shareholders last Friday approved yet another capital raise coupled with a corporate restructure which is expected to turnaround the fortunes of the firms which has over the years seen a...
Total credit to the private sector declined 2.3% to $3.56 billion in January from $3.65 billion in December with 84% of that amount going towards loans and advances. According to the Reserve Bank of Z...
CAPS Holdings executive chairman Mr Fred Mutanda has made sensational claims that the Reserve Bank of Zimbabwe collapsed the operations of CAPS Pharmaceuticals after ordering delivery of "all stocks ...
SUPPLIERS of telecommunications concern Econet Wireless are up in arms over a recent directive compelling them to open accounts with the mobile phone operator's bank, Steward Bank, businessdigest repo...
Government would rather halt all diamond mining in Marange than let firms operating there continue fleecing the country of millions of United States dollars through understating the real value of the ...
QV Pharmacies has appealed to the High Court to overturn an order placing it under provisional judicial management arguing the order was "clandestinely" obtained. Mr Winsley Militala of Petwin E...
Ginners and farmer organisations have opened negotiations for viable cotton prices to lure back farmers who had abandoned the crop.Most cotton farmers abandoned the crop because of poor prices and are...
Tsingshan Iron and Steel Group of China is planning to establish an integrated stainless steel manufacturing plant in Zimbabwe, which will incentivise the company's involvement in infrastructure refur...
EcoBank Zimbabwe Limited has recorded a $2,4 million profit before tax for the year ended 31 December 2013, a 220 percent rise from last year`s figure of $0.75million.The group's financial statement f...
Chemco minority shareholders approved the proposal for TSL to take full control of the agro chemicals business during an EGM held this morning.The shareholders passed all the resolutions namely; incre...
Fidelity Life will focus on the development of Southview Park in FY14 with proceeds from stand sales expected to drive the group's profitability to an estimated $30 million, MD Simon Chapereka told an...
The protracted industrial action by mine workers in South Africa, the world's largest producer of platinum, could result in an upturn of platinum prices, the local mines body has said.Chamber of Mines...
Zimbabwe's total gold earnings slumped 20 percent to $626 million last year from $783 million realised in 2012, latest Chamber of Mines (CoM) figures reveal.This comes as escalating production costs, ...
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has revealed that NetOne's operating licence is not due for renewal this year, insisting the company still has three years o...
Fidelity Life Assurance has anchored its growth on Southview Park, a property development project, confident it will deliver a $30 million windfall if all the 5 974 stands are sold. Southview Pa...
The National Social Security Authority is racing against time in its bid to regularise the Rainbow Tourism Group Beitbridge hotel by next Friday, a deadline by which its temporary permit expires. The ...
The Government will utilise the convergence of information communication technology experts in the country to finalise the draft ICT policy, a Cabinet Minister said on Tuesday.About 30 companies are e...
Cooking oil manufacturer Surface Investments has devised a new mechanism for funding contract farming that prevents side marketing, an official said on Tuesday.Surface chairman Narottam Somani told Ne...
Rio Tinto Plc, which has a 78 percent interest in the Murowa Diamond Mine near Zvishavane, has announced changes to its board.Anne Lauvergeon and Simon Thompson will join the boards of Rio Tinto plc a...
Tobacco prices in Zimbabwe, which relies on the crop as its biggest agricultural export earner, fell 16 percent from a year earlier, according to the Tobacco Industry and Marketing Board.Leaf prices ...
Zimbabwe property owners have decided to convert office space in cities to retail outlets in a bid to stay afloat, according to Africa Report.The report says that the property owners have been realisi...
TSL Limited group Chief Executive Washington Matsaira told the AGM this afternoon that they are confident that they will continue to deliver a steady growth as they keep working to mitigate the impac...
THE Bankers' Association of Zimbabwe (BAZ) said there is need to set up a Special Purpose Vehicle (SPV) to address the issue of increased non-performing loans (NPLs).Addressing the Parliamentary Portf...