Government is probing Air Zimbabwe's leasing of an Embraer 50-seat plane, amid fears the embattled airline has lost millions of dollars through a huge fixed monthly rental for the jet.Impeccable sourc...
By Richard Chidza | Published: 03 March 2014
The Reserve Bank of Zimbabwe has barred mobile money agents from entering into exclusive agreements with individual mobile cash payment system operators, saying the move was meant to curb monopolies i...
By Staff reporter | Published: 03 March 2014
The National Railways of Zimbabwe plans to set up two manufacturing plants in Bulawayo at a combined cost of $14 million to revive its comatose operations laid low by debt, undercapitalisation and mis...
By Staff reporter | Published: 03 March 2014
The African Development Bank (AfDB) is set to strengthen its foothold in Zimbabwe by constructing its offices in the country.The regional financier's Zimbabwe Field Office, which is currently housed ...
By Staff reporter | Published: 03 March 2014
AfriAsia Zimbabwe Holdings posted a profit of $174 862 for the half year ended 31 December 2013. This was a 91 percent decline from the prior comparable profit of $1,9 million.The figures in the stat...
By Staff reporter | Published: 03 March 2014
Profits of Impala Platinum Holdings-owned Zimplats jumped 237% to R246m for the interim period to February 2014.As a result, Zimplats contributed 28.6% to Impala’s total profits.Impala CEO Terence ...
By fin24 | Published: 03 March 2014
Mashonaland Holdings' 4 months to January 2014 revenue declined by 4% to $2.5 million, CE Manfred Mahari told the AGM earlier today.However, he said this was 9% ahead of financial plan of $2.3 millio...
By Staff reporter | Published: 03 March 2014
CBZ Holdings recorded write off totalling $32 million for the year ended 31 December 2013 as the firm continues to mobilise long term funding, CEO John Mangudya told an analyst briefing yesterday.The...
By Staff reporter | Published: 03 March 2014
Zimplats Holdings grew its revenue by 51% to $267 million from the same period last year due to a 62% increase in platinum sales volume from 70 225 ounces to 113 876 ounces. The impact of the increase...
By Staff reporter | Published: 27 February 2014
Public Service minister Nicholas Goche yesterday admitted before Parliament that management at the National Social Security Authority had made some imprudent investments using public funds. Goche made...
By Staff reporter | Published: 27 February 2014
ROAD MOTOR SERVICES (RMS) has failed to pay its workforce their salaries for the past four months as it emerges the company continues to battle a tight liquidity crunch blamed on the prevailing harsh ...
By Staff reporter | Published: 27 February 2014
The government will offload 49% of its holdings in the Agricultural Development Bank of Zimbabwe (Agribank) by year-end through privatisation to recapitalise the institution which urgently requires a ...
By Staff reporter | Published: 27 February 2014
CBZ Holdings Limited (CBZ) has recorded a profit after tax of $36, 7 million for the year to December 31, 2013 despite the economic challenges facing the country.Due to the group's prudence in provid...
By Staff reporter | Published: 27 February 2014
THE National Railways of Zimbabwe is negotiating with a financial institution for the funding of a railway rehabilitation programme, Minister of Transport Obert Mpofu said.In addition, the NRZ may com...
By Business Reporter | Published: 27 February 2014
Powerspeed's turnover in the four months to January was up 9 percent against the same period last year. Gross profit was up 19 percent but there was a 4 percent increase in expenses due to the branch ...
By Staff reporter | Published: 27 February 2014
Listed cement manufacturer, Lafarge Cement is looking at investing $20 million towards the rehabilitation of its cement manufacturing plant in order to boost its volumes.The cement manufacturing compa...
By Staff reporter | Published: 27 February 2014
The High Court has deferred to tomorrow the ruling on the urgency of a case in which South African-based businessman Mr Mutumwa Mawere wants the court to decide whether Shabanie Mashava Mines i...
By Staff reporter | Published: 27 February 2014
CBZ Holdings is set to issue a record $200 million Diaspora bond in April to be guaranteed by the African Export and Import Bank to replace the current $68 million bond which expires the same month. T...
By Staff reporter | Published: 27 February 2014
Allied Timbers Holdings has closed its Botswana business due to the fall in demand of roofing timber material in that country and has instead set sights on the Zambian market, a senior official said y...
By Staff reporter | Published: 27 February 2014
Tobacco auction floors in Karoi opened for trading on Monday, two weeks after the opening of the national selling season, with about 800 bales going under the hammer for prices generally welcomed by f...
By Staff reporter | Published: 27 February 2014
Old Mutual, will for the second successive year, be a major sponsor of the Harare International Festival of Arts (HIFA).The sponsorship will see the final and most popular day of HIFA named as Old Mut...
By Staff reporter | Published: 26 February 2014
Government has set a preliminary maize production target of between 1,6 million metric tonnes to 1,8 million metric tonnes following a good rainfall season.The permanent secretary in the Ministry of L...
By Staff reporter | Published: 26 February 2014
Zimbabwe's sole yeast manufacture, Anchor Holdings limited is seeking $4.5 million from the government to retool its manufacturing plant in Gweru. The absence of the latest technology at the plant and...
By Staff reporter | Published: 26 February 2014
Government intends to create a special purpose vehicle (SPV) that will assume the Reserve Bank of Zimbabwe’s debt estimated at $1.35 billion outside the central bank's books. Finance and Economic De...
By Staff reporter | Published: 26 February 2014
Renaissance Financial Holdings has implored the Reserve Bank of Zimbabwe to stop the National Social Security Authority from liquidating Capital Bank Limited saying the State-owned institution is not ...
By Staff reporter | Published: 26 February 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
