Afdis reported a reasonable set of results showing 11% growth in turnover to $18.4m on the back of a favourable sales mix which positively impacted trading margins. Nonetheless, sales volume declined ...
By Staff reporter | Published: 13 February 2014
Excavation works for a new runway and compaction for foundation for a new terminal building at the Victoria Falls International Airport are now complete as the $150 million expansion project takes sha...
By Staff reporter | Published: 13 February 2014
THE National Railways of Zimbabwe (NRZ) plans to sell more than 30,000 tonnes of scrap metal to raise working capital.Speaking during a tour of NRZ facilities in Bulawayo organised by the Zimbabwe Nat...
By Staff reporter | Published: 13 February 2014
SUSPENDED Air Zimbabwe company secretary and acting managing director Grace Pfumbidzayi was yesterday picked up by the police CID Serious Frauds Squad on six charges of fraud involving $7 million in r...
By Staff reporter | Published: 13 February 2014
THE High Court has ordered Interfin Securities to return to Remo Investment Brokers share certificates it lodged with different firms as security for a loan, within three days, failure of which the De...
By Staff reporter | Published: 13 February 2014
MULTICHOICE'S Digital Terrestrial Television (DTT) GOtv has been scrambled placing local viewers in panic mode.GOtv has not been broadcasting since the beginning of this month.The failure by the servi...
By Staff reporter | Published: 13 February 2014
OK Zimbabwe has opened a world class technology shop hosting Zimbabwean technological players with all mobile network operators and VoIP operators sharing the same roof to reach out to the new cliente...
By Staff reporter | Published: 13 February 2014
Barclays Bank Zimbabwe's net interest income increased by 61% to $12.31 million while non-funded income went down by 9% to $27.19 million which reflects the effects of the capped charges on fees and c...
By Staff reporter | Published: 12 February 2014
Barclays Bank Zimbabwe grew its loan book by 26% in the full year ended 31 December 2013 and will focus on increasing the level of lending in 2014, MD George Guvamatanga told an analyst briefing yeste...
By Staff reporter | Published: 12 February 2014
Government has dismissed claims that Essar Africa Holdings is delaying works to reopen Ziscosteel which has been renamed New Zimbabwe Steel because of power shortages currently being experienced in th...
By Staff reporter | Published: 12 February 2014
The sale of TN Bank to Econet Wireless in February 2013 generated frenzied speculation. It was claimed then, that Tawanda Nyambirai, the CEO of Lifestyle Holdings had fallen out with Strive Masiyiwa, ...
By Staff reporter | Published: 12 February 2014
Luxon Zembe has been ousted as CBZ Holdings Limited (CBZ) chairman in a
development possibly related to the fallout of the Premier Service
Medical Aid Society (Psmas) salaries debacle.As the busines...
By Staff reporter | Published: 12 February 2014
Top management at the Grain Marketing Board (GMB) has been fingered in a looting spree as the company struggles to service a $108 million maize import debt.Documentary evidence in possession of the Da...
By Staff reporter | Published: 12 February 2014
Corruption-embattled national flag carrier's board
has been dissolved with immediate effect together with other four boards
falling under the Ministry of Transport and Infrastructure Development.&nb...
By Staff reporter | Published: 12 February 2014
Stanbic Bank's parent company, Standard Bank group, Africa's largest lender by assets, has been named the winner of Best Foreign Exchange Provider in Africa 2014 for a second successive year. Standar...
By Staff reporter | Published: 12 February 2014
The re-opening of NewZim Steel - formerly Ziscosteel - has been postponed due to extensive refurbishments taking place at the plant, Industry minister Mike Bimha has said. Bimha, who could not give sp...
By Staff reporter | Published: 12 February 2014
Econet Wireless has reignited its protracted hostility with fierce rival Telecel Zimbabwe after barring its agents from doubling up as agents for rival mobile money transfer service, telecash. This fo...
By Staff reporter | Published: 12 February 2014
Finance and Economic Development Minister Patrick Chinamasa, his deputy Dr S Undenge and the Acting RBZ Governor DR CL Dhliwayo today 11 February toured Fidelity Printers and refineries, the largest s...
By Staff reporter | Published: 11 February 2014
Agents handling mobile money transactions for Econet, Telecel Zimbabwe and NetOne in Zimbabwe have formed an association to advance their interests and lobby for inclusion in policy making.The Mobile ...
By Business reporter | Published: 11 February 2014
A South African-based businessman's bid to sue Net-One and a Chinese telecommunications equipment producer, over a $200 million network upgrade tender, which he claimed was corruptly awarded to the la...
By Staff reporter | Published: 11 February 2014
AfrAsia (Zimbabwe) Bank Limited is forging ahead with plans to claim a spot among the top five banks in the country.Late last year Mauritian banking group AfrAsia Bank Limited (ABL) CEO James Benoit s...
By Staff reporter | Published: 11 February 2014
The Zimbabwe National Road Administration has resumed disbursing funds directly to local authorities, with at least $1,7 million in road maintenance funds earmarked for urban and rural councils in the...
By Staff reporter | Published: 11 February 2014
Zimbabwe's readmission on the London Bullion marketing association could be a reality by October this year following revelations that Fidelity Printers and Refiners are collecting just under a tonne o...
By Rumbidzayi Zinyuke | Published: 11 February 2014
The government has directed the Deposit Protection Corporation (DPC) to implement new regulations aimed at rescuing depositors from losing savings after the closure of a bank.The new banking regulatio...
By Staff reporter | Published: 11 February 2014
The Africa Export Import Bank (Afreximbank) says it has finalised a $100 million facility with the government to revive the interbank trading system next month.In a development that is expected to eas...
By Staff reporter | Published: 11 February 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
