Air Zimbabwe (Private) Limited was prejudiced of €5 895 695,49 and $1 298 827,88 - totalling around $11 million - in a 4-year aviation insurance scam involving top management at the airline, a...
By Staff reporter | Published: 27 January 2014
Competition in the fast food retail business is intensifying as established brands aggressively roll out branch network expansion projects. New players in the fast food business are adopting innovativ...
By Staff reporter | Published: 27 January 2014
A legal tussle is looming after the provisional liquidator of Trust Bank Corporation called on depositors to fill claim forms despite a High Court reprieve given to Trust to submit an opposing affidav...
By Staff reporter | Published: 27 January 2014
Electricity users on the pre-paid platform will continue to endure the inconvenience of purchasing their units at a few local outlets as the tender to choose aggregators to retail them was recently ca...
By Staff reporter | Published: 27 January 2014
Government has said that of the 7 diamond mines in Chiadzwa, only Mbada Diamonds has actively invested in capital-intensive equipment that is meant to exploit underground resources. Most of the mines ...
By Staff reporter | Published: 27 January 2014
Government has warned that it will impose stiff penalties on diamond firms that fail to meet this Thursday's deadline of establishing diamond cleaning facilities. This comes ahead of the second sale o...
By Staff reporter | Published: 27 January 2014
Innscor Africa Limited has dispelled claims that it wants to relocate to Mauritius where the company has been in operation for over 16 years. Innscor group chief executive officer John Koumides told j...
By Staff reporter | Published: 27 January 2014
One of Zimbabwe's major bakeries, Lobels Bread Holdings, has seen bread production at its Harare plant going up 20% to 250 000 loaves a day after the successful installation of $5.8 million semi-autom...
By Staff reporter | Published: 27 January 2014
Zimbabwe intends to establish a Statutory Reserve Fund to be administered by the Reserve Bank and government may borrow from the fund for infrastructural development. The statutory reserve fund will b...
By Staff reporter | Published: 27 January 2014
A CHINESE backed company, Zimbabwe Zhongxin, intends to build a cement plant in Masvingo at an estimated cost of $50 million, a source familiar with the deal said.The company initially wanted to cons...
By Staff reporter | Published: 27 January 2014
Government wants only one company to mine diamonds in Chiadzwa as it takes practical steps to improve accountability and transparency in the sector. The State is already auditing the seven firms minin...
By Staff reporter | Published: 27 January 2014
Government's delay in expeditiously resolving disputes is threatening gold production among small-scale miners in Shamva where more than 500 youths are employed in the sector. In an interview during a...
By Staff reporter | Published: 27 January 2014
Cigarette maker British American Tobacco (BAT) has denied allegations that it is working out an exit plan from Zimbabwe.This follows reports in the media that the conglomerate is divesting from Zimbab...
By Staff reporter | Published: 24 January 2014
CHAMPIONS Insurance will, in partnership with Doves Funeral Assurance, offer funeral cover as an extension of its comprehensive insurance cover.Champions Insurance marketing executive Tapiwa Kahiya sa...
By Staff reporter | Published: 24 January 2014
At the scheme meeting held today, Friday 24 January 2014, a decision was made to postpone the Scheme of Arrangement to restructure the Company's liabilities to banks and other creditors.The Scheme of...
By Staff reporter | Published: 24 January 2014
ART Holdings Limited announced the appointment of Mr. Moses Chundu as a Non-Executive Director with effect from 1 January 2014. Mr. Chundu is a holder of an MSc Economics and BSc Economics (Hon) degre...
By Staff reporter | Published: 24 January 2014
Innscor Africa Limited's shareholders approved the company's Indigenisation Implementation Plan at an EGM held earlier today.Group Chief Executive John Koumides told the meeting that in order for the ...
By Staff reporter | Published: 24 January 2014
Distressd Gulliver Consolidated Limited (Gulliver) seeks investors to help turn around its waning fortunes.The industrial and engineering group - delisted from the Zimbabwe Stock Exchange in July last...
By Staff reporter | Published: 24 January 2014
The People's Republic of China is the best export destination for Zimbabwean tobacco for the fourth year running. Tobacco exports to China increased by 10% to 60.3 million kg last year while its marke...
By Staff reporter | Published: 24 January 2014
Government is drafting a Statutory Instrument (SI) to guide contract farming and encourages farmers to switch to the arrangement.Farmers are in a dilemma due to lack of funding.Agriculture, Mechanisat...
By Staff reporter | Published: 24 January 2014
LOCAL beverages manufacturer Schweppes Zimbabwe plans to export some of its products into the Southern African Development Community. Schweppes marketing and public affairs executive Ms Unaiswi Nleya ...
By Business Reporter | Published: 24 January 2014
NO individuals shall hold more than 10 percent shareholding in a banking institution or it's controlling company, according to proposed draft amendments to the Banking Act. Currently, the limitation o...
By Staff reporter | Published: 24 January 2014
SUGAR processor Starafrica corporation says it will resume sugar refining operations in Harare in May this year after the commissioning of its Gold Star Sugar Harare plant.In a statement, the firm sai...
By Staff reporter | Published: 23 January 2014
The lack of affordable mortgage finance has made properties in Zimbabwe more expensive than most countries in the region exacerbated by high country risk, the Estate Agents Council of Zimbabwe says.EA...
By Staff reporter | Published: 23 January 2014
ZIMBABWE'S Internet connectivity continues to soar with latest statistics from the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) indicating a significant increase in the mont...
By Staff reporter | Published: 23 January 2014
Chiwenga takes fresh swipe at Wicknell Chivayo 
Mnangagwa delivers stark warning 
Goodyear shutters multiple global plants 
ZSE pushes for another equities tax cut to boost selloffs 
Zimbabwe's forex receipts jump 23% 
Banks to report on rural financial literacy outreach 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
