INTERNATIONAL money transfers received by money transfer agencies (MTAs) and formal banking channels declined by 15% to $1,8 billion last year due to a rise in remittances sent via informal channels.P...
By Staff reporter | Published: 04 February 2014
ZIMBABWE'S largest mobile phone operator by subscription Econet Wireless has registered over 3,5 million subscribers on its EcoCash mobile money platform, a company executive has said.He said the mob...
By Staff reporter | Published: 04 February 2014
The Zimbabwe Fertiliser Company has finally taken delivery of its 12 500 tonnes of ammonium nitrate fertiliser valued at about $7.5 million caught up in congestion at Beira port since December last ye...
By Staff reporter | Published: 04 February 2014
THE number of companies using EcoCash to pay their workers has risen dramatically because of the liquidity problems facing some banks.Econet executives responsible for EcoCash said they had seen a s...
By Staff reporter | Published: 04 February 2014
THE National Social Security Authority's $22 million state of the art hotel in the border town of Beitbridge is now open. The project which was funded by NSSA and constructed as part Government's Nati...
By Staff reporter | Published: 04 February 2014
ZSE listed financial institution, NMB Bank, managed to raise $4 million during the floatation of the first tranche of its two-year $50 million mortgage-backed Small to Medium Enterprises bond issue wh...
By Staff reporter | Published: 04 February 2014
Eight countries in Southern Africa have earned a position among the top 20 "most exciting African mineral jurisdictions".According to an investment guide released on Monday, they are South Africa, Zim...
By Sapa | Published: 03 February 2014
TSL Limited profit rose to $6,8 million for the year ended October 31, 2013 driven by new initiatives that the group embarked on during the period under review.The group's profit stood at $4,9 million...
By Business Reporter | Published: 03 February 2014
Platinum producer Zimplats says Zimra has granted it a reduction in the penalty in its tax dispute from 8% to 5% of principal tax. "The tax authorities have responded to the objection lodged by the c...
By Staff reporter | Published: 03 February 2014
Zimplats revenue decreased by 13% from the previous quarter impacted by lower sales volumes and a reduction in metal prices. Consequently, an operating profit of $20.6 million was realised, 48% lower ...
By Staff reporter | Published: 03 February 2014
The Securities and Exchange Commission of Zimbabwe will this week begin an inspection exercise of asset management companies with a view towards ensuring compliance in presenting audited results. SEC...
By Staff reporter | Published: 03 February 2014
The RBZ has urged financial institutions to provide cheap lines of credit to Small and Medium Enterprises (SMEs) in order to aid their growth.The SMEs sector has been struggling to take off as it face...
By Staff reporter | Published: 03 February 2014
Astra Industries is now focusing on expanding both its local and regional operations after regulatory authorities approved a deal to have local and foreign investors take over the Reserve Bank of Zimb...
By Business Reporter | Published: 03 February 2014
A massive restructuring exercise is looming at the Zimbabwe Mining Development Corporation as government moves in to sanitise the entity which has been sitting on thousands of mining claims countrywid...
By Staff reporter | Published: 03 February 2014
Zimbabwe's hotels will become uncompetitive while recent improvements in tourist arrivals may be reversed if government's plan to extend value added tax to non-residents goes through, industry players...
By Staff reporter | Published: 03 February 2014
Gold mining companies are lobbying Government for a reduction in the rate of royalty and power tariffs applicable to the sector to avoid potential collapse of mines and loss of jobs. Apart from reduct...
By Staff reporter | Published: 03 February 2014
Government will not allocate new mining claims to companies extracting diamonds in Marange when they exhaust their present concessions. Some mining firms in the area recently asked Mines and Mining D...
By Staff reporter | Published: 03 February 2014
One of Zimbabwe's leading pharmaceutical companies, QV Pharmacy has been placed under provisional judicial management.High Court judge, Justice Charles Hungwe granted the provisional order and placed ...
By Staff reporter | Published: 31 January 2014
Willdale Limited reported an improved operating result as turnover grew 25% mainly driven by a 27% increase in volumes sold. The growth is sales volume was on the back of improved brick availability a...
By Staff reporter | Published: 31 January 2014
TSL is looking to broaden its participation in agriculture beyond tobacco through growing other crops in a structured way, CE Washington Matsaira told analysts at a briefing to present FY13 financial ...
By Staff reporter | Published: 31 January 2014
The Reserve Bank of Zimbabwe published a notice on the change of name of Kingdom Bank Limited in terms of Section 22 (6) of the Banking Act to AfrAsia Bank Zimbabwe Limited and shall be known as such...
By Staff reporter | Published: 31 January 2014
Mines and Mining Development minister Walter Chidhakwa yesterday said Zimbabwe still had diamonds, but will not issue new claims to mining firms that only wanted to rely on alluvial gems in Marange.Ch...
By Staff reporter | Published: 31 January 2014
Diamonds from Marange will soon be sold in China and the United Arab Emirates as Government seeks to maximise revenue from the precious stone, Finance Minister Patrick Chinamasa has said. Addressing t...
By Staff reporter | Published: 31 January 2014
Diversified group, TN Lifestyle Holdings, has announced plans to close over 10 outlets by end of next month as the group scales down operations to reduce operational costs, the company has said. Accor...
By Staff reporter | Published: 31 January 2014
Delisted food processing firm Cairns Holding has received the regulatory approval paving way for a South Africa-based investor to inject $30 million to boost output, NewsDay Business reported. A sourc...
By Staff reporter | Published: 31 January 2014
Mnangagwa to officiate at Mine Entra 
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
