Government plans to restructure the Industrial Development Corporation (IDC) as part of efforts to revive the country’s ailing industry. The corporation, wholly owned by government, plays a role of ...
By Staff reporter | Published: 20 January 2014
Fixed telecommunications operator, Telone will invest $90 million in new projects particularly in data, managing director Mrs Chipo Mtasa said.Mtasa said the money was part of the company's budget set...
By Staff reporter | Published: 20 January 2014
Econet Wireless Zimbabwe is under pressure to revise its position regards to the opening up of USSD gateway amid indications banks are planning not to transact with its banking unit Steward Bank on th...
By Staff reporter | Published: 20 January 2014
Econet Wireless Global has acquired the 8.6% in its subsidiary Liquid Telecom held by JSE listed technology company Altron. In a statement to the Johannesburg Stock Exchange (JSE), Altron, which ...
By Staff reporter | Published: 17 January 2014
Zimbabwe's deadline for the world's biggest platinum producers to submit plans for the construction of a refinery expired yesterday as it confirms its decision to ban raw exports of the metal by year ...
By Bloomberg | Published: 17 January 2014
Zimbabwe's output of tobacco this year may exceed 2013's harvest as the number of farmers registered to grow the leaves surged 32 percent, the head of the nation's marketing board said."Although we do...
By Bloomberg | Published: 17 January 2014
Six new Luxury Safari Suites were opened in December as a result of an increasing rate of tourist arrivals.Award winning AFRICA ALBIDA TOURISM (AAT) a hospitality group with hotels, lodges and restaur...
By Staff reporter | Published: 17 January 2014
The Deposit Protection Corporation says it will immediately pay all Trust Bank depositors a maximum insurable limit of $500 per depositor from the Deposit Protection Fund.This follows the appointment ...
By Staff reporter | Published: 17 January 2014
THE ZSE listed Willdale Limited has terminated its negotiations with a Chinese investor, the company has said.According to reports, the company planned to lease out its factory for five years as it in...
By Staff reporter | Published: 17 January 2014
Zimbabwe's second largest cooking oil refinery, United Refineries, says it is now looking to revive exports, which would increase its capacity utilisation.The company has a refining capacity of 8 000 ...
By Staff reporter | Published: 17 January 2014
STANDARD Chartered's private equity arm has taken a 13% stake in Botswana-listed supermarket chain Choppies Enterprises, hardly three months after the retail giant opened shop in Zimbabwe.Choppies Ent...
By Staff reporter | Published: 17 January 2014
ZIMBABWE Farmers' Union (ZFU) has called on the Grain Marketing Board (GMB) to come up with competitive maize producer prices to promote local farmers.In an interview yesterday, ZFU vice-president Ber...
By Business Reporter | Published: 17 January 2014
ZB Financial Holdings says plans to merge its bank and building society are at an advanced stage and the completion of the process is expected in the next few months.ZB Bank acting managing director, ...
By herald | Published: 17 January 2014
Listed beverages maker Delta Corporation (Delta) says its lager beer volumes remain depressed, slumping 25% if compared to the 2012 quarter and 15% for the nine months to December 2013.The brewer - ab...
By Staff reporter | Published: 16 January 2014
Ecobank Transnational Inc. and MasterCard, have announced a multi-country licensing agreement which will provide access to MasterCard's payment solutions for Ecobank's customers in a further 23 Afric...
By Staff reporter | Published: 16 January 2014
Finance Minister Patrick Chinamasa on Wednesday criticised local banks for failing to come up with innovative strategies to tap into the informal sector, which is now driving the economy.Addressing d...
By New Ziana | Published: 16 January 2014
Econet Wireless has opened up full Unstructured Supplementary Service Data (USSD) functionality for ZimSwitch mobile money transfer service, TechZim reported.According to TechZim, in the coming month...
By Staff reporter | Published: 16 January 2014
THE Industrial Development Corporation will seek Government approval to borrow $10 million to $15 million to recapitalise Chemplex Corporation's subsidiaries, Dorowa Minerals and ZimPhos. IDC, wholly ...
By Staff reporter | Published: 16 January 2014
BANKS continue to make the bulk of their income from fees and charges as opposed to the core business of lending money in what significantly eats into the banking public's hard earned cash. Acco...
By Staff reporter | Published: 16 January 2014
THERE has been slow up-take of the US60c mandatory offer share price ADC Mauritius made to ABC Holdings minorities when the former increased its stake above the threshold exempt from the compulsory of...
By Staff reporter | Published: 16 January 2014
ZIMBABWE Stock Exchange-listed alcoholic beverage maker, African Distillers (Afdis) majority shareholder, African Distillers Holdings, has increased its shareholding following the conclusion of a $5 m...
By Staff reporter | Published: 16 January 2014
Finance minister Patrick Chinamasa has attacked the banking sector, blaming some financial institutions of attempting to drive the economy on its knees since the adoption of multiple currencies five y...
By Staff reporter | Published: 16 January 2014
The Securities and Exchange Commission of Zimbabwe (SECZ) is planning to review the current minimum capital requirements for asset management firms, replacing them with a risk-based capital allocatio...
By Staff reporter | Published: 16 January 2014
THE Reserve Bank of Zimbabwe has lost its grip on asset management firms after the apex bank transferred its erstwhile supervisory role to the recently rebranded capital markets regulator.According t...
By Staff reporter | Published: 16 January 2014
The Reserve Bank of Zimbabwe must address the issue of mobile money services in the Monetary Policy Statement to be presented this month so that banks can easily access mobile networks platforms.Bank...
By bh24 | Published: 16 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
