Mining concern RioZim Limited risks losing its independent power producer's licence and the Sengwa coal concessions if it fails to make progress on its Gokwe North power project in the next six months...
By Staff reporter | Published: 31 January 2014
Zimbabwe's gold output marginally fell 2 percent last year after Government banned all mining activities along river banks in a bid to halt environmental degradation. Gold output declined to 12,66 ton...
By Staff reporter | Published: 31 January 2014
The Reserve Bank of Zimbabwe has advised banks that are struggling to meet the minimum capital requirements to downgrade and obtain deposit taking micro-finance licences. The central bank on Wednesday...
By Staff reporter | Published: 31 January 2014
Bank directors and shareholders who abuse depositors' funds risk prosecution and going to jail in terms of amendments proposed in the Banking Act, the Reserve Bank has said. Presenting the 2014 Moneta...
By Staff reporter | Published: 31 January 2014
RAINBOW Tourism Group (RTG) Limited has opened to the public the multi-million three-star Beitbridge Hotel leased to it by the National Social Security Authority (NSSA), a development expected to imp...
By Staff reporter | Published: 31 January 2014
GOLD production at Freda Rebecca Mine declined by 25 percent to 13,072 ounces in the last quarter of 2013 due to engineering down time and the annual shut down.Pan-African firm, Mwana Africa, which o...
By Staff reporter | Published: 30 January 2014
The Tobacco Industry and Marketing Board (TIMB) indicated that more than 87,000 growers have so far registered for the 2014 season."To date, about 87,281 growers have registered for the 2014 season co...
By Staff reporter | Published: 30 January 2014
ZIMBABWE has this year exported more than five million kilogrammes of tobacco valued at $22,3 million, data from the Tobacco Industry and Marketing Board (TIMB) show.TIMB indicated that as of January ...
By Staff reporter | Published: 30 January 2014
Interfin Bank Limited has found an investor who is willing to inject $50 million needed to recapitalize the ailing institution.Speaking after the Interfin Financial Services annual general meeting tod...
By Staff reporter | Published: 30 January 2014
MANUFACTURER Hunyani Holdings Ltd says it will no longer sell its subsidiary Softex Tissue Products (Pvt) Ltd. The disposal of Softex, which had initially been expected to have been concluded during t...
By Staff reporter | Published: 30 January 2014
TELECEL Zimbabwe is set to register over 60% of its subscribers on Telecash mobile money platform in the first six months of this year, a company official has said.Telecash is direct competition to Ec...
By Staff reporter | Published: 30 January 2014
The total banking deposits closed 2013 at $4,7 billion while loans and advances were at $3,7 billion, the central bank said yesterday. As at May 2013, total deposits stood at $3,7 billion down from $4...
By Staff reporter | Published: 30 January 2014
Zimbabwe's pig industry is in dire straits due to a combination of factors such as high costs of feed, depressed demand due to low consumer spending and low producer price. The industry has over the p...
By Staff reporter | Published: 30 January 2014
Econet Wireless Zimbabwe has said it is willing to deal with individual financial institutions only with regards to the opening up of the USSD gateway. Econet was under pressure to revise its position...
By Staff reporter | Published: 30 January 2014
Banks now have to justify and obtain approval from the Reserve Bank of Zimbabwe before effecting increases on charges and lending rates. Presenting the 2014 Monetary Policy Statement acting RBZ Govern...
By Staff reporter | Published: 30 January 2014
Local equipment distribution company Westia Group last week signed a memorandum of understanding with the Small Enterprises Development Corporation that will see beneficiaries' access equipment on cre...
By Staff reporter | Published: 30 January 2014
The government has introduced a range of additional licensing costs for privately owned telecoms companies in the country after missing its revenue targets for 2013 by 6%, local news agency IT Web New...
By TeleGeography | Published: 29 January 2014
Telecel today launched its electronic wallet service, telecash, which allows mobile phones to be used to send money to anyone with a mobile phone, regardless of network, and pay for groceries, bills, ...
By Staff reporter | Published: 29 January 2014
Canadian based firm Caledonia Mining Corporation has complied with Government's directive for local mines to sell their gold to Fidelity Printers in a bid to stop the export of unprocessed gold.In a s...
By Staff reporter | Published: 29 January 2014
Willowvale Mazda Motor Industries (WMMI) will soon return to its original business model of assembling different types of cars in an effort to revive its waning fortunes, an official has said.WMMI, wh...
By New Ziana | Published: 29 January 2014
Phoenix Consolidated Industries Limited is considering delisting from the Zimbabwe stock exchange as part of the company's turnaround strategy. In a report presented to creditors at the High court thi...
By Staff reporter | Published: 29 January 2014
Just over 20 banking institutions currently on the ZimSwitch platform have partnered Zimbabwe's second largest mobile phone operator, Telecel, in launching a mobile money service as Zimbabwe pushes fo...
By Staff reporter | Published: 29 January 2014
Rouqui Investments, a company with diverse business interests is at an advanced stage of building a blanket factory in Beitbridge at a cost of $23 million, Roy Muleya, a director of the company said i...
By Staff reporter | Published: 29 January 2014
Foreign-owned bank Standard Chartered Zimbabwe has ordered the Industrial Development Corporation to close its bank account with the institution next month as part of widespread Western-backed sanctio...
By Staff reporter | Published: 29 January 2014
Metallon Gold Zimbabwe says it will not shut down Arcturus Mine despite persistent losses due to low ore grade and falling gold prices. Head of corporate affairs Zenzo Nsimbi said Arcturus Mine was cl...
By Staff reporter | Published: 29 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
