FBC Holdings Limited (FBCH)'s mortgage subsidiary is targeting $5 million-plus from its international financiers to expand its housing projects next year as it seeks to continue impacting on Zimbabwe'...
By Staff reporter | Published: 12 December 2013
Celsys Limited released a depressed set of results recording an attributable loss of $0.6m. Administrative expenses decreased by 15% while labour costs continue to burden the company increasing by 9% ...
By Staff reporter | Published: 12 December 2013
THE country's property sector is not likely to experience significant growth in 2014 as default rates and the amount of voids continue to rise unabated. Default rates have remained as high as 50 to ...
By Staff reporter | Published: 12 December 2013
Fifteen thousand first time home - seekers are set to benefit from Old Mutual's housing developments across the country in the next five years.The insurance giant has set aside $62 million towards fun...
By Staff reporter | Published: 12 December 2013
ECONET Wireless Zimbabwe walked away with four prestigious awards at the Marketers Association of Zimbabwe 2013, Super Brand annual awards plus the prestigious overall business Super- brand 2013 award...
By Business reporter | Published: 12 December 2013
INDIGENOUS voices have raised eyebrows over the $260 million mining contract between Hwange Colliery Company Ltd and a Portuguese firm, Mota-Engil saying that it lacks moral wisdom. Concern has been r...
By Business Reporter | Published: 12 December 2013
ECONET Wireless continues to sweat its mobile phone network infrastructure to spread tentacles deeper into the provision of banking services by rolling out a number of cellular-based products. While p...
By Business Reporter | Published: 12 December 2013
THE 300-megawatt Kariba South Hydro Power Station expansion project is expected to start in the first quarter of 2014. The Zimbabwe Power Company (ZPC) said designs for the project were already under...
By Business Reporter | Published: 12 December 2013
THE agriculture sector requires at least $500 million to stimulate productivity and guarantee food security in the country, the Zimbabwe Commercial Farmers' Union (ZCFU) immediate past president, Don...
By Business Reporter | Published: 12 December 2013
Freda Rebecca gold mine's revenue for the six months to September declined 36% to $43.6 million from $59.7 million after mine production declined 11.2% to 32,252oz of gold compared to 36,335oz produc...
By Staff reporter | Published: 11 December 2013
Bindura Nickel's revenue for the six months to September amounted to $21.4 million after the mine sold 2,191t of nickel concentrate according to unaudited results for the interim period published by p...
By Staff reporter | Published: 11 December 2013
ZIMBABWE has extensive potential to become the world's leading producer of platinum, on the basis of an improved performance in its macro operating environment.CPM Group platinum analyst Erica Rannest...
By Staff reporter | Published: 11 December 2013
ZIMBABWE plans to construct three solar-powered plants in the west of the country at a cost of $540-million in a bid to ease electricity shortages in the country, an official with the state power comp...
By Reuters | Published: 11 December 2013
THE Securities and Exchange Commission of Zimbabwe (SECZIM) has called upon asset managers and Collective Investment Schemes to regularise their licensing with the body.This follows SECZIM's recent en...
By Staff reporter | Published: 11 December 2013
Closed Bulawayo based textile firm, Merlin, requires a minimum capital injection of $1,2 million to survive insolvency, the company's judicial manager has said.The firm was placed under provisional j...
By New Ziana | Published: 11 December 2013
Zimbabwe's auction today of 300 000 carats of diamonds in the European Union will bring greater transparency in the country's diamond sector.The sale is Zimbabwe's first ever in Antwerp. The Antwerp ...
By BH24-Skynews | Published: 11 December 2013
CHINA Africa Sunlight Energy Private Limited (Caseco) is finalising the $1,3 billion loan coming from Export-Import Bank of China that will see the mining company commencing integrated coal mining an...
By Business Reporter | Published: 11 December 2013
THE National Railways of Zimbabwe (NRZ) has engaged an international auditing firm to craft a turnaround strategy for the loss-making parastatal.NRZ public relations manager Fanuel Masikati said the s...
By Business Reporter | Published: 11 December 2013
CUT-THROAT competition in the dairy processing industry has forced local players to submit a paper to the government proposing to be shielded from the influx of cheap products.Currently the industry ...
By Staff reporter | Published: 11 December 2013
ZIMBABWE'S indigenous banks have fallen on hard times as many of them are struggling to pay depositors, a situation which heightened yesterday as evidenced by chaotic scenes at most banking halls in H...
By Staff reporter | Published: 11 December 2013
THE Zimbabwe Youth Development Trust's initiative to form a youth bank that will provide financial solutions to the informal market has hit a snag as the trust's application for mineral concessions is...
By Business Reporter | Published: 11 December 2013
ZIMPOST has invested $2 million purchasing five postal buses to combine the functions of public transport and mail delivery or collection, an official has said. The post-bus concept has been in existe...
By Staff reporter | Published: 11 December 2013
RAW milk production in Zimbabwe increased slightly to 4,58 million litres in October from 4,57 million the previous month, figures released by the Dairy Services Department in the Ministry of Agricult...
By Staff reporter | Published: 11 December 2013
Management at the Gweru glass manufacturing company, Zimglass, was held hostage for the greater part of Monday as employees protested over unpaid salaries.The company reportedly owes workers three mon...
By Staff reporter | Published: 11 December 2013
Anjin Investments has retrenched at least 950 workers out of close to 1 800 people since it started operations in 2010.About 190 of the remaining 845 workers still face the chop as the company targets...
By Staff reporter | Published: 11 December 2013
Mohadi in Angola to honour fallen heros 
'ANC of Ramaphosa on the verge of collapse' 
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
