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...
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...
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, ...
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...
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...
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...
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...
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...
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...
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...
Zimbabwe's platinum mining sector could benefit from an indefinite strike embarked upon by South Africa's platinum mine workers through increased global platinum prices due to reduced market supply, a...
Zimbabwe's mining royalties slumped by 45 percent to $133,7 million against a target of $245 million in the full year to December 2013, casting further doubt on the country's 2014 economic projections...
THE Supreme Court has ordered Mr Johannes Tomana, the Prosecutor - General, to issue a certificate to privately prosecute Telecel shareholder Jane Mutasa within five days on charges of swindling the m...
Imara Edwards Securities released its Zimbabwe macroeconomic report 2013 review and 2014 outlook.A sweet spot for the ZSE in 2013After a largely indifferent year in 2012 the ZSE industrial index repor...
The three auction floors licensed to sell tobacco this year have almost completed preparations for the marketing season which starts on February 19. The Tobacco Industry Marketing Board has licenced B...
Zimbabwe Stock Exchange listed conglomerate, AICO Africa Limited's rights offer to raise $15 million was subscribed by 94,57 percent paving the way for the company to address its legacy debt and ultim...
The Zimbabwe Mining Development Corporation is seeking a strategic partner to help raise $15 million for the resuscitation of its Jena gold mines in the Midlands region. According to a project documen...
The industrial Development Corporation plans to merge two of its subsidiaries, Olivine industries and Surface Investments in order to attract investment for the revival of the companies.Addressing the...
The Antwerp Diamond World Centre (AWDC) said on Tuesday it is pinning its long term survival on Zimbabwe, a a key emerging producer in the world, the New Ziana reported.The Belgium based AWDC, which c...
Mining companies appear to be now toeing the line regarding Government's steadfast position on the urgent need to optimise benefits from minerals through beneficiation and have started backing their c...
Zimbabwe will enforce the "use-it-or-lose-it" principle with respect to mining companies' land, according to a copy of the Finance Bill 2014 obtained by Bloomberg News. Any unworked land will be trans...
Mimosa production was stable and costs reduced further, in line with management's expectations. Unfortunately Mimosa does not benefit from a weakening currency and hence the lower Dollar metal prices ...
Aquarius Platinum Limited, the world's fourth-largest platinum miner, which jointly own Mimosa Platinum with Implats said proposed tax changes and regulatory uncertainty in Zimbabwe had impacted its a...
Zimbabwe will account for over a quarter of the world diamond output in the next decade following the success of its first auction, the leading hub for rough diamond trade said on Monday. Zimbabwe hel...
State-owned national carrier Air Zimbabwe reportedly failed to resume flights to London last November amid reports that are airline has a $3 million outstanding debt for airport, navigation fees and c...
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