First Element Bvba will hold the first tender of diamonds from Zimbabwe in Antwerp later this week.The tender includes goods from Marange Resources, Zimbabwe Diamond Mining Company (ZDMC), Anjin Inves...
By IDEX Online News | Published: 10 December 2013
TELECEL Zimbabwe chief executive John Swaim is alleged to be conducting his duties from a foreign base after failing to obtain a work permit, sources said yesterday.Swaim's application for a work per...
By Staff reporter | Published: 10 December 2013
LOCAL manufacturing firms and mining companies are incurring as much as $8 in costs for every kilowatt hour (kWh)lost due to idleness resulting from frequent power outages, a study by a industrial lob...
By Staff reporter | Published: 10 December 2013
DELISTED manufacturing firm Cairns Holdings is expected to ramp up production by the first quarter of next year as existing shareholders give way for new investors following its recapitalisation, the ...
By Staff reporter | Published: 10 December 2013
Augur Investments chairman Ken Sharpe says construction of the $100 million Mall of Zimbabwe in the up market suburb of Borrowdale in Harare will commence next year as all relevant licenses and logist...
By Staff reporter | Published: 10 December 2013
SPIRITS maker African Distillers shareholders have approved a $5 million rights offer that is earmarked for the procurement of a new ready- to-drink plant that has the capacity to produce 27 000 bottl...
By Staff reporter | Published: 10 December 2013
Government will not privatise Zesa Holdings to place the power utility in private hands as envisaged by the Electricity Amendment Act passed by Parliament. Speaking at the Zimbabwe Energy Regulatory A...
By Staff reporter | Published: 10 December 2013
Impala Platinum Holdings Limited (Implats)'s local unit, Zimbabwe Platinum Mines (Zimplats), says it will consider offshore loans among a cocktail of measures - together with other platinum group meta...
By Staff reporter | Published: 09 December 2013
ZIMBABWE Glass Company, the country's sole flint glass producer, says it is facing severe competition from foreign-based companies that take advantage of purchasing power parity in their countries."Co...
By Staff reporter | Published: 09 December 2013
BULAWAYO-BASED manufacturing concern Rubber Products Manufacturing (Pvt) Ltd reportedly closed shop on Friday, sending workers home, with outstanding salaries of over eight months.Workers who spoke to...
By Staff reporter | Published: 09 December 2013
COAL miner Hwange Colliery Company last Friday signed a $260 million mining contract with Portuguese firm, Mota-Engil which is expected to double production from current levels.The contract, expected ...
By Business Reporter | Published: 09 December 2013
Zimbabwe's largest financial services group, Old Mutual, has disbursed at least $100 million to businesses through its lending arm the Central Africa Building Society since dollarisation.This emerged ...
By Staff reporter | Published: 09 December 2013
Air Zimbabwe intends to raise $50 million through the issue of a local aero bond in order to fund its working capital and to pay of its crippling debt.Initially, Air Zimbabwe was scheduled to resume t...
By Business reporter | Published: 09 December 2013
A board shake-up - including the resignation of chairperson Sibusisiwe Bango - looms at AfrAsia Kingdom Zimbabwe Limited (AKZL) following Nigel Chanakira's exit and subsequent increase in shareholding...
By Staff reporter | Published: 06 December 2013
ZIMBABWE Mining Development Corporation (ZMDC) and Marange Diamonds boards of directors will soon have fresh faces as the appointment process is almost done, business digest can reveal.Minister of Min...
By Staff reporter | Published: 06 December 2013
An increasing number of companies and individuals are losing real estate they pledged to banks and financial institutions as collateral for loans as the liquidity crunch continues as evidenced by auct...
By Staff reporter | Published: 06 December 2013
Metbank Limited's liquidity situation is set to improve as the local bank is on the verge of concluding lines of credit worth $50 million, chairman Mr Wilson Manase has said.This is in addition to an ...
By Business Reporter | Published: 06 December 2013
PAPER products manufacturer Hunyani Holdings said yesterday it has appointed new managers at its divisions after former bosses were implicated in an accounts fiddling scandal. The Zimbabwe Stock Excha...
By New Ziana | Published: 06 December 2013
THE Government intends to lower royalties from mineral sales mainly for gold miners in a bid to shore up deliveries and resuscitate Fidelity Printers and Refiners. In 2012, Government pegged royaltie...
By Business Reporter | Published: 06 December 2013
Mining companies are banking a mere 3 percent of the billions of dollars from their export proceeds with the balance kept in offshore accounts amid the crunching liquidity bite pervading the entire ec...
By Business Reporter | Published: 06 December 2013
THE country's largest building society, CABS, has since 2010 disbursed $125,7 million in mortgage finance for 440 units, mostly low cost.Speaking at the Real Estate Institute of Zimbabwe workshop yest...
By Staff reporter | Published: 06 December 2013
AFTER a strong bull run on the Zimbabwe Stock Exchange during 2013, looking at the economic fundamentals, a market correction is imminent.We, therefore, expect to see increased volatility on the ZSE f...
By Richard Sainsbury | Published: 06 December 2013
NETONE, Zimbabwe's smallest mobile phone operator by subscriber base, could have violated sections of the State Procurement Act when it awarded a $251 million network upgrade tender to Huawei Technol...
By Staff reporter | Published: 06 December 2013
Tourism ministers from Southern Africa, including Zimbabwe, want the regional tourism promotion body, RETOSA, restructured and properly reintegrated into SADC.The SADC tourism ministers also want to d...
By eTN Travel and Industry | Published: 05 December 2013
Pickstone Peerless gold mine project in Zimbabwe is estimated to have a life of more than 10 years with a peak production rate in excess of 100,000 ounces per annum, according to a pre-feasibility stu...
By Staff reporter | Published: 05 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
