Global insurance provider, AON Plc, has sold its 69 percent shareholding in local unit AON Zimbabwe to firms linked to local businessman, Mr Shingi Mutasa.The disposal was meant to comply with the cou...
By Business Reporter | Published: 04 October 2013
State owned mobile telephone operator NetOne may have been prejudiced of millions of dollars amid allegations of flouted tender procedures, outright fraud and misappropriation of income from the sale...
By Staff reporter | Published: 06 October 2013
Econet Wireless Global chairperson and controlling shareholder Strive Masiyiwa is mulling a London Stock Exchange listing.Sources said Masiyiwa is mulling a listing on the LSE and wants to position Ec...
By Staff reporter | Published: 04 October 2013
Botswana Stock Exchange listed retail group Choppies Enterprises announced this morning the acquisition of 49% of an unnamed Zimbabwean supermarket chain comprising 10 stores. The cost of acquisi...
By African Alliance | Published: 03 October 2013
Phoenix shares were suspended from trading on the ZSE this morning after the group was placed under judicial management with effect from October 2. Phoenix's suspension brings to 5 the number of ...
By Staff reporter | Published: 03 October 2013
AFRICAN Century Limited Chairman and sole shareholder Jonathan Chenevix- Trench, who is also a major shareholder of NMBZ Holdings and sits on the NMB Bank board said he was prepared to step down from ...
By Big Law IR | Published: 03 October 2013
Despite the growth of the Information Communication Technology (ICT) sector in the country, which has seen internet penetration rising from five to 47 percent in the past five years, the cost of acces...
By Staff reporter | Published: 03 October 2013
Innscor Africa Limited, the expansive, cash-rich manufacturing and retail conglomerate, has completed the restructuring of its grocery division, SPAR, paving the way for a possible demerger and its se...
By Business reporter | Published: 03 October 2013
HOTEL group, African Sun Limited has sold its 12 percent stake in Dawn Properties to Lengrah Investments, a subsidiary of Brainworks Capital for $4,3 million.Prior to the transaction, African Sun had ...
By Business Reporter | Published: 03 October 2013
OLD Mutual Zimbabwe has opened a one-stop financial shop, that will offer customers the convenience of a single destination for all financial services offered by the group.Group chief executive Mr Jon...
By Business Reporter | Published: 03 October 2013
Listed forestry group Border Timbers Limited (Border) says it has lost nearly 10 000 hectares of its plantations worth millions of dollars to fire since year 2000.The group reported that it lost 133 h...
By Staff reporter | Published: 02 October 2013
Shares in Premier African Minerals shot ahead as it concluded an indigenisation agreement with the Zimbabwe authorities for tungsten arm RHA.Zimbabwe's National Indigenisation and Economic Empowermen...
By Philip Whiterow | Published: 02 October 2013
CONGLOMERATE, Phoenix Consolidated Industries Limited, is on course to break even for the year ending October 31 2013 after significantly reducing its $2,5 million debt.Francis Rodrigues said the lev...
By Big Law IR | Published: 02 October 2013
Capacity utilisation for the manufacturing sector in 2013 declined by 5.3 percentage points to 39.6% compared to 44.9% last year as the economy takes a
knock due to political uncertainty and limi...
By Staff reporter | Published: 02 October 2013
Emirates, which flies daily from Harare to Lusaka and Dubai, has set out to woo Harare's trading community with an intensive six-day awareness campaign across the city's main markets.The airline is sp...
By Staff reporter | Published: 02 October 2013
Land line telephones still have a decent market share in Zimbabwe despite facing stiff competition from mobile operators.TelOne managing director Mrs Chipo Mtasa said fixed lines were still an importa...
By Staff reporter | Published: 02 October 2013
SHARES for the largest Zimbabwe Stock Exchange-listed concern by market capitalisation Delta Corporation worth $12,9 million were snapped by foreigners between Friday and yesterday's trade.Delta shar...
By Business reporter | Published: 02 October 2013
National Foods is introducing new varieties of its premium brand of rice, Mahatma rice, which should appeal to those who enjoy a fragrant rice. It is packaging them in re-sealable packets, which will...
By Staff reporter | Published: 02 October 2013
To drive greater efficiency, improved strategic decision-making and faster stock turn-around time across its branches in Zimbabwe, Nano Appliance Centre, a leading supplier of household appliances and...
By Staff reporter | Published: 02 October 2013
AFRICAN Sun Limited has republished interim financial results showing a detailed account of adjustments to the income statement and balance sheet to correct earlier accounting errors.The adjustments h...
By Business Reporter | Published: 02 October 2013
Zimbabwe looks set for its worst power situation this year triggered by ongoing annual maintenance of main power stations that have knocked out more than a half of the country's generation capacity. T...
By Staff reporter | Published: 02 October 2013
BINDURA Nickel Corporation is reportedly close to sealing the $4,5 million bridging finance facility with unnamed domestic banks for the second phase of the restart of Trojan Mine.Expectations had bee...
By Business reporter | Published: 01 October 2013
AICO Africa Ltd could receive $48 million for the sale of its 20 percent shareholding in SeedCo to a United Kingdom based seed company Limagrain, a premium of more than 48 percent of the seed firm's ...
By Business reporter | Published: 01 October 2013
ZSE-listed wines maker, African Distillers Limited (Afdis), says it is finalising funding options with key shareholders over its expansion drive.Afdis - whose major shareholders include SABMiller asso...
By Staff reporter | Published: 01 October 2013
At least 13 insurance companies have pulled out of the tobacco industry citing the high risk associated with the crop, insurance experts said last week.Tobacco Industry Development Support Institute's...
By Agriculture Reporter | Published: 01 October 2013
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
